Under our asset-light business model, we typically manage or franchise hotels and other lodging offerings, rather than own them.
−Removed: As of December 31, 2022, we owned or leased 26 hotels in U.S.
−Removed: & Canada and 38 hotels in International.
−Removed: Additionally, most of our regional offices, customer care and reservation centers, and sales offices, as well as our corporate headquarters, are in leased facilities.
+Added: As of December 31, 2023, we owned or leased 13 hotels (4,339 rooms) in U.S.
+Added: & Canada and 37 hotels (8,776 rooms) in International.
+Added: Additionally, most of our regional offices, customer engagement centers, and sales offices, as well as our corporate headquarters, are in leased facilities.
See Part I, Item 1, “Business,” earlier in this report, and the “Properties and Rooms” caption in Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for more information about our company-operated properties.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.