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Group income statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Profit (loss) [abstract]      
Revenue from fee business $ 1,774 $ 1,672 $ 1,434
Revenue from owned, leased and managed lease hotels 515 471 394
Revenue from insurance activities 23 21 15
System Fund and reimbursable revenues 2,611 2,460 2,049
Total revenue 4,923 4,624 3,892
Cost of sales (745) (742) (648)
System Fund and reimbursable expenses (2,694) (2,441) (2,154)
Administrative expenses (359) (338) (353)
Insurance expenses (29) (23) (11)
Share of profits/(losses) of associates and joint ventures 10 31 (59)
Other operating income 10 21 29
Depreciation and amortisation (65) (67) (68)
Impairment (loss)/reversal on financial assets (10) 1 (5)
Other net impairment reversals/(charges) 0 0 5
Operating profit/loss 1,041 1,066 628
Operating profit analysed as:      
Operating profit before System Fund, reimbursables and exceptional items 1,124 1,019 828
System Fund and reimbursable result (83) 19 (105)
Operating exceptional items 0 28 (95)
Operating profit/loss 1,041 1,066 628
Financial income 63 39 22
Financial expenses (203) (91) (118)
Fair value (losses)/gains on contingent purchase consideration (4) (4) 8
Profit/(loss) before tax 897 1,010 540
Tax [1] (269) (260) (164)
Profit for the year 628 750 376
Attributable to:      
Equity holders of the parent 628 750 375
Non-controlling interest 0 0 1
Profit loss from continuing operations $ 628 $ 750 $ 376
Earnings per ordinary share:      
Basic $ 3.896 $ 4.438 $ 2.072
Diluted $ 3.853 $ 4.412 $ 2.06
[1] ‘Other jurisdictions’ includes $169m (2023: $172m, 2022: $134m) in respect of US taxes.