Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
REVENUES:
Royalty fees	$ 287,538		$ 267,812		$ 261,680
Initial franchise and relicensing fees	19,481		18,686		14,203
Procurement services	23,819		20,668		17,962
Marketing and reservation	412,619		407,633		389,678
Other	14,513		9,851		9,205
Total revenues	757,970		724,650		692,728
OPERATING EXPENSES:
Selling, general and administrative	121,418		111,713		101,879
Depreciation and amortization	9,365		9,056		7,691
Marketing and reservation	412,619		407,633		389,678
Total operating expenses	543,402		528,402		499,248
Operating income	214,568		196,248		193,480
OTHER INCOME AND EXPENSES:
Interest expense	41,486		42,537		27,189
Interest income	(1,761)		(2,547)		(1,540)
Loss on extinguishment of debt	0		0		526
Other (gains) losses	427		(1,780)		(1,989)
Equity in net (income) loss of affiliates	658		(634)		(212)
Other income and expenses, net	40,810		37,576		23,974
Income from continuing operations before income taxes	173,758		158,672		169,506
Income taxes	52,285		45,322		48,228
Income from continuing operations, net of income taxes	121,473		113,350		121,278
Income from discontinued operations, net of income taxes	1,687		359		335
Net income	$ 123,160		$ 113,709		$ 121,613
Basic earnings per share:
Basic earnings per share, Continuing operations (in dollars per share)	$ 2.08	[1]	$ 1.94	[1]	$ 2.09
Basic earnings per share, Discontinued operations (in dollars per share)	$ 0.03	[1]	$ 0.00	[1]	$ 0.00
Basic earnings per share (in dollars per share)	$ 2.11		$ 1.94		$ 2.09
Diluted earnings per share:
Diluted earnings per share, Continuing operations (in dollars per share)	$ 2.07	[1]	$ 1.92	[1]	$ 2.08
Diluted earnings per share, Discontinued Operations (in dollars per share)	$ 0.03	[1]	$ 0.01	[1]	$ 0.01
Diluted earnings per share (in dollars per share)	$ 2.10		$ 1.93		$ 2.09

[1] The sum of the earnings per share for the four quarters may differ from annual earnings per share due to the required method of computing the weighted average shares in interim periods.