Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Contract Liabilities

Deferred revenues as of September 30, 2024 and December 31, 2023 are as follows:

	September 30, 2024		December 31, 2023
Deferred initial franchise fee revenues	$	142	$	145
Deferred loyalty program revenues	99		95
Deferred co-branded credit card program revenues	—		3
Deferred other revenues	22		15
Total	$	263	$	258

Schedule of Performance Obligations

The following table summarizes the Company’s remaining performance obligations for the twelve-month periods set forth below:

	10/1/2024 - 9/30/2025		10/1/2025 - 9/30/2026		10/1/2026 - 9/30/2027		Thereafter		Total
Initial franchise fee revenues	$	16	$	8	$	7	$	111	$	142
Loyalty program revenues	64		24		9		2		99
Other revenues	18		1		—		3		22
Total	$	98	$	33	$	16	$	116	$	263

Schedule of Disaggregation of Net Revenues

The table below presents a disaggregation of the Company’s net revenues from contracts with customers by major services and products:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024			2023
Royalties and franchise fees	$	159	$	152	$	419		$	415
Marketing and reservation fees	136		155		356			380
Loyalty revenue	25		24		73		65	65
Management and other fees	3		3		7			11
License and other fees	32		30		89			83
Cost reimbursements	2		2		4			12
Other revenue	39		36		119			110
Net revenues	$	396	$	402	$	1,067		$	1,076