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Reportable Segment Information (Tables)

12 Months Ended

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

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X

- References

No definition available.

+ Details

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