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v3.23.2

Revenue (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Contract with Customer, Liability | Significant changes in the contract liabilities balances during the period December 31, 2022 to June 30, 2023 are as follows:
(in thousands) |
Balance as of December 31, 2022 | $ | 209,359 |
Increases to the contract liability balance due to cash received | 60,029 |
Revenue recognized in the period | (61,597) |
Balance as of June 30, 2023 | $ | 207,791 |
Schedule of Disaggregation of Revenue | Disaggregation of Revenue
| Three Months Ended |  | Three Months Ended
| June 30, 2023 |  | June 30, 2022
(in thousands) | Over time |  | Point in time |  | Total |  | Over time |  | Point in time |  | Total
Royalty, licensing and management fees | $ | 136,654 |  |  | $ | 3,845 |  |  | $ | 140,499 |  |  | $ | 121,449 |  |  | $ | — |  |  | $ | 121,449 |
Initial franchise fees | 7,164 |  |  | — |  |  | 7,164 |  |  | 6,222 |  |  | — |  |  | 6,222 |
Platform and procurement services fees | 27,997 |  |  | 804 |  |  | 28,801 |  |  | 20,744 |  |  | 1,059 |  |  | 21,803 |
Owned hotels | 19,155 |  |  | 6,349 |  |  | 25,504 |  |  | 14,803 |  |  | 2,388 |  |  | 17,191 |
Other | 11,148 |  |  | — |  |  | 11,148 |  |  | 11,927 |  |  | — |  |  | 11,927 |
Other revenues from franchised and managed properties | 189,853 |  |  | 24,451 |  |  | 214,304 |  |  | 148,126 |  |  | 41,256 |  |  | 189,382 |
Total revenues | $ | 391,971 |  |  | $ | 35,449 |  |  | $ | 427,420 |  |  | $ | 323,271 |  |  | $ | 44,703 |  |  | $ | 367,974 |
| Six Months Ended |  | Six Months Ended
| June 30, 2023 |  | June 30, 2022
(in thousands) | Over time |  | Point in time |  | Total |  | Over time |  | Point in time |  | Total
Royalty, licensing and management fees | $ | 243,502 |  |  | $ | 4,489 |  |  | $ | 247,991 |  |  | $ | 212,188 |  |  | $ | — |  |  | $ | 212,188 |
Initial franchise fees | 15,046 |  |  | — |  |  | 15,046 |  |  | 14,624 |  |  | — |  |  | 14,624 |
Platform and procurement services fees | 41,237 |  |  | 1,407 |  |  | 42,644 |  |  | 31,876 |  |  | 1,610 |  |  | 33,486 |
Owned hotels | 36,047 |  |  | 11,789 |  |  | 47,836 |  |  | 24,843 |  |  | 4,385 |  |  | 29,228 |
Other | 21,775 |  |  | — |  |  | 21,775 |  |  | 20,156 |  |  | — |  |  | 20,156 |
Other revenues from franchised and managed properties | 345,934 |  |  | 38,986 |  |  | 384,920 |  |  | 260,382 |  |  | 55,637 |  |  | 316,019 |
Total revenues | $ | 703,541 |  |  | $ | 56,671 |  |  | $ | 760,212 |  |  | $ | 564,069 |  |  | $ | 61,632 |  |  | $ | 625,701 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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- References No definition available. + Details
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