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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Contract with Customer, Liability | Significant changes in the contract liabilities balances during the period December 31, 2021 to June 30, 2022 are as follows:
(in thousands) |
Balance as of December 31, 2021 | $ | 175,425 |
Increases to the contract liability balance due to cash received | 56,392 |
Revenue recognized in the period | (57,127) |
Balance as of June 30, 2022 | $ | 174,690 |
Schedule of Disaggregation of Revenue | Disaggregation of Revenue
| Three Months Ended |  | Three Months Ended
| June 30, 2022 |  | June 30, 2021
(in thousands) | Over time |  | Point in time |  | Total |  | Over time |  | Point in time |  | Total
Royalty fees | $ | 121,449 |  |  | $ | — |  |  | $ | 121,449 |  |  | $ | 106,242 |  |  | $ | — |  |  | $ | 106,242 |
Initial franchise and relicensing fees | 6,222 |  |  | — |  |  | 6,222 |  |  | 7,328 |  |  | — |  |  | 7,328 |
Procurement services | 20,744 |  |  | 1,059 |  |  | 21,803 |  |  | 11,502 |  |  | 590 |  |  | 12,092 |
Marketing and reservation system | 148,126 |  |  | 41,256 |  |  | 189,382 |  |  | 121,944 |  |  | 14,044 |  |  | 135,988 |
Owned hotels | 14,694 |  |  | 2,388 |  |  | 17,082 |  |  | 7,550 |  |  | 1,336 |  |  | 8,886 |
Other | 11,927 |  |  | — |  |  | 11,927 |  |  | 7,701 |  |  | — |  |  | 7,701 |
Total Topic 606 revenues | $ | 323,162 |  |  | $ | 44,703 |  |  | 367,865 |  |  | $ | 262,267 |  |  | $ | 15,970 |  |  | 278,237 |
Non-Topic 606 revenues |  |  |  |  | 109 |  |  |  |  |  |  | 107 |
Total revenues |  |  |  |  | $ | 367,974 |  |  |  |  |  |  | $ | 278,344 |
| Six Months Ended |  | Six Months Ended
| June 30, 2022 |  | June 30, 2021
(in thousands) | Over time |  | Point in time |  | Total |  | Over time |  | Point in time |  | Total
Royalty fees | $ | 212,188 |  |  | $ | — |  |  | $ | 212,188 |  |  | $ | 172,289 |  |  | $ | — |  |  | $ | 172,289 |
Initial franchise and relicensing fees | 14,624 |  |  | — |  |  | 14,624 |  |  | 12,755 |  |  | — |  |  | 12,755 |
Procurement services | 31,876 |  |  | 1,610 |  |  | 33,486 |  |  | 22,241 |  |  | 1,042 |  |  | 23,283 |
Marketing and reservation system | 260,382 |  |  | 55,637 |  |  | 316,019 |  |  | 200,995 |  |  | 26,514 |  |  | 227,509 |
Owned hotels | 24,635 |  |  | 4,385 |  |  | 29,020 |  |  | 11,068 |  |  | 2,058 |  |  | 13,126 |
Other | 20,156 |  |  | — |  |  | 20,156 |  |  | 12,108 |  |  | — |  |  | 12,108 |
Total Topic 606 revenues | $ | 563,861 |  |  | $ | 61,632 |  |  | 625,493 |  |  | $ | 431,456 |  |  | $ | 29,614 |  |  | 461,070 |
Non-Topic 606 revenues |  |  |  |  | 208 |  |  |  |  |  |  | 221 |
Total revenues |  |  |  |  | $ | 625,701 |  |  |  |  |  |  | $ | 461,291 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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