Marriott International Inc (MAR)

Design Hotels Announces Addition of Multi-Property Portfolio with Renowned Independent Hospitality Brand, PalisocietyJune 17, 2026 12:00 PM
PR Newswire (US) Two pioneers of design-led hospitality with a shared commitment to individuality come together in Design Hotels' largest single portfolio addition to date.BERLIN, June 17, 2026 /PRNewswire/ -- Design Hotels today announced a landmark portfolio expansion with Palisociety, the Los Angeles-based independent hospitality brand known for its design-forward hotels in key U.S. markets.   Design Hotels has entered into agreements with the owners of 16 hotels across nine U.S. destinations operated by Palisociety to join Design Hotels' portfolio, marking the largest portfolio addition in the brand's history.With the properties it operates joining Design Hotels, Palisociety and its hotel owners become part of a global network that champions visionary ownership and original design across the world.Representing over 1,000 total keys across the United States, the hotels set to join the Design Hotels portfolio in the coming months are:Palihouse West Hollywood, 95 keysPalihotel Melrose, 33 keysPalihotel San Francisco, 82 keys Palihotel Westwood Village, 54 keysPalihotel Palm Springs, 116 keysPalihotel Hollywood, 74 keysPalihotel Seattle, 96 keysLe Petit Pali Brentwood, 25 keysLe Petit Pali St. Helena, 29 keysLe Petit Pali Laguna Beach, 41 keysARRIVE Albuquerque, 137 keysARRIVE Palm Springs, 32 keysARRIVE Wilmington, 34 keysARRIVE Memphis, 62 keysSilver Lake Pool & Inn, 54 keysThe Hôtel Lili Beverly Hills, 44 keys Part of Marriott International, Design Hotels is a global collection of more than 300 independently owned, design-led hotels. Building on strong portfolio growth in 2025, Design Hotels is expected to surpass 100 hotels across the Americas this year, a historic first for the brand. These deals represent a significant alignment between Design Hotels and Palisociety, two brands united by a shared commitment to individuality, storytelling, and neighborhood-focused hospitality. Both brands have been built around the power of community, offering memorable experiences and inspiring events that foster connection, all designed to nurture the culturally curious."Design Hotels has always been a home for founders, visionaries, and original thinkers. Avi Brosh and Kirsten Leigh Pratt have built Palisociety with the same independent mindset that defines our global community - creating hotels with character, cultural relevance, and a genuine connection to place. The alignment between our brands was immediate. We share a belief that great hospitality is personal, distinctive, and shaped by the people behind it, making this collaboration a natural evolution for both brands," said Stijn Oyen, Managing Director of Design Hotels.Founded in Los Angeles in 2008, Avi Brosh's Palisociety operates a collection of more than 20 hotels, residences, and restaurants with a keen focus on bespoke design, neighborhood-inspired culture and programming, signature amenities and accoutrements, and a distinctly independent point of view. The brand's portfolio comprises five sub-brands: Palihouse, Palihotel, Le Petit Pali, ARRIVE by Palisociety and an assortment of independently branded properties, all designed to feel timeless and comfortable, while remaining deeply connected to their neighborhoods and driven by inspiration and creativity. From the brand's original Palihouse West Hollywood flagship in Los Angeles to the newest Le Petit Pali St. Helena in Napa Valley, California, Brosh's steadfast vision of modern-day hospitality has led Palisociety to numerous best hotels awards, international accolades and continued growth."Design Hotels has long been a symbol of creativity, vision and inspired hospitality in the industry, and we are thrilled to introduce our collection of hotels into their portfolio," said Avi Brosh, Founder of Palisociety. "Palisociety has always been driven by our love of design, culture and independence, and this agreement feels like a natural extension of those shared passions that hotel enthusiasts will undoubtedly appreciate."Palisociety's member hotels will also be able to leverage Design Hotels' services which span public relations, sales, digital marketing, web design, and content creation as well as Marriott's global distribution channels. In the coming months, all properties are also set to join Marriott's award-winning travel platform, Marriott Bonvoy®, offering guests unique benefits and unparalleled experiences.These deals reflect the continued growth of boutique hospitality and reinforce Design Hotels' mission to support visionary hoteliers whose properties stand apart.For more information visit: www.designhotels.comABOUT DESIGN HOTELS
For 30 years, Design Hotels has been at the forefront of a movement in travel, curating a handpicked portfolio of 300+ independently owned and operated hotels in over 50 countries. From cultural hubs in fast-paced cities to off-the-beaten-path escapes, each hotel reflects the vision of its pioneering owner—or "Original"—driven by a passion for genuine hospitality, cultural authenticity, and thought-provoking design and architecture.More than a collection of hotels, Design Hotels provides its member hotels with forward-thinking industry expertise—from trend forecasting and creative consultancy to PR, marketing, and global sales representation.Design Hotels is headquartered in Berlin, with offices in London, Los Angeles, New York, and Singapore. In 2019, the company partnered with Marriott Bonvoy®, expanding the reach of its member hotels and offering its community access to one of the industry's leading loyalty programs.ABOUT PALISOCIETY
