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Goodwill and other intangible assets (Tables) | 12 Months Ended
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Dec. 31, 2021
Text Block [Abstract] |
Summary of Goodwill and Other Intangible Assets |
|  |  |  | Goodwill $m |  |  |  |  | Brands $m |  |  |  |  | Software $m |  |  |  |  | Management agreements $m |  |  |  |  | Other intangibles $m |  |  |  |  | Total $m |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 1 January 2020 |  |  |  |  | 529 |  |  |  |  |  | 439 |  |  |  |  |  | 864 |  |  |  |  |  | 122 |  |  |  |  |  | 23 |  |  |  |  |  | 1,977 |
Additions |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 50 |  |  |  |  |  | – |  |  |  |  |  | 2 |  |  |  |  |  | 52 |
Disposals |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (29 | ) |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (29 | )
Exchange and other adjustments |  |  |  |  | 8 |  |  |  |  |  | – |  |  |  |  |  | 1 |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 9 |
At 31 December 2020 |  |  |  |  | 537 |  |  |  |  |  | 439 |  |  |  |  |  | 886 |  |  |  |  |  | 122 |  |  |  |  |  | 25 |  |  |  |  |  | 2,009 |
Additions |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 32 |  |  |  |  |  | – |  |  |  |  |  | 1 |  |  |  |  |  | 33 |
Disposals |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (40 | ) |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (40 | )
Exchange and other adjustments |  |  |  |  | (5 | ) |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (5 | )
At 31 December 2021 |  |  |  |  | 532 |  |  |  |  |  | 439 |  |  |  |  |  | 878 |  |  |  |  |  | 122 |  |  |  |  |  | 26 |  |  |  |  |  | 1,997 |
Amortisation and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 1 January 2020 |  |  |  |  | (190 | ) |  |  |  |  | – |  |  |  |  |  | (340 | ) |  |  |  |  | (63 | ) |  |  |  |  | (8 | ) |  |  |  |  | (601 | )
Provided |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (36 | ) |  |  |  |  | (1 | ) |  |  |  |  | (1 | ) |  |  |  |  | (38 | )
System Fund expense |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (51 | ) |  |  |  |  | – |  |  |  |  |  | (2 | ) |  |  |  |  | (53 | )
Impairment charge |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (48 | ) |  |  |  |  | – |  |  |  |  |  | (48 | )
System Fund impairment charge |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (4 | ) |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (4 | )
Disposals |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 29 |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 29 |
Exchange and other adjustments |  |  |  |  | (1 | ) |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (1 | )
At 31 December 2020 |  |  |  |  | (191 | ) |  |  |  |  | – |  |  |  |  |  | (402 | ) |  |  |  |  | (112 | ) |  |  |  |  | (11 | ) |  |  |  |  | (716 | )
Provided |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (30 | ) |  |  |  |  | (1 | ) |  |  |  |  | (1 | ) |  |  |  |  | (32 | )
System Fund expense |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | (82 | ) |  |  |  |  | – |  |  |  |  |  | (1 | ) |  |  |  |  | (83 | )
Disposals |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 28 |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 28 |
Exchange and other adjustments |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 1 |  |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  | 1 |
At 31 December 2021 |  |  |  |  | (191 | ) |  |  |  |  | – |  |  |  |  |  | (485 | ) |  |  |  |  | (113 | ) |  |  |  |  | (13 | ) |  |  |  |  | (802 | )
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At 31 December 2021 |  |  |  |  | 341 |  |  |  |  |  | 439 |  |  |  |  |  | 393 |  |  |  |  |  | 9 |  |  |  |  |  | 13 |  |  |  |  |  | 1,195 |
At 31 December 2020 |  |  |  |  | 346 |  |  |  |  |  | 439 |  |  |  |  |  | 484 |  |  |  |  |  | 10 |  |  |  |  |  | 14 |  |  |  |  |  | 1,293 |
At 1 January 2020 |  |  |  |  | 339 |  |  |  |  |  | 439 |  |  |  |  |  | 524 |  |  |  |  |  | 59 |  |  |  |  |  | 15 |  |  |  |  |  | 1,376 |
