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Reportable Segment Information
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Reportable Segment Information
Reportable Segment Information

Hotel Franchising: Hotel Franchising includes the Company's hotel franchising operations consisting of its thirteen brands. The thirteen brands are aggregated within this segment considering their similar economic characteristics, types of customers, distribution channels and regulatory business environments. Revenues from the hotel franchising business include royalty fees, initial franchise and relicensing fees, marketing and reservation system fees, procurement services revenue and other hotel franchising related revenue. The Company is obligated under its hotel franchise agreements to provide marketing and reservation services appropriate for the operation of its systems. These services do not represent separate reportable segments as their operations are directly related to the Company's hotel franchising business. The revenues received from franchisees that are used to pay for part of the Company's ongoing operations are included in hotel franchising revenues and are offset by the related expenses paid for marketing and reservation activities to calculate hotel franchising operating income.
The Company evaluates its hotel franchising segment based primarily on the results of the segment without allocating corporate expenses, income taxes or indirect general and administrative expenses, which are included in the Corporate & Other column. Corporate & Other revenues include rental income related to an office building owned by the Company, as well as revenues related to the Company's vacation rental activities and its SaaS technology solutions divisions which provide cloud-based property management software to non-franchised hoteliers and vacation rental management companies. Equity in earnings or losses from hotel franchising related joint ventures is allocated to the Company's hotel franchising segment. The Company does not allocate interest expense, interest income, other gains and losses or income taxes to its segments.
The following table presents the financial information for the Company's segments:
 
Three Months Ended June 30, 2019
 
Three Months Ended June 30, 2018
(In thousands)
Hotel Franchising
 
Corporate &
Other
 
Consolidated
 
Hotel Franchising
 
Corporate &
Other
 
Consolidated
Revenues
$
313,629

 
$
4,055

 
$
317,684

 
$
292,186

 
$
3,255

 
$
295,441

Operating income (loss)
$
119,336

 
$
(16,799
)
 
$
102,537

 
$
122,665

 
$
(13,649
)
 
$
109,016

Income (loss) before income taxes
$
118,354

 
$
(24,200
)
 
$
94,154

 
$
123,233

 
$
(23,209
)
 
$
100,024

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2019
 
Six Months Ended June 30, 2018
(In thousands)
Hotel Franchising
 
Corporate &
Other
 
Consolidated
 
Hotel Franchising
 
Corporate &
Other
 
Consolidated
Revenues
$
528,621

 
$
7,383

 
$
536,004

 
$
497,808

 
$
7,027

 
$
504,835

Operating income (loss)
$
189,793

 
$
(42,206
)
 
$
147,587

 
$
182,023

 
$
(26,758
)
 
$
155,265

Income (loss) before income taxes
$
186,641

 
$
(56,008
)
 
$
130,633

 
$
176,622

 
$
(46,137
)
 
$
130,485