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Revenue
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Contract Liabilities
Contract liabilities relate to (i) advance consideration received, such as initial franchise fees paid when a franchise agreement is executed and system implementation fees paid at time of installation, for services considered to be part of the brand intellectual property performance obligation and (ii) amounts received when loyalty points are issued, but for which revenue is not yet recognized since the related loyalties points have not been redeemed.
Deferred revenues from initial fees and system implementation fees are typically recognized over a five- to ten-year period, unless the franchise agreement is terminated and the hotel exits the franchise system whereby remaining deferred amounts are recognized to revenue in the period of termination. Loyalty points are typically redeemed within three years of issuance.
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 received84,356 
Revenue recognized in the period(86,473)
Balance as of September 30, 2022$203,339 
Remaining Performance Obligations
The aggregate amount of transaction price allocated to unsatisfied or partially unsatisfied performance obligations is $203.3 million as of September 30, 2022. This amount represents fixed transaction price that will be recognized as revenue in future periods, which is captured in the consolidated balance sheet as current and non-current deferred revenue.
Based on practical expedient elections permitted by ASU 2014-09, Revenue From Contracts with Customers (Topic 606) and subsequent amendments ("Topic 606"), the Company does not disclose the value of unsatisfied performance obligations for (i) variable consideration subject to the sales or usage-based royalty constraint or comprising a component of a series (including franchise, partnership, qualified vendor, and software as a service ("SaaS") agreements), (ii) variable consideration for which we recognize revenue at the amount to which we have the right to invoice for services performed, or (iii) contracts with an expected original duration of one year or less.
Disaggregation of Revenue
Three Months EndedThree Months Ended
September 30, 2022September 30, 2021
(in thousands)Over timePoint in timeTotalOver timePoint in timeTotal
Royalty, licensing and management fees$143,987 $33 $144,020 $127,317 $— $127,317 
Initial franchise fees7,011 — 7,011 6,149 — 6,149 
Procurement services13,628 773 14,401 12,285 725 13,010 
Owned hotels14,854 5,115 19,969 9,614 1,652 11,266 
Other31,432 — 31,432 8,645 — 8,645 
Other revenues from franchised and managed properties178,349 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 revenues23 111 
Total revenues$414,266 $323,369 
Nine Months EndedNine Months Ended
September 30, 2022September 30, 2021
(in thousands)Over timePoint in timeTotalOver timePoint in timeTotal
Royalty, licensing and management fees$356,175 $33 $356,208 $299,606 $— $299,606 
Initial franchise fees21,635 — 21,635 18,904 — 18,904 
Procurement services45,503 2,384 47,887 34,526 1,767 36,293 
Owned hotels39,490 9,500 48,990 20,683 3,709 24,392 
Other51,588 — 51,588 20,753 — 20,753 
Other revenues from franchised and managed properties438,734 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 revenues230 332 
Total revenues$1,039,967 $784,660 
Other revenues from franchised and managed properties and Royalty, licensing and management fees point in time revenues represent loyalty points redeemed by members for benefits (with both franchisees and third-party partners), net of the cost of redemptions. Other revenues include contract termination fees of $22.6 million related to the termination of 110 WoodSpring units. The termination fees recognized represent the $67.4 million in consideration less the carrying basis of the related contract intangibles.
As presented in Note 11, the Corporate & Other segment revenue amounts represent $29.7 million and $13.5 million for the three months ended September 30, 2022 and 2021, respectively, and $63.4 million and $30.5 million for the nine months ended September 30, 2022 and 2021, respectively, and are included in the Over time column of Other revenues and the Owned hotels and Non-Topic 606 revenues rows. The remaining revenues relate to the Hotel Franchising segment.
Royalty, licensing and management fees and Other revenues from franchised and managed properties are presented net of intersegment revenues of $1.6 million and $0.9 million for the three months ended September 30, 2022 and 2021, respectively, and $3.7 million and $1.9 million for the nine months ended September 30, 2022 and 2021, respectively.