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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Contract with Customer, Asset and Liability | Significant changes in the contract liabilities balances during the year ended December 31, 2022, inclusive of balances assumed in the acquisition of Radisson Hotels Americas (refer to Note 24), are as follows:
(in thousands) |
Balance as of December 31, 2021 | $ | 175,425 |
Assumption of contract liabilities from Radisson Hotels Americas acquisition | 27,682 |
Increases to the contract liability balance due to cash received | 124,103 |
Revenue recognized in the period | (117,851) |
Balance as of December 31, 2022 | $ | 209,359 |
Schedule of Disaggregation of Revenue | The following table presents our revenues by over time and point in time recognition:
| Year Ended December 31, 2022 |  |
(in thousands) | Over time |  | Point in time |  | Total |  |  |  |  |  |
Royalty, licensing and management fees | $ | 471,601 |  |  | $ | 158 |  |  | $ | 471,759 |  |  |  |  |  |  |
Initial franchise fees | 28,074 |  |  | — |  |  | 28,074 |  |  |  |  |  |  |
Procurement services | 60,768 |  |  | 3,032 |  |  | 63,800 |  |  |  |  |  |  |
Owned hotels | 55,197 |  |  | 15,398 |  |  | 70,595 |  |  |  |  |  |  |
Other | 64,740 |  |  | — |  |  | 64,740 |  |  |  |  |  |  |
Other revenues from franchised and managed properties | 596,668 |  |  | 106,082 |  |  | 702,750 |  |  |  |  |  |  |
Topic 606 revenues | $ | 1,277,048 |  |  | $ | 124,670 |  |  | 1,401,718 |  |  |  |  |  |  |
Non-Topic 606 revenues |  |  |  |  | 231 |  |  |  |  |  |  |
Total revenues |  |  |  |  | $ | 1,401,949 |  |  |  |  |  |  |
|  |  | Year Ended December 31, 2021
(in thousands) |  |  |  |  |  |  | Over time |  | Point in time |  | Total
Royalty, licensing and management fees |  |  |  |  |  |  | $ | 397,218 |  |  | $ | — |  |  | $ | 397,218 |
Initial franchise fees |  |  |  |  |  |  | 26,342 |  |  | — |  |  | 26,342 |
Procurement services |  |  |  |  |  |  | 47,878 |  |  | 2,515 |  |  | 50,393 |
Owned hotels |  |  |  |  |  |  | 31,747 |  |  | 5,642 |  |  | 37,389 |
Other |  |  |  |  |  |  | 28,669 |  |  | — |  |  | 28,669 |
Other revenues from franchised and managed properties |  |  |  |  |  |  | 465,184 |  |  | 63,659 |  |  | 528,843 |
Topic 606 revenues |  |  |  |  |  |  | $ | 997,038 |  |  | $ | 71,816 |  |  | 1,068,854 |
Non-Topic 606 revenues |  |  |  |  |  |  |  |  |  |  | 444 |
Total revenues |  |  |  |  |  |  |  |  |  |  | $ | 1,069,298 |
| Year Ended December 31, 2020 |  |
(in thousands) | Over time |  | Point in time |  | Total |  |  |  |  |  |
Royalty, licensing and management fees | $ | 263,308 |  |  | $ | — |  |  | $ | 263,308 |  |  |  |  |  |  |
Initial franchise fees | 25,906 |  |  | — |  |  | 25,906 |  |  |  |  |  |  |
Procurement services | 42,919 |  |  | 2,323 |  |  | 45,242 |  |  |  |  |  |  |
Owned hotels | 16,824 |  |  | 2,912 |  |  | 19,736 |  |  |  |  |  |  |
Other | 15,838 |  |  | — |  |  | 15,838 |  |  |  |  |  |  |
Other revenues from franchised and managed properties | 325,785 |  |  | 76,783 |  |  | 402,568 |  |  |  |  |  |  |
Topic 606 revenues | $ | 690,580 |  |  | $ | 82,018 |  |  | 772,598 |  |  |  |  |  |  |
Non-Topic 606 revenues |  |  |  |  | 1,474 |  |  |  |  |  |  |
Total revenues |  |  |  |  | $ | 774,072 |  |  |  |  |  |  |

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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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