Palisociety is a fully integrated hospitality company that acquires, designs, develops, owns and operates unique hotels and residences across the country under four distinct monikers: Palihouse, Palihotel, Le Petit Pali, ARRIVE by Palisociety and a collection of independently branded properties. The company's proprietary brands, development and operational expertise also includes specialized retail spaces, highly curated restaurants, bars and event venues. Palisociety properties have been featured on Condé Nast Traveler's Hot List, Travel + Leisure IT List, and more, with accolades from The New York Times, Architectural Digest, Wallpaper* and countless others. Avi Brosh founded Palisociety in 1998 in Los Angeles. For more information, visit www.palisociety.com or follow @palisociety.ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with approximately 10,000 properties in 146 countries and territories, as of June 11, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.ABOUT MARRIOTT BONVOY
Marriott Bonvoy®, Marriott International's portfolio of more than 30 hotel brands and approximately 10,000 global destinations, offers renowned hospitality in the most memorable locations around the world. The award-winning travel program and marketplace gives members access to transformative, eye-opening experiences around the corner and across the globe. To enroll for free or for more information about Marriott Bonvoy, visit www.marriottbonvoy.com. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram, and TikTok.    View original content to download multimedia:https://www.prnewswire.com/news-releases/design-hotels-announces-addition-of-multi-property-portfolio-with-renowned-independent-hospitality-brand-palisociety-302802802.htmlSOURCE Marriott International, Inc. Original: Design Hotels Announces Addition of Multi-Property Portfolio with Renowned Independent Hospitality Brand, Palisociety

Marriott International Celebrates 10,000 Properties Globally with the Opening of the JW Marriott Ranthambore Resort & SpaJune 11, 2026 6:00 AM
PR Newswire (US) Key Facts Marriott International opened its 10,000th property globally, the JW Marriott Ranthambore Resort & Spa in India, marking a historic milestone as the company approaches its 100th anniversary.The JW Marriott Ranthambore Resort & Spa features 127 accommodations, including private villas, and is located near Ranthambore National Park.Marriott's leading luxury portfolio comprises nearly 700 properties across 74 countries and territories, with the JW Marriott brand surpassing 130 properties globally.BETHESDA, Md., June 11, 2026 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR, "Marriott") today announced the opening of its 10,000th property globally, the JW Marriott Ranthambore Resort & Spa, marking a historic milestone for the company as it approaches its 100th anniversary. "Marriott was founded 99 years ago as a nine-seat root beer stand, and as of today, has grown into a global portfolio of 10,000 properties spanning 146 countries and territories.  I'm immensely proud of this tremendous milestone, made possible by our global teams and the owners who continue to place their trust in Marriott brands," said Marriott International President and CEO Anthony Capuano. "Marking this accomplishment with a property carrying the JW Marriott brand is especially meaningful given its naming after our co-founder, J. Willard Marriott. He and Alice S. Marriott built an incredible legacy of opportunity, service, and innovation that we're privileged to carry forward."The JW Marriott Ranthambore celebrated the opening with associates and company leaders, including David Marriott, Chairman of the Board, and Rajeev Menon, President, Asia Pacific excluding China (APEC), along with the resort's owner Nilesh Gadhiya and the Gadhiya family.Situated a short drive from Ranthambore National Park, the resort offers an immersive luxury retreat with 127 thoughtfully designed accommodations, including private villas, guestrooms, and suites. On property, guests can reconnect with nature and experience elevated dining through a range of diverse dining experiences, from modern Indian cuisine and regional specialties to locally inspired botanical cocktails.With the JW Marriott brand portfolio now comprising over 130 properties globally, this opening strengthens the company's unrivaled luxury portfolio, which spans seven brands representing nearly 700 properties in 74 countries and territories, offering guests transformative experiences in the world's most sought-after destinations.  As Marriott continues striving to meet the evolving needs of every traveler and trip purpose, the company has recently celebrated several exciting openings, spanning midscale to luxury, including:The St. Regis Budapest opened in April and marked the brand's debut in Hungary. Set within the iconic Klotild Palace, one of the city's most renowned architectural landmarks, the property introduced the brand's timeless sophistication, signature rituals and anticipatory service to Budapest's most distinguished address.The Westin Playa Vallarta, an All-Inclusive Resort officially opened as Westin's first all-inclusive property in Mexico. Located along the shores of Banderas Bay, the resort introduces a refined, experience-driven interpretation of stress-free, all-inclusive travel.  Artik Suzhou, Apartments by Marriott Bonvoy opened earlier this year, marking the brand's debut in Greater China. Located in the heart of the historic city of Suzhou, the property blends contemporary design with the refined elegance of Suzhou's centuries-old cultural heritage.StudioRes by Marriott Greensboro Airport officially opened its doors in May, about a year after signing. The new-build property was developed using modular construction and joined one of the company's newest brand portfolios, catering to extended-stay guests.ABOUT MARRIOTT INTERNATIONAL 
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with 10,000 properties in 146 countries and territories, as of June 11, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.  In addition, connect with us on Facebook and @MarriottIntl on X and Instagram. View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-celebrates-10-000-properties-globally-with-the-opening-of-the-jw-marriott-ranthambore-resort--spa-302797345.htmlSOURCE Marriott International, Inc. Original: Marriott International Celebrates 10,000 Properties Globally with the Opening of the JW Marriott Ranthambore Resort & Spa

