Revenue (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Contract with Customer, Liability

The following table summarizes the significant changes in the contract liabilities balances during the period from December 31, 2022 to September 30, 2023:

(in thousands)
Balance as of December 31, 2022	$	209,359
Increases to the contract liability balance due to cash received	105,305
Revenue recognized in the period	(99,475)
Balance as of September 30, 2023	$	215,189

Schedule of Disaggregation of Revenue

Disaggregation of Revenue

	Three Months Ended						Three Months Ended
	September 30, 2023						September 30, 2022
(in thousands)	Over time		Point in time		Total		Over time		Point in time		Total
Royalty, licensing and management fees	$	145,830	$	2,682	$	148,512	$	143,987	$	33	$	144,020
Initial franchise fees	6,194		—		6,194		7,011		—		7,011
Platform and procurement services fees	14,874		668		15,542		13,628		773		14,401
Owned hotels	19,497		6,742		26,239		14,877		5,115		19,992
Other	11,436		—		11,436		31,432		—		31,432
Other revenues from franchised and managed properties	200,399		17,235		217,634		178,349		19,061		197,410
Total revenues	$	398,230	$	27,327	$	425,557	$	389,284	$	24,982	$	414,266
	Nine Months Ended						Nine Months Ended
	September 30, 2023						September 30, 2022
(in thousands)	Over time		Point in time		Total		Over time		Point in time		Total
Royalty, licensing and management fees	$	389,332	$	7,171	$	396,503	$	356,175	$	33	$	356,208
Initial franchise fees	21,240		—		21,240		21,635		—		21,635
Platform and procurement services fees	56,112		2,074		58,186		45,503		2,384		47,887
Owned hotels	55,544		18,531		74,075		39,720		9,500		49,220
Other	33,211		—		33,211		51,588		—		51,588
Other revenues from franchised and managed properties	546,332		56,222		602,554		438,734		74,695		513,429
Total revenues	$	1,101,771	$	83,998	$	1,185,769	$	953,355	$	86,612	$	1,039,967