v3.26.1
Reportable Segments (Tables)
 6 Months Ended
Jun. 30, 2026
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, 2026Three Months Ended June 30, 2025
(in thousands)Hotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidatedHotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidated
Revenues$407,664 $36,735 $(3,637)$440,762 $396,841 $32,724 $(3,122)$426,443 
Other segment items (1)
255,396 68,052 (3,637)319,811 231,648 59,896 (3,122)288,422 
Depreciation and amortization9,467 7,346 — 16,813 7,327 6,097 — 13,424 
Operating income (loss)142,801 (38,663)— 104,138 157,866 (33,269)— 124,597 
Reconciliation of segment profit or loss:
Interest expense24,259 22,736 
Interest income(1,095)(1,456)
Other gains, net(6,124)(5,374)
Equity in net loss of affiliates1,216 80 
Income before income taxes$85,882 $108,611 
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
(in thousands)Hotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidatedHotel Franchising & ManagementCorporate &
Other		Intersegment EliminationsConsolidated
Revenues$717,208 $71,276 $(7,147)$781,337 $700,025 $65,628 $(6,350)$759,303 
Other segment items (1)
468,485 122,193 (7,147)583,531 424,073 109,879 (6,350)527,602 
Depreciation and amortization19,107 14,527 — 33,634 14,701 12,471 — 27,172 
Operating income (loss)229,616 (65,444)— 164,172 261,251 (56,722)— 204,529 
Reconciliation of segment profit or loss:
Interest expense48,221 43,978 
Interest income(2,306)(3,015)
Other gains, net(5,403)(4,938)
Equity in net loss of affiliates7,468 131 
Income before income taxes$116,192 $168,373 
(1) Other segment items for the reportable segment include selling, general and administrative expenses and reimbursable expenses from franchised and managed properties.