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Reportable Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2025																								Three Months Ended September 30, 2024
(in thousands)			Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated						Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated
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 amortization			8,723						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 expense																					23,490																								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 affiliates																					10,904																								(1,310)
Income before income taxes																					$	210,916																							$	137,148
			Nine Months Ended September 30, 2025																								Nine Months Ended September 30, 2024
(in thousands)			Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated						Hotel Franchising & Management						Corporate & Other						Intersegment Eliminations						Consolidated
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 amortization			23,424						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 expense																					67,468																								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 affiliates																					11,035																								(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.

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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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- References

No definition available.

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