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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
Total revenues $ 426,443 $ 435,156 $ 759,303 $ 767,105
OPERATING EXPENSES        
Selling, general and administrative 89,298 88,729 163,508 160,998
Business combination, diligence and transition costs 347 895 446 16,739
Depreciation and amortization 13,424 12,837 27,172 25,652
Total operating expenses 301,846 302,534 554,774 574,334
Operating income 124,597 132,622 204,529 192,771
OTHER EXPENSES AND INCOME, NET        
Interest expense 22,736 23,845 43,978 44,026
Interest income (1,456) (2,415) (3,015) (4,146)
Other (gain) loss (5,374) 2,544 (4,938) 3,880
Equity in net loss (gain) of affiliates 80 (7,933) 131 (7,778)
Total other expenses and income, net 15,986 16,041 36,156 35,982
Income before income taxes 108,611 116,581 168,373 156,789
Income tax expense 26,877 29,445 42,105 38,644
Net income $ 81,734 $ 87,136 $ 126,268 $ 118,145
Basic earnings per share (in usd per share) $ 1.76 $ 1.82 $ 2.71 $ 2.42
Diluted earnings per share (in usd per share) 1.75 1.80 2.68 2.41
Cash dividends declared per share (in usd per share) $ 0.2875 $ 0.2875 $ 0.5750 $ 0.5750
Franchise and management fees        
REVENUES        
Total revenues $ 177,086 $ 179,803 $ 322,154 $ 323,213
Partnership services and fees        
REVENUES        
Total revenues 27,064 27,363 52,445 47,207
Owned hotels        
REVENUES        
Total revenues 30,228 28,418 58,088 53,409
OPERATING EXPENSES        
Operating expenses 22,419 20,704 43,479 40,027
Other        
REVENUES        
Total revenues 24,716 23,307 35,843 38,024
Revenue for reimbursable costs from franchised and managed properties        
REVENUES        
Total revenues 167,349 176,265 290,773 305,252
OPERATING EXPENSES        
Operating expenses $ 176,358 $ 179,369 $ 320,169 $ 330,918