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Reportable Segments
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Hotel Franchising & Management reportable segment includes the Company's hotel franchising operations, which consists of its 22 brands and brand extensions and the hotel management operations of 13 hotels (inclusive of four owned hotels). The 22 brands and brand extensions and hotel management operations are aggregated together within this reportable segment because they have similar economic characteristics, types of customers, distribution channels, and regulatory business environments. The revenues from the hotel franchising and management business include royalty fees, initial franchise fees and relicensing fees, cost reimbursement revenues, platform and procurement services fees revenue, base and incentive management fees, and other hotel franchising and management-related revenue. The Company provides certain services under its franchise and management agreements which result in direct and indirect reimbursements. The cost reimbursement revenues received from the franchisees are included in Hotel Franchising & Management revenues and are offset by the related expenses in order to calculate Hotel Franchising & Management operating income. The equity in the earnings or losses from the hotel franchising-related investment in affiliates is allocated to the 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, and other gains and losses, all of which are included in the Corporate & Other column in the tables presented below. The Corporate & Other column also reflects the operations of the Company's owned hotels.
Intersegment Eliminations to revenues is the elimination of Hotel Franchising & Management revenue which includes royalty fees, management and cost reimbursement fees charged to our owned hotels against the franchise and management fee expense that is recognized by our owned hotels in Corporate & Other operating income (loss).
Our President and Chief Executive Officer, who is our chief operating decision maker, does not use assets by operating segment when assessing the performance or when 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:
 Three Months Ended June 30, 2024Three Months Ended June 30, 2023
(in thousands)Hotel
Franchising & Management		Corporate &
Other		Intersegment EliminationsConsolidatedHotel
Franchising & Management		Corporate &
Other		Intersegment EliminationsConsolidated
Revenues$414,019 $24,198 $(3,061)$435,156 $401,854 $26,568 $(1,002)$427,420 
Operating income (loss)$165,243 $(32,621)$— $132,622 $149,931 $(25,542)$— $124,389 
Income (loss) before income taxes$173,177 $(56,596)$— $116,581 $150,116 $(37,569)$— $112,547 
 Six Months Ended June 30, 2024Six Months Ended June 30, 2023
(in thousands)Hotel
Franchising & Management		Corporate &
Other		Intersegment EliminationsConsolidatedHotel
Franchising & Management		Corporate &
Other		Intersegment EliminationsConsolidated
Revenues$713,378 $59,335 $(5,608)$767,105 $710,901 $52,632 $(3,321)$760,212 
Operating income (loss)$260,091 $(67,320)$— $192,771 $255,422 $(53,182)$— $202,240 
Income (loss) before income taxes$267,870 $(111,081)$— $156,789 $255,544 $(75,502)$— $180,042