Consolidated Statements Of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUES:
Royalty fees	$ 89,929	$ 86,091	$ 233,543	$ 222,301
Initial franchise and relicensing fees	6,170	4,299	17,703	12,761
Procurement services	6,271	5,495	19,667	18,293
Marketing and reservation	134,463	115,653	366,298	309,025
Other	4,693	3,630	11,716	10,188
Total revenues	241,526	215,168	648,927	572,568
OPERATING EXPENSES:
Selling, general and administrative	30,152	30,236	95,712	88,329
Depreciation and amortization	3,108	2,293	8,793	6,903
Marketing and reservation	134,463	115,653	366,298	309,025
Total operating expenses	167,723	148,182	470,803	404,257
Operating income	73,803	66,986	178,124	168,311
OTHER INCOME AND EXPENSES, NET:
Interest expense	10,821	10,495	32,057	31,376
Interest income	(359)	(355)	(982)	(1,205)
Other (gains) and losses	1,402	375	(239)	(158)
Equity in net (income) loss of affiliates	(329)	513	1,107	578
Total other income and expenses, net	11,535	11,028	31,943	30,591
Income from continuing operations before income taxes	62,268	55,958	146,181	137,720
Income taxes	20,849	16,542	47,355	41,556
Income from continuing operations, net of income taxes	41,419	39,416	98,826	96,164
Income (loss) from discontinued operations, net of income taxes	0	(51)	0	1,711
Net income	$ 41,419	$ 39,365	$ 98,826	$ 97,875
Basic earnings per share
Continuing operations (in dollars per share)	$ 0.72	$ 0.67	$ 1.72	$ 1.65
Discontinued operations (in dollars per share)	0.00	0.00	0.00	0.03
Basic earnings per share (in dollars per share)	0.72	0.67	1.72	1.68
Diluted earnings per share
Continuing operations (in dollars per share)	0.72	0.67	1.71	1.63
Discontinued operations (in dollars per share)	0.00	0.00	0.00	0.03
Diluted earnings per share (in dollars per share)	0.72	0.67	1.71	1.66
Cash dividends declared per share (in dollars per share)	$ 0.195	$ 0.185	$ 0.585	$ 0.555