Revenues for the reimbursement of costs incurred on behalf of managed and franchised properties
General and administrative expenses (1), (2)
Selling, general, and administrative expenses
Integration costs (2)
Selling, general, and administrative expenses
Owned and leased expenses
Owned and leased hotels expenses
Reimbursed costs
Costs incurred on behalf of managed and franchised properties
(1) Excludes integration costs.
(2) Transaction and integration costs are now presented within a new financial statement line item as described above, transaction and integration costs.