Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Contract with Customer, Asset and Liability

The following table summarizes the significant changes in the contract liabilities balances during the year ended December 31, 2023:

(in thousands)
Balance as of December 31, 2022	$	209,359
Increases to the contract liability balance due to cash received	115,661
Revenue recognized in the period	(115,125)
Balance as of December 31, 2023	$	209,895

Schedule of Disaggregation of Revenue

The following table presents our revenues by over time and point in time recognition:

	Year Ended December 31, 2023
(in thousands)	Over time		Point in time		Total
Royalty, licensing and management fees	$	502,164	$	11,248	$	513,412
Initial franchise fees	27,787		—		27,787
Platform and procurement services fees	72,275		2,839		75,114
Owned hotels	72,132		25,509		97,641
Other	46,051		—		46,051
Other revenues from franchised and managed properties	705,114		79,046		784,160
Total revenues	$	1,425,523	$	118,642	$	1,544,165

	Year Ended December 31, 2022
(in thousands)	Over time		Point in time		Total
Royalty, licensing and management fees	$	471,601	$	158	$	471,759
Initial franchise fees	28,074		—		28,074
Platform and procurement services fees	60,768		3,032		63,800
Owned hotels	55,428		15,398		70,826
Other	64,740		—		64,740
Other revenues from franchised and managed properties	596,668		106,082		702,750
Total revenues	$	1,277,279	$	124,670	$	1,401,949

	Year Ended December 31, 2021
(in thousands)	Over time		Point in time		Total
Royalty, licensing and management fees	$	397,218	$	—	$	397,218
Initial franchise fees	26,342		—		26,342
Platform and procurement services fees	47,878		2,515		50,393
Owned hotels	32,191		5,642		37,833
Other	28,669		—		28,669
Other revenues from franchised and managed properties	465,184		63,659		528,843
Total revenues	$	997,482	$	71,816	$	1,069,298