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Reportable Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information for Company's Franchising Segment | The following tables presents the financial information for the Company's segments:
| For the Year Ended December 31, 2024
(in thousands) | Hotel Franchising & Management |  | Corporate & Other |  | Intersegment Eliminations |  | Consolidated
Revenues | $ | 1,470,592 |  |  | $ | 126,450 |  |  | $ | (12,203) |  |  | $ | 1,584,839 |
Other Segment Items (1) | 866,514 |  |  | 223,473 |  |  | (12,203) |  |  | 1,077,784 |
Depreciation and amortization | 19,779 |  |  | 23,503 |  |  | — |  |  | 43,282 |
Operating income (loss) | 584,299 |  |  | (120,526) |  |  | — |  |  | 463,773 |
Reconciliation of segment profit or loss: |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  | 87,131 |
Interest income |  |  |  |  |  |  | (8,646) |
Loss on extinguishment of debt |  |  |  |  |  |  | 331 |
Other loss |  |  |  |  |  |  | 1,641 |
Equity in net gain of affiliates |  |  |  |  |  |  | (12,329) |
Income before income taxes |  |  |  |  |  |  | $ | 395,645 |
| For the Year Ended December 31, 2023
(in thousands) | Hotel Franchising & Management |  | Corporate & Other |  | Intersegment Eliminations |  | Consolidated
Revenues | $ | 1,444,394 |  |  | $ | 110,854 |  |  | $ | (11,083) |  |  | $ | 1,544,165 |
Other Segment Items (1) | 916,680 |  |  | 223,881 |  |  | (11,083) |  |  | 1,129,478 |
Depreciation and amortization | 19,183 |  |  | 20,476 |  |  | — |  |  | 39,659 |
Operating income (loss) | 508,531 |  |  | (133,503) |  |  | — |  |  | 375,028 |
Reconciliation of segment profit or loss: |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  | 63,780 |
Interest income |  |  |  |  |  |  | (7,764) |
Gain on extinguishment of debt |  |  |  |  |  |  | (4,416) |
Other gain |  |  |  |  |  |  | (10,649) |
Equity in net gain of affiliates |  |  |  |  |  |  | (2,879) |
Income before income taxes |  |  |  |  |  |  | $ | 336,956 |
| For the Year Ended December 31, 2022
(in thousands) | Hotel Franchising & Management |  | Corporate & Other |  | Intersegment Eliminations |  | Consolidated
Revenues | $ | 1,298,521 |  |  | $ | 108,879 |  |  | $ | (5,451) |  |  | $ | 1,401,949 |
Other Segment Items (1) | 732,681 |  |  | 165,693 |  |  | (5,451) |  |  | 892,923 |
Depreciation and amortization | 12,935 |  |  | 17,490 |  |  | — |  |  | 30,425 |
Operating income (loss) | 552,905 |  |  | (74,304) |  |  | — |  |  | 478,601 |
Reconciliation of segment profit or loss: |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  | 43,797 |
Interest income |  |  |  |  |  |  | (7,288) |
Loss (gain) on extinguishment of debt |  |  |  |  |  |  | — |
Other loss |  |  |  |  |  |  | 7,018 |
Equity in net gain of affiliates |  |  |  |  |  |  | (1,732) |
Income before income taxes |  |  |  |  |  |  | $ | 436,806 |
(1) Other segment items for the reportable segment include selling, general and administrative expenses and other expenses from franchised and managed properties.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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