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v3.22.2.2

Revenue (Tables) | 9 Months Ended
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Sep. 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 September 30, 2022 are as follows:
(in thousands) |
Balance as of December 31, 2021 | $ | 175,425 |
Assumption of contract liabilities from Radisson Hotels Americas acquisition | 30,031 |
Increases to the contract liability balance due to cash received | 84,356 |
Revenue recognized in the period | (86,473) |
Balance as of September 30, 2022 | $ | 203,339 |
Schedule of Disaggregation of Revenue | Disaggregation of Revenue
| Three Months Ended |  | Three Months Ended
| September 30, 2022 |  | September 30, 2021
(in thousands) | Over time |  | Point in time |  | Total |  | Over time |  | Point in time |  | Total
Royalty, licensing and management fees | $ | 143,987 |  |  | $ | 33 |  |  | $ | 144,020 |  |  | $ | 127,317 |  |  | $ | — |  |  | $ | 127,317 |
Initial franchise fees | 7,011 |  |  | — |  |  | 7,011 |  |  | 6,149 |  |  | — |  |  | 6,149 |
Procurement services | 13,628 |  |  | 773 |  |  | 14,401 |  |  | 12,285 |  |  | 725 |  |  | 13,010 |
Owned hotels | 14,854 |  |  | 5,115 |  |  | 19,969 |  |  | 9,614 |  |  | 1,652 |  |  | 11,266 |
Other | 31,432 |  |  | — |  |  | 31,432 |  |  | 8,645 |  |  | — |  |  | 8,645 |
Other revenues from franchised and managed properties | 178,349 |  |  | 19,061 |  |  | 197,410 |  |  | 145,216 |  |  | 11,655 |  |  | 156,871 |
Total Topic 606 revenues | $ | 389,261 |  |  | $ | 24,982 |  |  | 414,243 |  |  | $ | 309,226 |  |  | $ | 14,032 |  |  | 323,258 |
Non-Topic 606 revenues |  |  |  |  | 23 |  |  |  |  |  |  | 111 |
Total revenues |  |  |  |  | $ | 414,266 |  |  |  |  |  |  | $ | 323,369 |
| Nine Months Ended |  | Nine Months Ended
| September 30, 2022 |  | September 30, 2021
(in thousands) | Over time |  | Point in time |  | Total |  | Over time |  | Point in time |  | Total
Royalty, licensing and management fees | $ | 356,175 |  |  | $ | 33 |  |  | $ | 356,208 |  |  | $ | 299,606 |  |  | $ | — |  |  | $ | 299,606 |
Initial franchise fees | 21,635 |  |  | — |  |  | 21,635 |  |  | 18,904 |  |  | — |  |  | 18,904 |
Procurement services | 45,503 |  |  | 2,384 |  |  | 47,887 |  |  | 34,526 |  |  | 1,767 |  |  | 36,293 |
Owned hotels | 39,490 |  |  | 9,500 |  |  | 48,990 |  |  | 20,683 |  |  | 3,709 |  |  | 24,392 |
Other | 51,588 |  |  | — |  |  | 51,588 |  |  | 20,753 |  |  | — |  |  | 20,753 |
Other revenues from franchised and managed properties | 438,734 |  |  | 74,695 |  |  | 513,429 |  |  | 346,211 |  |  | 38,169 |  |  | 384,380 |
Total Topic 606 revenues | $ | 953,125 |  |  | $ | 86,612 |  |  | 1,039,737 |  |  | $ | 740,683 |  |  | $ | 43,645 |  |  | 784,328 |
Non-Topic 606 revenues |  |  |  |  | 230 |  |  |  |  |  |  | 332 |
Total revenues |  |  |  |  | $ | 1,039,967 |  |  |  |  |  |  | $ | 784,660 |

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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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