Revenue (Tables)

3 Months Ended

Mar. 31, 2024

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, 2023 to March 31, 2024:

(in thousands)
Balance as of December 31, 2023	$	209,895
Increases to the contract liability balance due to cash received	26,183
Revenue recognized in the period	(26,273)
Balance as of March 31, 2024	$	209,805

Schedule of Disaggregation of Revenue

The following table presents the Company's revenues by over time and point in time recognition:

	Three Months Ended						Three Months Ended
	March 31, 2024						March 31, 2023
(in thousands)	Over time		Point in time		Total		Over time		Point in time		Total
Royalty, licensing and management fees	$	103,107	$	2,360	$	105,467	$	107,492	$	—	$	107,492
Initial franchise fees	6,705		—		6,705		7,882		—		7,882
Platform and procurement services fees	13,177		579		13,756		13,239		604		13,843
Owned hotels	18,081		6,910		24,991		16,893		5,439		22,332
Other	16,357		—		16,357		10,627		—		10,627
Other revenues from franchised and managed properties	148,082		16,591		164,673		155,438		15,178		170,616
Total revenues	$	305,509	$	26,440	$	331,949	$	311,571	$	21,221	$	332,792