Marriott International Completes Transaction to Bring Lefay into its Global Portfolio through Joint VentureJune 10, 2026 10:00 AM
PR Newswire (US) BETHESDA, Md., June 10, 2026 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced it has entered into a joint venture with the Leali family, founders of Lefay, to bring the highly regarded luxury wellness hospitality brand into Marriott's global portfolio. The closing of the transaction marks an important step in Marriott's strategy to expand its focus on wellbeing and introduces Lefay as the company's first brand focused exclusively on luxury wellness. Founded in Italy in 2006 by Domenico Alcide and Liliana Leali, Lefay is known for its immersive resorts in natural settings and its proprietary Lefay SPA Method, which blends scientific research with holistic wellness traditions. The brand's philosophy centers on transformative spaces, serenity, and sustainability and aims to redefine modern luxury through wellbeing and authenticity. Lefay properties emphasize architectural harmony with natural environment, expansive indoor-outdoor spaces, sustainable materials, and wellness programs that integrate movement, nutrition, and preventative health expertise. Guests may choose from à-la-carte treatments or structured multi day wellness programs, all rooted in Lefay's holistic and science-backed philosophy.The current portfolio includes two award-winning properties in Lago di Garda and the Dolomites, with additional resorts under development in Tuscany, Southern Italy, and the Swiss Alps.The joint venture owns the Lefay brand and intellectual property assets and the Italian real estate assets continue to be owned by the brand's founders. The properties will operate under long-term management agreements with the joint venture. Marriott will support the brand's growth through its global development, sales, marketing, and distribution platforms, while preserving Lefay's unique brand identity and approach to wellness.Lefay properties will be available through Marriott's digital platforms and participate in the company's award-winning Marriott Bonvoy ® loyalty program, with integration expected to be completed in late 2026.ABOUT MARRIOTT INTERNATIONALMarriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,900 properties in 146 countries and territories, as of March 31, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.  In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.IRPR#1 View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-completes-transaction-to-bring-lefay-into-its-global-portfolio-through-joint-venture-302796810.htmlSOURCE Marriott International, Inc. Original: Marriott International Completes Transaction to Bring Lefay into its Global Portfolio through Joint Venture

Marriott International and The Fern Hotels & Resorts Celebrate 75 Signings and 50 Openings for Series by Marriott in IndiaMay 21, 2026 5:00 PM
PR Newswire (US) Achieved in under six months, the brand's remarkable trajectory signals owner confidence and growing demand in the region for quality, trusted accommodation across market segments.NEW DELHI, India, May 21, 2026 /PRNewswire/ -- Marriott International, Inc. today announced landmark dual milestones for The Fern Hotels & Resorts, Series by Marriott in India - 75 hotels have now been signed under the brand's founding collaboration with Concept Hospitality Private Limited (CHPL), while 50 of those properties are already open and welcoming guests - bringing over 3,556 rooms into Marriott's portfolio in India. Accomplished in under six months since the brand's debut in November 2025, this pace of growth stands as one of the most compelling chapters in Marriott's regional expansion story and firmly establishes India as the defining foundation for Series by Marriott's global growth. "When we launched Series by Marriott in India last November, we spoke of a brand designed to scale with both speed and purpose," said Kiran Andicot, Senior Vice President, South Asia, Marriott International. "Reaching 75 signings, with 50 open and operating hotels across the country, in under six months is a validation of that vision. India is not simply a launchpad for this brand; it is proof of concept. As we expand our footprint, we remain focused on delivering consistent, quality experiences for guests, while offering owners an efficient, conversion-friendly model, backed by the strength of Marriott Bonvoy and our distribution ecosystem."With the founding deal for Series by Marriott's global debut, Concept Hospitality and The Fern Hotels & Resorts brought to the table a distinctive combination of regional authenticity, and a commitment to sustainable hospitality, spanning the breadth of the subcontinent. Together, the resulting Series by Marriott portfolio now spans 43 cities in India across Tier 1, 2 and 3 markets, reflecting both depth of presence and strong geographic balance across the country."Reaching 75 signed hotels is a milestone we are genuinely proud of, but the more meaningful story is the hotels that are already open - already welcoming guests, earning loyalty, and delivering on the promise we made when this association began," said Suhail Kannampilly, Managing Director, Concept Hospitality. "The alignment between The Fern's heritage of thoughtful, regionally rooted hospitality and Marriott International's global standards and distribution has resonated powerfully with owners and travelers alike. Between our commitment to sustainable hospitality, the industry's growing appetite for quality development, and Marriott's unmatched systems and loyalty reach, we are tracking well ahead of our plans - and we are only just beginning."Series by Marriott is a regionally created, globally connected collection brand that brings