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v3.25.1

Geographic and Business Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Summary of Revenues and Long-Lived Assets by Geographical Area | The following table presents total revenues and property and equipment, net, for each of the geographical areas in which we operate (in millions):
| Total Revenues |  | Property and Equipment, net
| Quarter ended March 31, |  | March 31, 2025 |  | December 31, 2024
| 2025 |  | 2024 |  |
United States | $ | 1,576 |  |  | $ | 1,452 |  |  | $ | 10,804 |  |  | $ | 10,852 |
Brazil | 7 |  |  | 6 |  |  | 29 |  |  | 27 |
Canada | 11 |  |  | 13 |  |  | 29 |  |  | 27 |
Total | $ | 1,594 |  |  | $ | 1,471 |  |  | $ | 10,862 |  |  | $ | 10,906 |
Schedule of Segment Reporting Information, by Segment | The following table presents revenues, significant expenses, and EBITDA for our reportable segment (in millions):
|  | Quarter ended March 31, 2025 |  | Quarter ended March 31, 2024
|  | Hotel Ownership |  | Total |  | Hotel Ownership |  | Total
Revenues |  |  |  |  |  |  |  |
Rooms |  | $ | 938 |  |  | $ | 938 |  |  | $ | 853 |  |  | $ | 853 |
Food and beverage |  | 503 |  |  | 503 |  |  | 473 |  |  | 473 |
Other |  | 153 |  |  | 153 |  |  | 145 |  |  | 145 |
Total revenues |  | 1,594 |  |  | 1,594 |  |  | 1,471 |  |  | 1,471 |
Expenses |  |  |  |  |  |  |  |
Rooms |  | 225 |  |  | 225 |  |  | 202 |  |  | 202 |
Food and beverage |  | 323 |  |  | 323 |  |  | 295 |  |  | 295 |
Other departmental and support expenses |  | 364 |  |  | 364 |  |  | 334 |  |  | 334 |
Management fees |  | 69 |  |  | 69 |  |  | 69 |  |  | 69 |
Other property-level expenses |  | 111 |  |  | 111 |  |  | 104 |  |  | 104 |
Other segment items (1) |  | (10) |  |  | (10) |  |  | (10) |  |  | (10) |
Segment EBITDA |  | 512 |  |  | 512 |  |  | 477 |  |  | 477 |
Adjustments and reconciling items: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  | (196) |  |  |  |  | (180) |
Corporate and other expenses |  |  |  | (31) |  |  |  |  | (27) |
Net gain on property insurance settlements |  |  |  | — |  |  |  |  | 21 |
Interest income |  |  |  | 8 |  |  |  |  | 18 |
Interest expense |  |  |  | (57) |  |  |  |  | (47) |
Other gains |  |  |  | 4 |  |  |  |  | — |
Equity in earnings of affiliates |  |  |  | 10 |  |  |  |  | 8 |
Benefit for income taxes |  |  |  | 1 |  |  |  |  | 2 |
Consolidated Net Income |  |  |  | $ | 251 |  |  |  |  | $ | 272 |
Capital Expenditures |  | $ | 146 |  |  | $ | 146 |  |  | $ | 103 |  |  | $ | 103 |
_____________ (1)Other segment items consist of gain on business interruption proceeds for the first quarters of 2025 and 2024. This amount, combined with net gain on property insurance settlements, make up the amount of net gain on insurance settlements on our unaudited condensed consolidated statements of operations.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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