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Segmental information (Tables)
12 Months Ended
Dec. 31, 2023
Text Block [Abstract]  
Summary of Information by Reportable Segment
Revenue
 
Year ended 31 December
      
  2023 
$m 
     
2022 
Re-presented
a

$m 
     
2021 
Re-presented
a

$m 
Americas
    
   1,105 
   
1,005 
   
774 
EMEAA
 
  
677 
 
 
552 
 
 
303 
Greater China
    
161 
   
87 
   
116 
Central
    
221 
   
199 
   
197 
Revenue from reportable segments
    
2,164 
   
1,843 
   
1,390 
System Fund and reimbursable revenues
    
2,460 
   
2,049 
   
1,517 
Total revenue
    
4,624 
   
3,892 
   
2,907 
 
a
 
Re-presented
to combine System Fund and reimbursable revenues (see New accounting standards and other presentational changes).
Profit
 
Year ended 31 December
      
  2023 
$m 
     
 2022 
$m 
     
  2021 
$m 
Americas
 
  
815 
 
 
761 
 
 
    559 
EMEAA
    
     215 
   
    152 
   
5 
Greater China
    
96 
   
23 
   
58 
Central
    
(107)
   
(108)
   
(88)
Operating profit from reportable segments
    
1,019 
   
828 
   
534 
System Fund and reimbursable result
    
19 
   
(105)
   
(11)
Operating exceptional items (note 6)
    
28 
   
(95)
   
(29)
Operating profit
    
1,066 
   
628 
   
494 
Net financial expenses
    
(52)
   
(96)
   
(139)
Fair value (losses)/gains on contingent purchase consideration
    
(4)
   
8 
   
6 
Profit before tax
    
1,010 
   
540 
   
361 
Tax
    
(260)
   
(164)
   
(96)
Profit for the year
    
750 
   
376 
   
265 
In 2022, operating profit from reportable segments included $6m relating to business insurance claims principally in the Americas region and $16m government support income relating to the EMEAA region. The net impact of government support income on operating profit from reportable segments was $6m after deducting additional variable rent of $10m which became payable as a direct result of the support received.
 
Non-cash
items included within operating profit from reportable segments
 
Year ended 31 December 2023
  
    
 Americas
$m
   
  EMEAA
$m
   
    Greater
China
$m
   
  Central
$m
   
   Group 
$m 
Depreciation and amortisation
a
     
 
24
 
 
 
12
 
 
 
4
  
 
 
27
  
 
67 
Contract assets deduction in revenue
     
 
21
 
 
 
15
 
 
 
1
 
 
 
 
 
37 
Equity-settled share-based payments cost
     
 
9
 
 
 
4
 
 
 
2
 
 
 
16
 
 
31 
Share of profit of associates and joint ventures (excluding exceptional items)
     
 
(5
 
 
(8
 
 
 
 
 
 
 
(13)
 
Year ended 31 December 2022
  
    
  Americas
$m
   
  EMEAA
$m
   
     Greater
China
$m
   
  Central
$m
   
  Group 
$m 
Depreciation and amortisation
a
     
 
23
 
 
 
13
 
 
 
4
  
 
 
28
  
 
68 
Contract assets deduction in revenue
     
 
18
 
 
 
13
 
 
 
1
 
 
 
 
 
32 
Equity-settled share-based payments cost
     
 
8
 
 
 
4
  
 
 
2
 
 
 
14
 
 
28 
Share of profit of associates (excluding exceptional items)
     
 
(1
 
 
 
 
 
 
 
 
 
 
(1)
 
Year ended 31 December 2021
  
    
  Americas
$m
   
   EMEAA
$m
   
     Greater
China
$m
   
  Central
$m
   
  Group 
$m 
Depreciation and amortisation
a
     
 
30
  
 
 
18
  
 
 
6
  
 
 
44
  
 
98 
Contract assets deduction in revenue
     
 
17
 
 
 
17
 
 
 
1
 
 
 
 
 
35 
Equity-settled share-based payments cost
     
 
8
 
 
 
4
 
 
 
3
 
 
 
11
 
 
26 
Share of losses of associates
     
 
7
 
 
 
1
 
 
 
 
 
 
 
