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System Fund and reimbursables
 12 Months Ended
Dec. 31, 2025
System Fund And Reimbursables [Abstract]  
System Fund and reimbursables 31. System Fund and reimbursables
System Fund and reimbursable revenues and expenses comprise:
2025
2024
2023
$m
$m
$m
System Fund revenues
1,717
1,611
1,564
Reimbursable revenues
1,004
1,000
896
System Fund and reimbursable revenues
2,721
2,611
2,460
System Fund expenses
(1,763)
(1,694)
(1,545)
Reimbursable expenses
(1,004)
(1,000)
(896)
System Fund and reimbursable expenses
(2,767)
(2,694)
(2,441)
System Fund revenues include:
2025
2024
2023
$m
$m
$m
Loyalty programme revenues, net of the cost of point redemptions
355
355
379
Marketing, reservation and other hotel fees
1,362
1,256
1,185
System Fund expenses include:
2025
2024
2023
$m
$m
$m
Marketing
542
520
498
Staff costs (excluding costs relating to the global efficiency programme)
424
436
399
Global efficiency programmea
10
–
–
Depreciation and amortisation
79
80
83
Impairment loss on trade receivables (note 16)
19
9
–
Other net impairment charges (note 11)
–
3
–
a.Comprises costs incurred in the ongoing delivery of a programme designed to achieve incremental cost base efficiencies and effectiveness.
An additional $12m, that is not charged to the System Fund, is included in operating exceptional items (note 6).