XML 320 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segmental information (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure [Abstract]  
Summary of Information by Reportable Segment
Revenue
       
      2024 
        
    2023 
          
     2022 
  
Year ended 31 December
      
$m 
        
$m 
          
$m 
  
Americas
    
1,141
   
1,105
   
1,005
EMEAA
    
748
   
677
   
552
Greater China
    
161
   
161
   
87
Central
    
262
   
221
   
199
Revenue from reportable segments
    
2,312
   
2,164
   
1,843
System Fund and reimbursable revenues
    
2,611
   
2,460
   
2,049
Total revenue
    
4,923
   
4,624
   
3,892
 
Profit
       
      2024
             2023                2022  
Year ended 31 December      
$m
         $m           $m  
Americas    
828
      815         761  
EMEAA    
270
      215         152  
Greater China    
98
      96         23  
Central    
(72
) 
       (107 )        (108 ) 
Operating profit from reportable segments
    
1,124
      1,019         828  
System Fund and reimbursable result    
(83
) 
       19         (105 ) 
Operating exceptional items (note
6
)		    
–
      28         (95 ) 
Operating profit
    
1,041
      1,066         628  
Net financial expenses    
(140
) 
       (52 )        (96 ) 
Fair value (losses)/gains on contingent purchase consideration    
(4
) 
       (4 )        8  
Profit before tax
    
897
      1,010         540  
Tax    
(269
) 
       (260 )        (164 ) 
Profit for the year
    
628
      750         376  
 
 
 
 
Non-cash
items included within operating profit from
reportable
segments
 
       
Americas
    
EMEAA
    
Greater
China
    
Central
    
Group
  
Year ended 31 December 2024
      
     $m
    
     $m
    
     $m
    
     $m
    
     $m
  
Depreciation and amortisation
a
   
24
 
12
 
3
 
26
 
65
Contract assets deduction in revenue
    
24
 
18
 
1
 
–
 
43
Equity-settled share-based payments cost
    
10
 
5
 
3
 
19
 
37
Share of profit of associates and joint ventures
    
(4
) 
  
(6
) 
  
–
 
–
 
(10
) 
 
       
Americas
    
EMEAA
    
Greater
China
    
Central
    
Group
  
Year ended 31 December 2023
      
     $m
    
     $m
    
     $m
    
     $m
    
      $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
) 
 
       
Americas
    
EMEAA
    
Greater
China
    
Central
    
Group
  
Year ended 31 December 2022
      
     $m
    
      $m
    
      $m
    
     $m
    
      $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
) 
 
a.
Includes $16m (2023: $17m, 2022: $15m) relating to cost of sales in owned, leased and managed lease hotels and $49m (2023: $50m, 2022: $53m) relating to other assets. A further $80m (2023: $83m, 2022: $86m) was recorded within System Fund and reimbursable expenses.
Summary of Geographical Information
Geographical
information
       
2024
         2023           2022  
Year ended 31 December      
     $m
              $m                $m  
Revenue
                              
United Kingdom    
291
      263         243  
United States    
1,902
      1,777         1,659  
Rest of World    
1,119
      1,020         773  
     
3,312
      3,060         2,675  
System Fund revenues (note
31
)		    
1,611
      1,564         1,217  
     
4,923
      4,624         3,892  
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.
 
       
2024
        
2023
  
31 December
      
     $m
        
     $m
  
Non-current
assets
                    
United Kingdom
    
104
   
100
United States
    
1,370
   
1,332
Rest of World
    
778
   
660
     
2,252
   
2,092