together locally recognized hotel groups under the trusted umbrella of Marriott Bonvoy. Designed for the 'global domestic' traveler - guests who seek the comfort and reliability of a world-class brand alongside genuine, place-specific experiences - the brand is defined by the well-executed fundamentals that matter most: comfortable rooms, reliable service, dependable Wi-Fi, and a sense of arrival that feels unmistakably local.Each property tells its own story, shaped by the character of the region and the people it serves. From a heritage hotel in Rajasthan to a business hotel in a thriving Tier 2 city, every Series by Marriott hotel delivers the consistent quality guests trust while celebrating the distinctive spirit of its destination. Select properties also offer access to breakfast, fitness centers, and meetings and events spaces - making the brand equally suited to the leisure explorer and the discerning business traveler.The brand now holds a presence in key cities, tier two markets as well as popular resort destinations with openings such as The Fern Mumbai, Goregaon, Series by Marriott; The Fern Jaipur, Series by Marriott; The Fern Habitat Goa, Candolim, Series by Marriott; Rakabi The Fern Igatpuri, Series by Marriott and The Fern Residency Bengaluru, Seshadripuram, Series by Marriott, to name a few.Guests at The Fern Hotels & Resorts, Series by Marriott can expect a thoughtfully curated set of signature experiences, including:Grab & Go Breakfast - a packed breakfast box available for guests with early-morning departures, ensuring every journey begins with energy and ease.Single Lady Traveller Recognition - a curated suite of amenities placed in-room prior to arrival, designed to make solo female guests feel seen, safe, and specially welcomed.Evening Delight - a turndown service featuring local chocolates or regional treats alongside a personalized goodnight message.Lamp Lighting Ceremony - a tranquil dusk ritual that honors the rhythm of nature and invites guests to pause, breathe, and unwind.Healthy Sleep - soaked almonds and raisins with cumin-infused water placed bedside each evening, a nod to ancient Indian wellness traditions.All properties under The Fern Hotels & Resorts, Series by Marriott, participate in Marriott Bonvoy®, the award-winning travel program from Marriott International – allowing members to earn points for their stay at the hotels, and at other hotels and resorts across Marriott Bonvoy's portfolio of extraordinary hotel brands. With the Marriott Bonvoy app, members enjoy a level of personalization and a contactless experience that allows them to travel with peace of mind.For further details and reservations, please visit the website here. Download images here.ABOUT SERIES BY MARRIOTT
Series by Marriott® is a collection brand that brings together established, regionally recognized hotel brands into one thoughtfully curated portfolio - designed for travelers who want comfort, value, and a sense of place. Each property tells its own local story reflecting the character of the region and the people it serves, while delivering a simple, approachable experience focused on well-executed fundamentals. Designed to offer quality and value in the right locations at the right price, Series by Marriott hotels provide comfortable rooms, free Wi-Fi, daily coffee or tea, and access to breakfast, fitness centers, and meetings and event spaces at select properties. Wherever travelers find a Series by Marriott hotel, they can count on the basics done well - consistently and with care. Guests can enjoy the local character of Series by Marriott hotels with the benefits of Marriott Bonvoy®, Marriott International's global travel program offering members an extraordinary portfolio of brands, exclusive experiences through Marriott?Bonvoy?Moments, and unmatched benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.  ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,900 properties in 146 countries and territories, as of March 31, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.  View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-and-the-fern-hotels--resorts-celebrate-75-signings-and-50-openings-for-series-by-marriott-in-india-302778012.htmlSOURCE Marriott International, Inc. Original: Marriott International and The Fern Hotels & Resorts Celebrate 75 Signings and 50 Openings for Series by Marriott in India

Marriott International Executive Vice President and Chief Financial Officer to Speak at the Morgan Stanley Travel & Leisure Conference on June 1; Remarks to be WebcastMay 18, 2026 8:30 AM
PR Newswire (US) BETHESDA, Md., May 18, 2026 /PRNewswire/ -- Marriott International, Inc.'s (Nasdaq: MAR) Executive Vice President and Chief Financial Officer, Jennifer Mason, will speak at the Morgan Stanley Travel & Leisure Conference, to be held on Monday, June 1, in New York City.  Ms. Mason's remarks will be at approximately 8:00 a.m., Eastern Time, and will be webcast live. To access the webcast, please go to http://www.marriott.com/investor, and then click on the link to the "Morgan Stanley Travel & Leisure Conference" under "Events and Presentations."The webcast will be available until July 1, 2026, at the same site.ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,900 properties in 146 countries and territories, as of March 31, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.  In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.IRPR#1  View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-executive-vice-president-and-chief-financial-officer-to-speak-at-the-morgan-stanley-travel--leisure-conference-on-june-1-remarks-to-be-webcast-302773917.htmlSOURCE Marriott International, Inc. Original: Marriott International Executive Vice President and Chief Financial Officer to Speak at the Morgan Stanley Travel & Leisure Conference on June 1; Remarks to be Webcast

Marriott International Declares an Increase in Quarterly Cash DividendMay 8, 2026 4:00 PM
