REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenues

The following table disaggregates room revenues from owned hotels by booking source for the year ended December 31, 2018 (in thousands):



	December 31, 2018
Property direct	$	360,718
Central call center	303,336
Proprietary website	220,734
Third-party intermediaries	300,965
Travel agency global distribution systems	51,558
Total room revenues from owned hotels⁽¹⁾	$	1,237,311

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(1)	In addition to room revenues, the Company’s owned hotels earned $21.9 million of other hotel revenues during the year ended December 31, 2018.

The following table disaggregates room revenues from owned hotels by length of guest stay for the year ended December 31, 2018 (in thousands):



	December 31, 2018
1-6 nights	$	457,380
7-29 nights	261,674
30+ nights	518,257
Total room revenues from owned hotels⁽¹⁾	$	1,237,311

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(1)	In addition to room revenues, the Company’s owned earned $21.9 million of other hotel revenues during the year ended December 31, 2018.

The following table disaggregates revenues from franchised and managed hotels for the year ended December 31, 2018 (in thousands):



	December 31, 2018
Management fees	$	1,175
Franchise fees	2,135
Indirect reimbursements (system service fees)	2,444
Direct reimbursements	10,123
Total revenues from franchised and managed hotels	$	15,877

Outstanding Contract Liabilities

Contract liabilities relate to advanced deposits and deferred revenue with respect to owned hotels and, with respect to third-party owned hotels, advance consideration received, such as initial franchise fees paid when a franchise agreement is executed and certain system implementation fees paid at the time of installation. Contract liabilities are included in accounts payable and accrued liabilities on the accompanying consolidated balance sheets. The following table presents outstanding contract liabilities and the amount of outstanding January 1, 2018 contract liabilities that were recognized as revenue during the year ended December 31, 2018 (in thousands):



	Outstanding Contract Liabilities		Outstanding Contract Liabilities as of January 1, 2018 Recognized as Revenue
As of December 31, 2018	$	13,829
As of January 1, 2018	$	9,284
For the year ended December 31, 2018			$	8,819

Performance Obligations

As of December 31, 2018, $8.9 million of the outstanding contract liabilities related to owned hotels and $4.9 million related to third-party owned (i.e., franchised) hotels. The Company does not estimate revenues expected to be recognized related to unsatisfied performance obligations for royalty fees, system service fees or management fees, as they are considered either sales-based fees or allocated to wholly unsatisfied performance obligations in a series.

Performance obligations related to owned hotels are expected to be satisfied within less than one year. Performance obligations related to third-party owned (i.e., franchised) hotels are expected to be satisfied over the term of the respective franchise agreements, which are typically 20 years.