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Reportable Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Reportable Segment Information Reportable Segment Information
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 operating income of the segment without allocating corporate expenses or indirect general and administrative expenses. The Corporate & Other column includes 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 (CODM), utilizes budgeted and forecasted financial information as well as industry metrics, such as RevPar, Occupancy, and ADR, to assess the performance and to make resource allocation decisions. The CODM 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 presents the financial information for the Company's segments:
 For the Year Ended December 31, 2024
(in thousands)Hotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidated
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 amortization19,779 23,503 — 43,282 
Operating income (loss)584,299 (120,526)— 463,773 
Reconciliation of segment profit or loss:
Interest expense87,131 
Interest income(8,646)
Loss on extinguishment of debt331 
Other loss1,641 
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 & ManagementCorporate &
Other		Intersegment EliminationsConsolidated
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 amortization19,183 20,476 — 39,659 
Operating income (loss)508,531 (133,503)— 375,028 
Reconciliation of segment profit or loss:
Interest expense63,780 
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 & ManagementCorporate &
Other		Intersegment EliminationsConsolidated
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 amortization12,935 17,490 — 30,425 
Operating income (loss)552,905 (74,304)— 478,601 
Reconciliation of segment profit or loss:
Interest expense43,797 
Interest income(7,288)
Loss (gain) on extinguishment of debt— 
Other loss7,018 
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.
The results of the Company's international operations are included in the Hotel Franchising & Management reportable segment and Corporate & Other. For the years ended December 31, 2024, 2023, and 2022, the revenues generated by the international operations, including royalty fees, cost reimbursable revenues, and other revenues, were $102.7 million, $103.2 million, and $70.2 million, respectively.