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v3.25.0.1

Deferred Revenue | 12 Months Ended
--- | ---
Dec. 31, 2024
Deferred Revenue and Credits [Abstract] |
Deferred Revenue | Deferred Revenue Deferred revenue consisted of the following:
| December 31,
(in thousands) | 2024 |  | 2023
Initial franchise fees | $ | 111,240 |  |  | $ | 128,935 |
Loyalty program | 110,371 |  |  | 98,225 |
System implementation fees | 3,601 |  |  | 3,912 |
Procurement services fees | 3,882 |  |  | 7,963 |
Other | 5,279 |  |  | 2,782 |
Total deferred revenue | $ | 234,373 |  |  | $ | 241,817 |
Current portion | $ | 102,114 |  |  | $ | 108,316 |
Long-term portion | $ | 132,259 |  |  | $ | 133,501 |
Refer to Note 2 for the revenue recognition policies resulting in the deferral of revenue, including the relationship between the loyalty program deferred revenue and the liability for the guest loyalty program.

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