Revenue (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Contract with Customer, Liability

Significant changes in the contract liabilities balances during the period December 31, 2022 to June 30, 2023 are as follows:

(in thousands)
Balance as of December 31, 2022	$	209,359
Increases to the contract liability balance due to cash received	60,029
Revenue recognized in the period	(61,597)
Balance as of June 30, 2023	$	207,791

Schedule of Disaggregation of Revenue

Disaggregation of Revenue

	Three Months Ended						Three Months Ended
	June 30, 2023						June 30, 2022
(in thousands)	Over time		Point in time		Total		Over time		Point in time		Total
Royalty, licensing and management fees	$	136,654	$	3,845	$	140,499	$	121,449	$	—	$	121,449
Initial franchise fees	7,164		—		7,164		6,222		—		6,222
Platform and procurement services fees	27,997		804		28,801		20,744		1,059		21,803
Owned hotels	19,155		6,349		25,504		14,803		2,388		17,191
Other	11,148		—		11,148		11,927		—		11,927
Other revenues from franchised and managed properties	189,853		24,451		214,304		148,126		41,256		189,382
Total revenues	$	391,971	$	35,449	$	427,420	$	323,271	$	44,703	$	367,974
	Six Months Ended						Six Months Ended
	June 30, 2023						June 30, 2022
(in thousands)	Over time		Point in time		Total		Over time		Point in time		Total
Royalty, licensing and management fees	$	243,502	$	4,489	$	247,991	$	212,188	$	—	$	212,188
Initial franchise fees	15,046		—		15,046		14,624		—		14,624
Platform and procurement services fees	41,237		1,407		42,644		31,876		1,610		33,486
Owned hotels	36,047		11,789		47,836		24,843		4,385		29,228
Other	21,775		—		21,775		20,156		—		20,156
Other revenues from franchised and managed properties	345,934		38,986		384,920		260,382		55,637		316,019
Total revenues	$	703,541	$	56,671	$	760,212	$	564,069	$	61,632	$	625,701