v3.24.3
SEGMENT INFORMATION - Schedule of Summarized Consolidated Financial Information by Segment (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information        
Total revenues $ 1,629 $ 1,622 $ 5,046 $ 5,007
Adjusted EBITDA 275 253 841 806
Depreciation and amortization 81 100 257 297
Net fees        
Segment Reporting Information        
Total revenues 241 231 749 686
Gross fees        
Segment Reporting Information        
Total revenues 268 243 805 720
Base management fees        
Segment Reporting Information        
Total revenues 97 94 295 281
Incentive management fees        
Segment Reporting Information        
Total revenues 52 51 170 167
Franchise and other fees        
Segment Reporting Information        
Total revenues 119 98 340 272
Contra revenue        
Segment Reporting Information        
Total revenues (27) (12) (56) (34)
Owned and leased        
Segment Reporting Information        
Total revenues 287 329 910 984
Rooms and packages        
Segment Reporting Information        
Total revenues 198 217 581 624
Food and beverage        
Segment Reporting Information        
Total revenues 58 73 222 242
Other        
Segment Reporting Information        
Total revenues 31 39 107 118
Distribution        
Segment Reporting Information        
Total revenues 221 229 818 832
Other revenues        
Segment Reporting Information        
Total revenues 13 79 58 238
Revenues for reimbursed costs        
Segment Reporting Information        
Total revenues 867 754 2,511 2,267
Operating Segments | Management and franchising        
Segment Reporting Information        
Total revenues 1,131 1,028 3,330 3,103
Adjusted EBITDA 210 192 635 577
Depreciation and amortization 19 19 57 58
Operating Segments | Owned and leased        
Segment Reporting Information        
Total revenues 290 337 927 1,007
Adjusted EBITDA 63 72 204 230
Depreciation and amortization 37 45 121 136
Operating Segments | Distribution        
Segment Reporting Information        
Total revenues 221 279 844 966
Adjusted EBITDA 38 31 120 123
Depreciation and amortization 17 29 56 84
Operating Segments | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Adjusted EBITDA (36) (42) (119) (125)
Depreciation and amortization 8 7 23 19
Operating Segments | Net fees | Management and franchising        
Segment Reporting Information        
Total revenues 252 246 788 733
Operating Segments | Net fees | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Net fees | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Net fees | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Gross fees | Management and franchising        
Segment Reporting Information        
Total revenues 279 258 844 767
Operating Segments | Gross fees | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Gross fees | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Gross fees | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Base management fees | Management and franchising        
Segment Reporting Information        
Total revenues 105 104 321 310
Operating Segments | Base management fees | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Base management fees | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Base management fees | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Incentive management fees | Management and franchising        
Segment Reporting Information        
Total revenues 53 54 178 179
Operating Segments | Incentive management fees | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Incentive management fees | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Incentive management fees | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Franchise and other fees | Management and franchising        
Segment Reporting Information        
Total revenues 121 100 345 278
Operating Segments | Franchise and other fees | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Franchise and other fees | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Franchise and other fees | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Contra revenue | Management and franchising        
Segment Reporting Information        
Total revenues (27) (12) (56) (34)
Operating Segments | Contra revenue | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Contra revenue | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Contra revenue | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Owned and leased | Management and franchising        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Owned and leased | Owned and leased        
Segment Reporting Information        
Total revenues 290 337 927 1,007
Operating Segments | Owned and leased | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Owned and leased | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Rooms and packages | Management and franchising        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Rooms and packages | Owned and leased        
Segment Reporting Information        
Total revenues 201 225 598 647
Operating Segments | Rooms and packages | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Rooms and packages | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Food and beverage | Management and franchising        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Food and beverage | Owned and leased        
Segment Reporting Information        
Total revenues 58 73 222 242
Operating Segments | Food and beverage | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Food and beverage | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Other | Management and franchising        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Other | Owned and leased        
Segment Reporting Information        
Total revenues 31 39 107 118
Operating Segments | Other | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Other | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Distribution | Management and franchising        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Distribution | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Distribution | Distribution        
Segment Reporting Information        
Total revenues 221 229 818 832
Operating Segments | Distribution | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Other revenues | Management and franchising        
Segment Reporting Information        
Total revenues 12 28 31 103
Operating Segments | Other revenues | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Other revenues | Distribution        
Segment Reporting Information        
Total revenues 0 50 26 134
Operating Segments | Other revenues | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Revenues for reimbursed costs | Management and franchising        
Segment Reporting Information        
Total revenues 867 754 2,511 2,267
Operating Segments | Revenues for reimbursed costs | Owned and leased        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Revenues for reimbursed costs | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Revenues for reimbursed costs | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations        
Segment Reporting Information        
Total revenues (13) (22) (55) (69)
Adjusted EBITDA 0 0 1 1
Depreciation and amortization 0 0 0 0
Eliminations | Management and franchising        
Segment Reporting Information        
Total revenues (10) (14) (38) (46)
Eliminations | Owned and leased        
Segment Reporting Information        
Total revenues (3) (8) (17) (23)
Eliminations | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Overhead        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Net fees        
Segment Reporting Information        
Total revenues (11) (15) (39) (47)
Eliminations | Gross fees        
Segment Reporting Information        
Total revenues (11) (15) (39) (47)
Eliminations | Base management fees        
Segment Reporting Information        
Total revenues (8) (10) (26) (29)
Eliminations | Incentive management fees        
Segment Reporting Information        
Total revenues (1) (3) (8) (12)
Eliminations | Franchise and other fees        
Segment Reporting Information        
Total revenues (2) (2) (5) (6)
Eliminations | Contra revenue        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Owned and leased        
Segment Reporting Information        
Total revenues (3) (8) (17) (23)
Eliminations | Rooms and packages        
Segment Reporting Information        
Total revenues (3) (8) (17) (23)
Eliminations | Food and beverage        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Other        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Distribution        
Segment Reporting Information        
Total revenues 0 0 0 0
Eliminations | Other revenues        
Segment Reporting Information        
Total revenues 1 1 1 1
Eliminations | Revenues for reimbursed costs        
Segment Reporting Information        
Total revenues $ 0 $ 0 $ 0 $ 0