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v3.24.0.1

Deferred Revenue | 12 Months Ended
--- | ---
Dec. 31, 2023
Deferred Revenue and Credits [Abstract] |
Deferred Revenue | Deferred Revenue Deferred revenue consisted of the following:
| December 31,
(in thousands) | 2023 |  | 2022
Initial franchise fees | $ | 128,935 |  |  | $ | 123,790 |
Loyalty programs | 98,225 |  |  | 93,419 |
System implementation fees | 3,912 |  |  | 4,675 |
Procurement services fees | 7,963 |  |  | 2,568 |
Other | 2,782 |  |  | 2,392 |
Total deferred revenue | $ | 241,817 |  |  | $ | 226,844 |
Current portion | $ | 108,316 |  |  | $ | 92,695 |
Long-term portion | $ | 133,501 |  |  | $ | 134,149 |
Refer to Note 2 for the revenue recognition policies resulting in the deferral of revenue, including loyalty programs and the relationship between the loyalty programs deferred revenue and the liability for the guest loyalty programs.

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