PR Newswire (US) BETHESDA, Md., May 8, 2026 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 73 cents per share of common stock, which reflects the company's earnings growth and strong cash generation. The dividend is payable on June 30, 2026, to shareholders of record as of the close of business on May 22, 2026. ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,900 properties in 146 countries and territories, as of March 31, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.IRPR#1 View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-declares-an-increase-in-quarterly-cash-dividend-302767253.htmlSOURCE Marriott International, Inc. Original: Marriott International Declares an Increase in Quarterly Cash Dividend

The Ritz-Carlton Redefines Race Weekend Luxury with the U.S. SailGP Team in New York CityMay 7, 2026 12:00 PM
PR Newswire (US) Curated experiences at the intersection of luxury hospitality and high-performance sailing, featuring exclusive stays, a bespoke Central Park boating activation, and insider access to SailGP.NEW YORK, May 7, 2026 /PRNewswire/ -- This spring, The Ritz-Carlton invites guests to experience one of the world's most exhilarating sporting events as part of its global partnership with the U.S. SailGP Team. Timed to the upcoming New York Sail Grand Prix on May 30-31, The Ritz-Carlton is unveiling exclusive race weekend experiences at The Ritz-Carlton New York, NoMad and The Ritz-Carlton New York, Central Park, offering guests premier access to one of the fastest emerging global sporting championships. The Ritz-Carlton proudly sponsors the U.S. SailGP Team, uniting the precision of high-performance sailing with the excellence of luxury hospitality. With innovation embedded in its DNA, The Ritz-Carlton continues to push beyond traditional boundaries—engaging audiences through pioneering brand extensions such as The Ritz-Carlton Yacht Collection, Ritz-Carlton Reserve, and strategic partnerships that bring the brand to life in unexpected ways. This collaboration seamlessly connects the thrill of world class sport with the legendary service and elevated experiences synonymous with The Ritz-Carlton.SailGP features 13 national teams racing identical F50 catamarans in high-speed, head-to-head competition, reaching speeds of over 60 miles per hour powered solely by wind. The U.S. SailGP Team competes across 13 global destinations each season, with the New York race bringing the sport to the iconic waters of the Hudson River.In celebration of race weekend, The Ritz-Carlton will bring the spirit of sailing to the heart of Manhattan with a one-day activation on Saturday, May 30 from 2-7pm at Central Park's iconic Conservatory Water, the storied pond known for its beloved miniature sailboats. Guests of all ages will be invited to race bespoke radio-controlled sailboats across the water, blending a nostalgic New York pastime with the thrill of modern competitive sailing. Anchored at the historic Kerbs Boathouse, reimagined for the day as The Ritz-Carlton Sailing Club, the experience will feature elevated takes on classic summer fare, alongside live music and Ritz Kids-inspired activities designed to introduce the next generation to the craft and excitement of the sport. Guests will also enjoy a live stream of the SailGP race from 3:30-5pm, extending the energy of SailGP beyond the harbor and into one of the city's most iconic public spaces."New York is one of the most iconic cities in the world, and for us this is an opportunity to expand our race weekend throughout the city," said Mike Buckley, Team Principal, CEO & Co-Owner of the U.S. SailGP Team. "Partnering with The Ritz-Carlton allows us to build a true home base for our team, our partners and our fans in a market that means a great deal to us. We're building the U.S. SailGP Team to sit at the intersection of sport, culture, and hospitality, and this collaboration is a natural extension of that vision."For race day on May 31, guests can book "The Ultimate SailGP Experience" packages at The Ritz-Carlton New York, Central Park and The Ritz-Carlton New York, Nomad to experience the SailGP race from the center of the action with two Premium On-the-Water tickets onboard an official spectator vessel positioned along the racecourse, offering front-row views of the competition unfolding across New York Harbor. The package also includes an overnight stay at the hotel, daily breakfast, transportation to the boarding location, an embroidered boat tote, and official branded hats, with stays available from May 29 through June 2 (inclusions vary by hotel)."Through our partnership with the U.S. SailGP Team, The Ritz-Carlton is creating new ways for guests to engage with global cultural and sporting moments through the lens of luxury hospitality," said George Hammer, Global Head of Luxury Marketing at Marriott International. "The New York Sail Grand Prix is an exciting opportunity to bring that vision to life, connecting our guests to the energy of the sport through thoughtfully curated experiences both on land and on the water."Through this partnership, The Ritz-Carlton and the U.S. SailGP Team share a joint commitment to innovation and unforgettable experiences across some of the world's most iconic destinations.Both SailGP race weekend packages are now available to book, for a limited time.For more information on the partnership or to reserve, please visit The Ritz-Carlton New York, Central Park or email nomadsales@ritzcarlton.com for The Ritz-Carlton New York, Nomad.ABOUT THE RITZ-CARLTON HOTEL COMPANY, LLC
