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Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Financial Information for Company's Franchising Segment

The following tables present the financial information for the Company's segments:

			Three Months Ended March 31, 2025
(in thousands)			Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated
Revenues			$	303,184					$	32,904					$	(3,228)					$	332,860
Other segment items (1)			192,425						49,983						(3,228)						239,180
Depreciation and amortization			7,374						6,374						—						13,748
Operating income (loss)			103,385						(23,453)						—						79,932
Reconciliation of segment profit or loss:
Interest expense																					21,242
Interest income																					(1,559)
Other loss																					436
Equity in net loss of affiliates																					51
Income before income taxes																					$	59,762
			Three Months Ended March 31, 2024
(in thousands)			Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated
Revenues			$	299,359					$	35,137					$	(2,547)					$	331,949
Other segment items (1)			198,373						63,159						(2,547)						258,985
Depreciation and amortization			6,138						6,677						—						12,815
Operating income (loss)			94,848						(34,699)						—						60,149
Reconciliation of segment profit or loss:
Interest expense																					20,181
Interest income																					(1,731)
Other loss																					1,336
Equity in net loss of affiliates																					155
Income before income taxes																					$	40,208
(1) Other segment items for the reportable segment include selling, general and administrative expenses and reimbursable 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.

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