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Reportable Segments
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
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, partnership services and fees, 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 revenue per available room ("RevPar"), occupancy, and average daily room rate ("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 present the financial information for the Company's segments:
 Three Months Ended September 30, 2025Three Months Ended September 30, 2024
(in thousands)Hotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidatedHotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidated
Revenues$413,237 $37,611 $(3,508)$447,340 $395,795 $35,385 $(3,216)$427,964 
Other segment items (1)
211,307 81,365 (3,508)289,164 215,523 50,981 (3,216)263,288 
Depreciation and amortization8,723 7,037 — 15,760 6,670 6,223 — 12,893 
Operating income (loss)193,207 (50,791)— 142,416 173,602 (21,819)— 151,783 
Reconciliation of segment profit or loss:
Interest expense23,490 22,038 
Interest income(1,435)(2,411)
Gain from an acquisition of a joint venture(100,025)— 
Gain on sale of assets(713)— 
Loss on extinguishment of debt— 331 
Other gains, net(721)(4,013)
Equity in net loss (gain) of affiliates10,904 (1,310)
Income before income taxes$210,916 $137,148 
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
(in thousands)Hotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidatedHotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidated
Revenues$1,113,262 $103,239 $(9,858)$1,206,643 $1,109,173 $94,720 $(8,824)$1,195,069 
Other segment items (1)
635,380 191,244 (9,858)816,766 656,325 164,469 (8,824)811,970 
Depreciation and amortization23,424 19,508 — 42,932 19,155 19,390 — 38,545 
Operating income (loss)454,458 (107,513)— 346,945 433,693 (89,139)— 344,554 
Reconciliation of segment profit or loss:
Interest expense67,468 66,064 
Interest income(4,450)(6,557)
Gain from an acquisition of a joint venture(100,025)— 
Gain on sale of assets(713)— 
Loss on extinguishment of debt— 331 
Other gains, net(5,659)(133)
Equity in net loss (gain) of affiliates11,035 (9,088)
Income before income taxes$379,289 $293,937 
(1) Other segment items for the reportable segment include selling, general and administrative expenses and reimbursable expenses from franchised and managed properties.