Delivering the Gold Standard in service in coveted destinations around the world, The Ritz-Carlton Hotel Company, LLC currently operates more than 125 hotels in 37 countries and territories. From iconic urban destinations to stretches of paradise in untouched corners of the earth, The Ritz-Carlton offers the opportunity for true discovery and transformative escapes that stay with guests long after they depart. Committed to thoughtful innovation, The Ritz-Carlton encompasses two groundbreaking brand extensions, Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection. Ritz-Carlton Reserve is a collection of rare estates set apart from the world, where personalized care and cultural immersion are paramount. The Ritz-Carlton Yacht Collection translates the brand's legendary service and hospitality for sea, reimagining the ultra-luxury cruising category. For more information or reservations, visit the company website at www.ritzcarlton.com, for the latest company updates, visit news.marriott.com and to join the live conversation, use #RCMemories and follow along on Facebook, X, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly owned subsidiary of Marriott International, Inc. (NASDAQ:MAR). The Ritz-Carlton is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. The Ritz-Carlton is committed to supporting the destinations where it operates through Community Footprints, the company's social and environmental responsibility program.ABOUT LUXURY GROUP BY MARRIOTT INTERNATIONAL
With an unrivaled portfolio of dynamic luxury brands, Marriott International is creating authentic, rare, and enriching experiences sought by today's global luxurian. Spanning all corners of the world, Marriott International's Luxury Group offers a boundless network of more than 560 landmark hotels, resorts, and yachts in over 70 countries and territories through The Ritz-Carlton, Ritz-Carlton Reserve, The Ritz-Carlton Yacht Collection, Bvlgari Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott, and W Hotels. From the world's most iconic destinations to the ultimate undiscovered gems, the international hospitality leader's collection of luxury brands is focused on elevating travel with highly contextualized, nuanced brand experiences that signal the future of luxury by allowing guests to indulge their passions while sparking personal growth. For more information, please visit Luxury.Marriott.com.ABOUT U.S. SAILGP TEAM
Redefining American sailing on the global stage, the U.S. SailGP Team enters the 2026 Season with clear focus and growing momentum. Competing in SailGP since its inception, the team was acquired in November 2023 by private owners Ryan and Margaret McKillen and two-time world champion Mike Buckley, backed by a prestigious group of investors across sports, entertainment and technology. With Avenue Sports Fund as lead investor and Next 3 joining in 2025, the U.S. SailGP Team has established a strong foundation for long-term commercial and competitive growth. Led by nine-time world champion Taylor Canfield, the team continues to sharpen its performance with athletes including Anna Weis, Hans Henken and Michael Menninger among its all-American lineup. Supported by a portfolio of partners across fashion, technology, and wellness, the U.S. SailGP Team is building a modern American sports brand positioned for lasting impact on and off the water.For more information on the U.S. SailGP Team, visit https://www.ussailgpteam.com/ and stay connected on Instagram. View original content to download multimedia:https://www.prnewswire.com/news-releases/the-ritz-carlton-redefines-race-weekend-luxury-with-the-us-sailgp-team-in-new-york-city-302765838.htmlSOURCE Marriott International, Inc. Original: The Ritz-Carlton Redefines Race Weekend Luxury with the U.S. SailGP Team in New York City

Marriott (MAR) tops Q1 estimates as global travel demand stays resilientMay 6, 2026 9:33 AM
IH Market News Marriott International (NASDAQ:MAR) reported first-quarter results on Wednesday that came in ahead of Wall Street expectations, supported by continued strength in global travel demand.Adjusted earnings per share reached $2.72, topping analyst forecasts of $2.54 by $0.18.Shares gained 1.55% in premarket trading following the release.Revenue for the quarter totaled $6.65 billion, above the consensus estimate of $6.56 billion and up 6% from the same period last year. RevPAR growth remains solid across regions Global revenue per available room (RevPAR) increased 4.2% during the quarter, helped by improvements in both occupancy rates and average daily room prices.RevPAR in the U.S. and Canada rose 4%, while international markets posted 4.6% growth despite disruptions tied to conflict in the Middle East affecting results in March.Marriott added roughly 15,900 net rooms during the quarter, expanding its worldwide portfolio to more than 9,900 properties with nearly 1.8 million rooms. Guidance comes in slightly below expectations For the second quarter of 2026, Marriott projected earnings between $2.99 and $3.06 per share. The midpoint of $3.03 came in slightly below analyst expectations of $3.05.The company expects second-quarter gross fee revenue to range from $1.538 billion to $1.553 billion.For the full year, Marriott forecast earnings between $11.38 and $11.63 per share. The midpoint of $11.51 was modestly below the analyst consensus estimate of $11.57.Full-year gross fee revenue is expected to come in between $5.925 billion and $5.985 billion. Development pipeline hits record level “We delivered excellent first quarter results, reflecting the strength of our brands, our unmatched global footprint, and the resilience of demand for travel,” said Anthony Capuano, President and Chief Executive Officer.At the end of the quarter, Marriott’s development pipeline reached a record 4,107 properties representing nearly 618,000 rooms, with 43% of those rooms currently under construction. Shareholder returns continue During the quarter, Marriott repurchased 2.1 million shares for approximately $700 million.Including dividends and buybacks, the company has returned more than $1.2 billion to shareholders so far this year through April 29.Marriott International stock price Original: Marriott (MAR) tops Q1 estimates as global travel demand stays resilient

Marriott International Reports First Quarter 2026 ResultsMay 6, 2026 7:00 AM
