CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 229,554	$ 276,639
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	29,468	20,436
Depreciation and amortization – marketing and reservation system	27,544	23,237
Gain on sale of business and assets, net	0	(16,688)
Franchise agreement acquisition cost amortization	14,616	11,558
Non-cash share-based compensation and other charges	34,670	28,621
Non-cash interest, investment, and affiliate (income) loss, net	(1,709)	9,135
Deferred income taxes	(4,315)	(22,402)
Equity in net (gain) loss of affiliates, less distributions received	(621)	2,451
Franchise agreement acquisition costs, net of reimbursements	(72,867)	(32,947)
Change in working capital and other	(9,150)	(34,838)
Net cash provided by operating activities	247,190	265,202
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in property and equipment	(81,403)	(66,084)
Investments in intangible assets	(1,893)	(3,247)
Asset acquisitions, net of cash paid	0	(856)
Proceeds from the sale of assets and business	0	140,554
Proceeds from the termination of intangible assets	0	5,698
Business acquisitions, net of cash acquired	0	(550,431)
Contributions to investments in affiliates	(24,573)	(4,264)
Proceeds from the sale of affiliates	868	0
Purchases of investments for employee benefit plans	(3,678)	(3,719)
Proceeds from sales of investments for employee benefit plans	1,263	1,896
Issuances of notes receivable	(4,319)	(5,617)
Collections of notes receivable	9,923	701
Other items, net	547	1,708
Net cash used in investing activities	(103,265)	(483,661)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments to extinguish acquired debt	0	(55,975)
Proceeds from acquired derivative	0	1,943
Net borrowings pursuant to revolving credit facilities	191,500	315,000
Principal payments on 2012 senior notes	0	(216,571)
Debt issuance costs	(755)	(24)
Purchases of treasury stock	(304,400)	(246,530)
Proceeds from the exercise of stock options	6,719	2,361
Dividends paid	(42,073)	(39,697)
Net cash used in financing activities	(149,009)	(239,493)
Net change in cash and cash equivalents	(5,084)	(457,952)
Effect of foreign exchange rate changes on cash and cash equivalents	(50)	(1,112)
Cash and cash equivalents, beginning of period	41,566	511,605
Cash and cash equivalents, end of period	36,432	52,541
Cash payments during the period for
Income taxes, net of refunds	70,614	81,479
Interest, net of capitalized interest	44,993	36,691
Non-cash investing and financing activities
Dividends declared but not paid	15,239	12,776
Investment in property, equipment and intangible assets acquired in accounts payable and accrued liabilities	8,064	5,352
Asset acquisition from extinguishment of note receivable	$ 0	$ 20,446