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Reportable Segments
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Hotel Franchising & Management reportable segment includes the Company's hotel franchising operations consisting of its 22 brands and brand extensions and hotel management operations of 13 Radisson Hotels Americas hotels (inclusive of 3 owned hotels). The 22 brands and brand extensions and hotel management operations are aggregated within this reportable segment considering their similar economic characteristics, types of customers, distribution channels and regulatory business environments. Revenues from the hotel franchising and management business include royalty fees, initial franchise and relicensing fees, cost reimbursement revenues, procurement services revenue, base and incentive management fees, and other hotel franchising and management related revenue. The Company provides certain services under its hotel franchise and management agreements which result in direct and indirect cost reimbursements. The cost reimbursement revenues received from franchisees are included in hotel franchising and management revenues and are offset by the related expenses to calculate hotel franchising operating income. Equity in earnings or losses from hotel franchising related investments in affiliates is allocated to the Company's Hotel Franchising & Management reportable segment.
The Company evaluates its Hotel Franchising & Management reportable segment based primarily on the results of the segment without allocating corporate expenses, indirect general and administrative expenses, interest expense, interest income, other gains and losses or income taxes, which are included in the Corporate & Other column. Corporate & Other revenues include owned hotel revenues and revenues related to the Company's SaaS technology solutions division which provide cloud-based property management software to non-franchised hoteliers.
The intersegment revenue adjustment is from the elimination of Hotel Franchising & Management revenue which include royalty, management and cost reimbursable fees charged to our owned hotels against franchise and management fee expense recognized by our owned hotels in Corporate & Other operating income (loss).
Our President and Chief Executive Officer, who is our CODM, does not use assets by operating segment when assessing performance or making operating segment resource allocation decisions and therefore assets by segment are not disclosed below.
The following tables present the financial information for the Company's segments:
 For the Year Ended December 31, 2022
(in thousands)Hotel Franchising
& Management
Corporate
& Other
Intersegment EliminationsConsolidated
Revenues$1,298,521 $108,879 $(5,451)$1,401,949 
Operating income (loss)552,905 (74,304) 478,601 
Depreciation and amortization12,935 17,490  30,425 
Income (loss) before income taxes554,637 (117,831) 436,806 
 For the Year Ended December 31, 2021
(in thousands)Hotel Franchising
& Management
Corporate
& Other
Intersegment EliminationsConsolidated
Revenues$1,026,409 $45,740 $(2,851)$1,069,298 
Operating income (loss)485,199 (56,266)— 428,933 
Depreciation and amortization8,050 16,723 — 24,773 
Income (loss) before income taxes468,894 (92,402)— 376,492 
 For the Year Ended December 31, 2020
(in thousands)Hotel Franchising
& Management
Corporate
& Other
Intersegment EliminationsConsolidated
Revenues$747,329 $28,257 $(1,514)$774,072 
Operating income (loss)191,301 (69,634)— 121,667 
Depreciation and amortization8,000 17,831 — 25,831 
Income (loss) before income taxes176,012 (123,006)— 53,006 
The results of the Company's international operations are included in the Hotel Franchising & Management reportable segment and Corporate & Other. Revenues generated by foreign operations, including royalty, cost reimbursable fees and other revenues for the years ended December 31, 2022, 2021 and 2020 were $70.2 million, $46.8 million, and $42.6 million, respectively.