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Geographic and Business Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Geographic and Business Segment Information Geographic and Business Segment Information
Our chief operating decision maker ("CODM") is our chief executive officer. We consider each one of our hotels to be an operating segment, as we allocate resources and assess operating performance based on individual hotels. All of our hotels meet the aggregation criteria for segment reporting and our other real estate investment activities (primarily our equity method investments, retail spaces and office buildings) are immaterial. As such, we report one segment: hotel ownership. Our consolidated foreign operations consist of hotels in two countries as of December 31, 2024. There were no
intersegment sales during the periods presented. The following table presents revenues and long-lived assets for each of the geographical areas in which we operate (in millions):
202420232022
RevenuesProperty and
Equipment, net		RevenuesProperty and
Equipment, net		RevenuesProperty and
Equipment, net
United States $5,583 $10,852 $5,219 $9,556 $4,836 $9,678 
Brazil 26 27 22 35 17 33 
Canada 75 27 70 33 54 37 
Total $5,684 $10,906 $5,311 $9,624 $4,907 $9,748 
The CODM's primary measure of performance for our reportable segment is Earnings Before Interest Expense, Income Taxes, Depreciation and Amortization ("EBITDA"). The CODM uses EBITDA to analyze how profitable a hotel is, including reviewing how each department at the hotel performed, in comparison to budget and in comparison to prior year performance, when making capital allocation decisions. We do not allocate corporate level income and expenses to segments. Our CODM does not use asset book values in assessing performance or allocating resources for our operating segments and therefore this information is not disclosed.
The following table presents revenues, significant expenses, and EBITDA for our reportable segment (in millions):
202420232022
Hotel OwnershipTotalHotel OwnershipTotalHotel OwnershipTotal
Revenues
Rooms$3,426 $3,426 $3,244 $3,244 $3,014 $3,014 
Food and beverage1,716 1,716 1,582 1,582 1,418 1,418 
Other542 542 485 485 475 475 
Total revenues 5,684 5,684 5,311 5,311 4,907 4,907 
Expenses
Rooms849 849 787 787 727 727 
Food and beverage1,137 1,137 1,042 1,042 928 928 
Other departmental and support expenses1,383 1,383 1,280 1,280 1,181 1,181 
Management fees254 254 249 249 217 217 
Other property-level expenses411 411 383 383 325 325 
Other segment items (1)
(40)(40)(83)(83)(11)(11)
Segment EBITDA1,690 1,690 1,653 1,653 1,540 1,540 
Adjustments and reconciling items:
Depreciation and amortization(762)(697)(664)
Corporate and other expenses(123)(132)(107)
Net gain on property insurance settlements70 3 6 
Interest income54 75 30 
Interest expense(215)(191)(156)
Other gains— 71 17 
Equity in earnings of affiliates7 6 3 
Provision for income taxes(14)(36)(26)
Consolidated Net Income$707 $752 $643 
Capital Expenditures
$548 $548 $646 $646 $504 $504 
_____________
(1)Other segment items consist of gain on business interruption proceeds. This amount, combined with net gain on property insurance settlements, make up the amount of net gain on insurance settlements on our consolidated statements of operations.