Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Three Months Ended September 30,
2020 2019
Net Revenues
Adjusted EBITDA
Net Revenues
Adjusted EBITDA
Hotel Franchising
$ 236  $ 117  $ 379  $ 195 
Hotel Management
101  180  13 
Total Reportable Segments
337  119  559  208 
Corporate and Other
—  (18) (18)
Total Company
$ 337  $ 101  $ 560  $ 190 
Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of net income to adjusted EBITDA.
Three Months Ended September 30,
2020 2019
Net income $ 27  $ 45 
Provision for income taxes 15  21 
Depreciation and amortization 24  26 
Interest expense, net 29  25 
Stock-based compensation expense
Transaction-related expenses, net —  12 
Contract termination costs —  34 
Transaction-related item —  20 
Foreign currency impact of highly inflationary countries
Adjusted EBITDA
$ 101  $ 190