Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
 
Three Months Ended June 30,
 
2020
 
2019
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
182

 
$
83

 
$
331

 
$
162

Hotel Management
76

 
(4
)
 
201

 
16

Total Reportable Segments
258

 
79

 
532

 
178

Corporate and Other

 
(16
)
 
1

 
(19
)
Total Company
$
258

 
$
63

 
$
533

 
$
159


Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income (loss) to adjusted EBITDA.
 
Three Months Ended June 30,
 
2020
 
2019
Net (loss)/income
$
(174
)
 
$
26

(Benefit)/provision for income taxes
(48
)
 
10

Depreciation and amortization
25

 
27

Interest expense, net
28

 
26

Stock-based compensation expense
5

 
4

Impairments, net
206

 
45

Restructuring costs
16

 

Transaction-related expenses, net
5

 
11

Separation-related expenses

 
1

Contract termination costs

 
9

Adjusted EBITDA
$
63

 
$
159