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Revenue
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Substantially all our operating results represent revenues and expenses generated by property-level operations. Payments are due from customers when services are provided to them. Due to the short-term nature of our contracts and the almost concurrent receipt of payment, we have no material unearned revenue at quarter end. We collect sales, use, occupancy and similar taxes from our customers, which we present on a net basis (excluded from revenues) on our statements of operations.
Disaggregation of Revenues. While we do not consider the following disclosure of hotel revenues by location to consist of reportable segments, we have disaggregated hotel revenues by market location. Our revenues also are presented by country in Note 10 – Geographic and Business Segment Information.
By Location. The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions):
Quarter ended September 30,Year-to-date ended September 30,
Location2025202420252024
San Diego$124 $138 $387 $408 
Orlando95 96 372 354 
New York122 110 350 285 
Florida Gulf Coast63 69 339 357 
Maui98 83 314 277 
San Francisco/San Jose93 85 301 279 
Phoenix59 53 275 268 
Washington, D.C. (Central Business District)65 79 253 265 
Miami42 41 202 186 
Oahu51 31 150 50 
Boston42 44 118 120 
Jacksonville34 33 112 107 
Chicago46 44 110 107 
Houston30 34 108 112 
Los Angeles/Orange County35 37 105 103 
Nashville29 29 92 58 
San Antonio26 25 91 89 
Seattle36 36 87 86 
New Orleans18 22 78 80 
Denver29 31 76 79 
Northern Virginia22 23 71 72 
Philadelphia23 23 66 64 
Atlanta16 13 54 46 
Austin12 16 49 62 
Other93 99 276 269 
Domestic1,303 1,294 4,436 4,183 
International28 25 75 73 
Total $1,331 $1,319 $4,511 $4,256