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Reportable Segments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2025																								Three Months Ended June 30, 2024
(in thousands)			Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated						Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated
Revenues			$	396,841					$	32,724					$	(3,122)					$	426,443					$	414,019					$	24,198					$	(3,061)					$	435,156
Other segment items (1)			231,648						59,896						(3,122)						288,422						242,429						50,329						(3,061)						289,697
Depreciation and amortization			7,327						6,097						—						13,424						6,347						6,490						—						12,837
Operating income (loss)			157,866						(33,269)						—						124,597						165,243						(32,621)						—						132,622
Reconciliation of segment profit or loss:
Interest expense																					22,736																								23,845
Interest income																					(1,456)																								(2,415)
Other (gain) loss																					(5,374)																								2,544
Equity in net loss (gain) of affiliates																					80																								(7,933)
Income before income taxes																					$	108,611																							$	116,581
			Six Months Ended June 30, 2025																								Six Months Ended June 30, 2024
(in thousands)			Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated						Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated
Revenues			$	700,025					$	65,628					$	(6,350)					$	759,303					$	713,378					$	59,335					$	(5,608)					$	767,105
Other segment items (1)			424,073						109,879						(6,350)						527,602						440,802						113,488						(5,608)						548,682
Depreciation and amortization			14,701						12,471						—						27,172						12,485						13,167						—						25,652
Operating income (loss)			261,251						(56,722)						—						204,529						260,091						(67,320)						—						192,771
Reconciliation of segment profit or loss:
Interest expense																					43,978																								44,026
Interest income																					(3,015)																								(4,146)
Other (gain) loss																					(4,938)																								3,880
Equity in net loss (gain) of affiliates																					131																								(7,778)
Income before income taxes																					$	168,373																							$	156,789
(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.

+ Details

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