Summary of Carrying Value of Goodwill and Indefinite Life Brands were Allocated to CGUs for Year-end Impairment Testing | Allocation of goodwill and brands to CGUs
|  |  |  | At |  |  |  |  |  | At |  |  |  |  |  | At |  |  |  |  | Analysed as: |
|  |  |  | 1 January 2020 $m |  |  | Exchange adjustments $m |  |  | 31 December 2020 $m |  |  | Exchange adjustments $m |  |  | 31 December 2021 $m |  |  |  |  | Goodwill $m |  |  | Brands $m |
Americas (group of CGUs) |  |  |  |  | 421 |  |  |  | – |  |  |  | 421 |  |  |  | (2 | ) |  |  | 419 |  |  |  |  |  | 132 |  |  |  | 287 |
EMEAA (group of CGUs) |  |  |  |  | 332 |  |  |  | 7 |  |  |  | 339 |  |  |  | (2 | ) |  |  | 337 |  |  |  |  |  | 201 |  |  |  | 136 |
Greater China |  |  |  |  | 25 |  |  |  | – |  |  |  | 25 |  |  |  | (1 | ) |  |  | 24 |  |  |  |  |  | 8 |  |  |  | 16 |
|  |  |  |  | 778 |  |  |  | 7 |  |  |  | 785 |  |  |  | (5 | ) |  |  | 780 |  |  |  |  |  | 341 |  |  |  | 439 |
Summary of Terminal Growth Rates and Discount Rates Used in Impairment Tests | The weighted average terminal growth rates and pre-tax discount rates are as follows:
|  |  |  | 2021 |  |  |  |  | 2020 |
|  |  |  | Terminal growth rate % |  |  | Pre-tax discount rate % |  |  |  |  | Terminal growth rate % |  |  | Pre-tax discount rate % |
Americas |  |  |  |  | 2.0 |  |  |  | 10.2 |  |  |  |  |  | 1.7 |  |  |  | 8.5 |
EMEAA |  |  |  |  | 2.2 |  |  |  | 12.8 |  |  |  |  |  | 1.9 |  |  |  | 12.1 |
Greater China |  |  |  |  | 2.5 |  |  |  | 12.6 |  |  |  |  |  | 2.5 |  |  |  | 13.3 |
Summary of recoverable amount is measured at fair value | Contracts were valued at the higher of value in use and fair value less costs of disposal, using discounted cash flow techniques. Where the recoverable amount was measured at fair value, this was categorised as a Level 3 fair value measurement.
Management agreement portfolios |  | Region |  | Basis of recoverable amount |  |  |  | Recoverable amount $m |  |  | Long-term growth rate % |  |  | Pre-tax discount rate % |
Kimpton |  | Americas |  | Value in use |  |  |  |  | 4 |  |  |  | 1.7 |  |  |  | 8.4 |
Regent |  | Greater China |  | Value in use |  |  |  |  | 3 |  |  |  | 2.0-4.6 |  |  |  | 7.0-15.9 |
Six Senses (open hotels) |  | EMEAA |  | Fair value less costs of disposal |  |  |  |  | – |  |  |  | 2.0 |  |  |  | 8.9-14.7 |
|  | Greater China |  | Fair value less costs of disposal |  |  |  |  | – |  |  |  | 2.0 |  |  |  | 9.9 |
Six Senses (pipeline) |  | Americas |  | Value in use |  |  |  |  | 1 |  |  |  | 2.0 |  |  |  | 9.8 |
|  | EMEAA |  | Value in use |  |  |  |  | 2 |  |  |  | 2.0 |  |  |  | 8.9 |
|  | Greater China |  | Value in use |  |  |  |  | – |  |  |  | 2.0 |  |  |  | 8.5 |

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- Definition The disclosure of information for an individual asset, including goodwill, or a cash-generating unit, for which an impairment loss has been recognised or reversed. [Refer: Goodwill; Impairment loss; Reversal of impairment loss; Cash-generating units [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2021-01-01 -Paragraph 130 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=36&code=ifrs-tx-2021-en-r&anchor=para_130&doctype=Standard -URIDate 2021-03-24 + Details
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- Definition The disclosure of information for cash-generating units. [Refer: Cash-generating units [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 36 -IssueDate 2021-01-01 -Paragraph 134 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=36&code=ifrs-tx-2021-en-r&anchor=para_134&doctype=Standard -URIDate 2021-03-24 + Details
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- Definition The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 38 -IssueDate 2021-01-01 -Paragraph 118 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2021-en-r&anchor=para_118&doctype=Standard -URIDate 2021-03-24 + Details
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