Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Three Months Ended March 31,
2022 2021
Net Revenues
Adjusted EBITDA
Net Revenues
Adjusted EBITDA
Hotel Franchising
$ 272  $ 155  $ 209  $ 105 
Hotel Management
99  20  94 
Total Reportable Segments
371  175  303  110 
Corporate and Other
—  (16) —  (13)
Total Company
$ 371  $ 159  $ 303  $ 97 
Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income to adjusted EBITDA.
Three Months Ended March 31,
2022 2021
Net income $ 106  $ 24 
Provision for income taxes 34  11 
Depreciation and amortization 24  24 
Interest expense, net 20  28 
Stock-based compensation expense
Development advance notes amortization
Gain on asset sale (36) — 
Separation-related expenses — 
Foreign currency impact of highly inflationary countries
— 
Adjusted EBITDA
$ 159  $ 97