XML 37 R20.htm IDEA: XBRL DOCUMENT 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)20242023
Initial franchise fees$111,240 $128,935 
Loyalty program110,371 98,225 
System implementation fees3,601 3,912 
Procurement services fees3,882 7,963 
Other5,279 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.