 
8 
 
a
 
Includes $17m (2022: $15m, 2021: $20m) relating to cost of sales in owned, leased and managed lease hotels and $50m (2022: $53m, 2021: $78m) relating to other assets. A further $83m (2022: $86m, 2021: $94m) was recorded within System Fund and reimbursable expenses.
Capital expenditure
 
Year ended 31 December 2023
  
    
 Americas
$m
   
  EMEAA
$m
   
    Greater
China
$m
   
  Central
$m
   
  Group 
$m 
Capital expenditure per management reporting
     
 
128
 
 
 
35
 
 
 
3
 
 
 
87
 
 
253 
Contract acquisition costs
     
 
(74
 
 
(31
 
 
(3
 
 
 
 
(108)
Timing differences and other adjustments
     
 
1
 
 
 
(2
 
 
 
 
 
(7
 
(8)
Additions per the Group Financial Statements
     
 
55
 
 
 
2
 
 
 
 
 
 
80
 
 
137 
Comprising additions to:
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill and other intangible assets
     
 
 
 
 
 
 
 
 
 
 
53
 
 
53 
Property, plant and equipment
     
 
4
 
 
 
2
 
 
 
 
 
 
15
 
 
21 
Investment in associates
     
 
3
 
 
 
 
 
 
 
 
 
 
 
3 
Other financial assets
     
 
48
 
 
 
 
 
 
 
 
 
12
 
 
60 
 
     
 
55
 
 
 
2
 
 
 
 
 
 
80
 
 
137 
 
Year ended 31 December 2022
  
    
  Americas
$m
   
  EMEAA
$m
   
   Greater
China
$m
   
   Central
$m
    
  Group 
$m 
Capital expenditure per management reporting
     
 
71
 
 
 
21
 
 
 
2
 
 
 
67
 
  
161 
Contract acquisition costs
     
 
(47
 
 
(16
 
 
(1
 
 
 
  
(64)
Lease incentives received
     
 
 
 
 
 
 
 
 
 
 
6
 
  
6 
Timing differences and other adjustments
     
 
 
 
 
 
 
 
(1
 
 
2
 
  
1 
Additions per the Group Financial Statements
     
 
24
 
 
 
5
 
 
 
 
 
 
75
 
  
104 
Comprising additions to:
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
Goodwill and other intangible assets
     
 
 
 
 
 
 
 
 
 
 
46
 
  
46 
Property, plant and equipment
     
 
23
 
 
 
5
 
 
 
 
 
 
29
 
  
57 
Investment in associates
     
 
1
 
 
 
 
 
 
 
 
 
 
  
1 
 
     
 
24
 
 
 
5
 
 
 
 
 
 
75
 
  
104 
Summary of Geographical Information
Geographical information
 
Year ended 31 December
      
  2023
$m
        
  2022
$m
        
  2021
$m
 
Revenue
    
 
 
 
    
 
 
 
    
 
 
 
United Kingdom
 
  
 
263
 
 
  
 
243
 
 
  
 
142
 
United States
    
 
1,777
 
    
 
1,659
 
    
 
1,263
 
Rest of World
    
 
1,020
 
    
 
773
 
    
 
574
 
 
    
 
3,060
 
    
 
2,675
 
    
 
1,979
 
System Fund revenues (note 32)
    
 
1,564
 
    
 
1,217
 
    
 
928
 
 
    
 
4,624
 
    
 
3,892
 
    
 
2,907
 
For the purposes of the above table, fee business, owned, leased and managed lease and reimbursable revenues are determined according to the location of the hotel and other revenue is attributed to the country of origin. In addition to the United Kingdom, revenue relating to an individual country is separately disclosed when it represents 10% or more of total revenue. System Fund revenues are not included in the geographical analysis as the Group does not monitor the Fund’s revenue by location of the hotel or, in the case of the loyalty programme, according to the location where members consume their rewards.
 
31 December
      
  2023
$m
        
  2022
$m
 
Non-current
assets
 
  
 
 
 
    
 
 
 
United Kingdom
    
 
100
 
 
  
 
102
 
United States
    
 
1,332
 
    
 
1,308
 
Rest of World
    
 
660
 
    
 
621
 
 
    
 
2,092
 
    
 
2,031