PR Newswire (US) First quarter 2026 RevPAR1 increased 4.2 percent worldwide, with 4.0 percent growth in the U.S. & Canada and 4.6 percent growth in international marketsFirst quarter reported diluted EPS totaled $2.43 and Adjusted diluted EPS totaled $2.72First quarter reported net income totaled $648 million and Adjusted net income totaled $726 millionFirst quarter Adjusted EBITDA totaled $1,398 millionThe company added roughly 15,900 net rooms globally during the quarter and net rooms grew 4.5 percent from the end of the first quarter of 2025At the end of the quarter, Marriott's worldwide development pipeline reached a new record and totaled over 4,100 properties and nearly 618,000 rooms, with 43 percent of pipeline rooms under construction including hotels that are pending conversionThe company repurchased 2.1 million shares of common stock for $0.7 billion in the 2026 first quarter. Year-to-date through April 29, the company has returned over $1.2 billion to shareholders through dividends and share repurchasesFor a summary of first quarter 2026 highlights, please visit: https://news.marriott.com/static-assets/component-resources/newscenter/earnings/2026/2026-q1-earnings-infographic.pdf.BETHESDA, Md., May 6, 2026 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today reported first quarter 2026 results. Anthony Capuano, President and Chief Executive Officer, said, "We delivered excellent first quarter results, reflecting the strength of our brands, our unmatched global footprint, and the resilience of demand for travel. Global RevPAR increased over 4 percent, exceeding the high end of our expectations, driven by gains in both average daily rate and occupancy. RevPAR in the U.S. & Canada rose 4 percent, with performance strengthening throughout the quarter and growth broad-based across customer segments and chain scales."International RevPAR grew 4.6 percent in the quarter, despite the conflict in the Middle East impacting March results. RevPAR in EMEA grew over 3 percent in the quarter, with increases in Europe and Africa partially offset by a decline in the Middle East. APEC led international performance, with first quarter RevPAR increasing more than 7 percent, on sustained leisure travel demand. RevPAR in Greater China increased by almost 6 percent, driven by leisure travel, particularly in Hong Kong and Hainan."Our development momentum continued, and we had record first quarter signings. Our industry-leading pipeline expanded to nearly 618,000 rooms, up over 5 percent from the year-ago quarter. Conversions, including multi-unit deals, remained a significant driver of growth, representing over 35 percent of signings and over 40 percent of openings in the quarter."Our Marriott Bonvoy travel platform remains a key competitive advantage that connects members to stays, experiences, and loyalty partners throughout their journey, and delivers significant value to hotel owners. Supported by our broad portfolio of brands and experiences, loyalty program membership in Marriott Bonvoy grew to nearly 283 million members at quarter-end."As we look ahead to the rest of this year and beyond, we are confident that our leading global scale and strong brand portfolio, our powerful Marriott Bonvoy travel platform and loyalty program, our dedicated associates, and our asset-light business model continue to position us very well for sustainable, long-term growth."First Quarter 2026 Results
Franchise and base management fees totaled $1,211 million in the 2026 first quarter, a 13 percent increase compared to franchise and base management fees of $1,071 million in the year-ago quarter. The increase was primarily driven by higher co-branded credit card fees, rooms growth and higher RevPAR.Incentive management fees totaled $222 million in the 2026 first quarter, compared to $204 million in the 2025 first quarter, driven by strong year-over-year growth in the U.S. & Canada, as well as increases in the APEC, Greater China and CALA regions. Managed hotels in international markets contributed nearly two-thirds of the incentive fees earned in the quarter.Owned, leased, and other revenue, net of owned, leased, and other expense1, totaled $35 million in the 2026 first quarter, compared to $29 million in the 2025 first quarter.General and administrative expenses2 for the 2026 first quarter totaled $219 million, compared to $209 million in the year-ago quarter, reflecting higher compensation costs partly due to timing, partially offset by lower litigation expenses.Interest expense, net, totaled $204 million in the 2026 first quarter, compared to $183 million in the year-ago quarter. The increase was largely due to higher interest expense associated with higher debt balances.In the 2026 first quarter, the provision for income taxes totaled $210 million, compared to $99 million in the 2025 first quarter, which benefited from an $86 million release of certain tax reserves.Marriott's reported operating income totaled $1,064 million in the 2026 first quarter, compared to 2025 first quarter reported operating income of $948 million. Reported net income totaled $648 million in the 2026 first quarter, a 3 percent decrease compared to 2025 first quarter reported net income of $665 million. Reported diluted earnings per share (EPS) totaled $2.43 in the quarter, compared to reported diluted EPS of $2.39 in the year-ago quarter.Adjusted operating income in the 2026 first quarter totaled $1,158 million, compared to 2025 first quarter Adjusted operating income of $1,016 million. First quarter 2026 Adjusted net income totaled $726 million, compared to 2025 first quarter Adjusted net income of $645 million. Adjusted diluted EPS in the 2026 first quarter totaled $2.72, compared to Adjusted diluted EPS of $2.32 in the year-ago quarter.First quarter 2026 Adjusted results excluded cost reimbursement revenue, reimbursed expenses, restructuring and merger-related charges, and other expenses, adjustments related to the termination of our licensing agreement with Sonder Holdings Inc., and an adjustment to a gain on an asset disposition. See the press release schedules for the calculation of Adjusted results and the manner in which the Adjusted measures are determined in this press release.Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $1,398 million in the 2026 first quarter, a 15 percent increase compared to first quarter 2025 Adjusted EBITDA of $1,217 million. See the press release schedules for the Adjusted EBITDA calculation.Income Statement Reclassification
