CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUES
Total revenues	$ 1,544,165	$ 1,401,949	$ 1,069,298
OPERATING EXPENSES
Selling, general and administrative	216,081	167,697	145,623
Business combination, diligence and transition costs	55,778	39,578	0
Depreciation and amortization	39,659	30,425	24,773
Total operating expenses	1,165,401	939,597	640,096
Impairment of long-lived assets	(3,736)	0	(282)
Gain on sale of business and assets, net	0	16,249	13
Operating income	375,028	478,601	428,933
OTHER EXPENSES AND INCOME, NET
Interest expense	63,780	43,797	46,680
Interest income	(7,764)	(7,288)	(4,981)
Gain on extinguishment of debt	(4,416)	0	0
Other (gain) loss	(10,649)	7,018	(5,134)
Equity in net (gain) loss of affiliates	(2,879)	(1,732)	15,876
Total other expenses and income, net	38,072	41,795	52,441
Income before income taxes	336,956	436,806	376,492
Income tax expense	78,449	104,654	87,535
Net income	$ 258,507	$ 332,152	$ 288,957
Basic earnings per share (in dollars per share)	$ 5.11	$ 6.05	$ 5.20
Diluted earnings per share (in dollars per share)	$ 5.07	$ 5.99	$ 5.15
Royalty, licensing and management fees
REVENUES
Total revenues	$ 513,412	$ 471,759	$ 397,218
Initial franchise fees
REVENUES
Total revenues	27,787	28,074	26,342
Platform and procurement services fees
REVENUES
Total revenues	75,114	63,800	50,393
Owned hotels
REVENUES
Total revenues	97,641	70,826	37,833
OPERATING EXPENSES
Operating expenses	71,474	48,837	24,754
Other
REVENUES
Total revenues	46,051	64,740	28,669
Other revenues from franchised and managed properties
REVENUES
Total revenues	784,160	702,750	528,843
OPERATING EXPENSES
Operating expenses	$ 782,409	$ 653,060	$ 444,946