Geographic Information

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Geographic Information

Geographic Information

We consider each one of our hotels to be an operating segment, as we allocate resources and assess operating performance based on individual hotels. All of our hotels meet the aggregation criteria for segment reporting and our other real estate investment activities (primarily our retail spaces and office buildings) are immaterial. As such, we report one segment: hotel ownership. Our consolidated foreign operations consist of hotels in two countries as of March 31, 2024. There were no intersegment sales during the periods presented.

The following table presents total revenues and property and equipment, net, for each of the geographical areas in which we operate (in millions):

	Total Revenues				Property and Equipment, net
	Quarter ended March 31,				March 31, 2024		December 31, 2023
	2024		2023
United States	$	1,452	$	1,362	$	9,500	$	9,556
Brazil	6		6		34		35
Canada	13		13		31		33
Total	$	1,471	$	1,381	$	9,565	$	9,624