In the 2025 fourth quarter, to enhance understanding of the company's general and administrative costs, we reclassified amounts attributable to other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements. The expenses that were reclassified from "General, administrative, and other" are certain costs associated with our property-related fee revenues, such as guarantee expense, provision for credit losses, and certain brand-related or property-related expenses, as well as costs associated with certain third-party agreements. Please refer to the Expense Captions - As Reclassified section in the press release schedules for information about the affected expense captions, as reclassified, for each quarter and the full fiscal year of 2025.Selected Performance Information
The company added roughly 15,900 net rooms during the quarter, including approximately 7,500 net rooms in international markets. At the end of the quarter, Marriott's global system totaled over 9,900 properties, with nearly 1,796,000 rooms.At the end of the quarter, the company's worldwide development pipeline totaled 4,107 properties with nearly 618,000 rooms, including 230 properties with nearly 34,000 rooms approved for development but not yet subject to signed contracts. The quarter-end pipeline included 1,699 properties with over 268,000 rooms under construction, including hotels that are in the process of converting to our system. Over half of the rooms in the quarter-end pipeline were located in international markets.In the 2026 first quarter, worldwide RevPAR increased 4.2 percent (a 6.0 percent increase using actual dollars) compared to the 2025 first quarter. RevPAR in the U.S. & Canada increased 4.0 percent (a 4.3 percent increase using actual dollars), and RevPAR in international markets increased 4.6 percent (a 10.1 percent increase using actual dollars) compared to the 2025 first quarter.Balance Sheet & Common Stock
At the end of the quarter, Marriott's total debt was $16.5 billion and cash and equivalents totaled $0.5 billion, compared to $16.2 billion in debt and $0.4 billion of cash and equivalents at year-end 2025.The company repurchased 2.1 million shares of common stock in the 2026 first quarter for $0.7 billion.  Year-to-date through April 29, the company has repurchased 3.1 million shares for $1.1 billion.In the 2026 first quarter, the company issued $600 million of Series WW Senior Notes due in 2033 with a 4.5 percent interest rate coupon and $850 million of Series XX Senior Notes due in 2038 with a 5.1 percent interest rate coupon.Company Outlook
The company's updated outlook assumes continued impact from the conflict in the Middle East and continued travel disruption, primarily impacting the Middle East region through the end of the year. The outlook does not include any impact from the renegotiation of our U.S. co-branded cards, as those discussions are still ongoing.
Second Quarter 2026vs. Second Quarter 2025Full Year 2026vs. Full Year 2025Comparable systemwide constant $ RevPAR growth

Worldwide1.5% to 2.5%2.0% to 3.0%







Year-End 2026

vs. Year-End 2025Net rooms growth
4.5% to 5%


($ in millions, except EPS)Second Quarter 2026Full Year 2026Gross fee revenues$1,538 to $1,553$5,925 to $5,985Owned, leased, and other revenue, net of owned,
leased, and other expenseApprox. $60$215 to $225General and administrative expenses$230 to $220$895 to $875Adjusted EBITDA1,2$1,525 to $1,550$5,880 to $5,970Adjusted EPS – diluted2,3$2.99 to $3.06$11.38 to $11.63Adjusted effective tax rate2Approx. 26.5%26.0% to 26.5%Investment spending4
$1,050 to $1,150Capital return to shareholders5
Over $4,400
1See the press release schedules for the Adjusted EBITDA calculations.2Adjusted EBITDA, Adjusted EPS – diluted and Adjusted effective tax rate for second quarter and full year 2026 do not include cost reimbursement revenue, reimbursed expenses, and restructuring and merger-related charges, and other expenses, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. Our outlook includes the impact of our planned sale of a U.S. & Canada hotel (but adjusted for the related expected impairment charge of approximately $65 million to $70 million), which we assume will occur later in the 2026 second quarter, as well as our planned investment in Lefay, which we assume will occur later this year. Our outlook excludes any other potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. In addition, our full year 2026 outlook excludes the first quarter 2026 adjustments related to the Sonder termination of $2 million and adjustment to a gain on an asset disposition of $(8) million.3Assumes the level of capital return to shareholders noted above.4Investment spending includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities (including our planned investment in Lefay, which we assume will occur later this year), but excludes any potential property or brand acquisitions, which we cannot forecast with sufficient accuracy, and which may be significant.5Assumes the level of investment spending noted above, our planned sale of a U.S. & Canada hotel, and that no other asset sales, property acquisitions or brand acquisitions occur during the year. Marriott International, Inc. (Nasdaq: MAR) will conduct its quarterly earnings review for the investment community and news media on Wednesday, May 6, 2026, at 8:30 a.m. Eastern Time (ET). The conference call will be webcast simultaneously via Marriott's investor relations website at www.marriott.com/investor (click on "Events & Presentations" and click on the quarterly conference call link). A replay will be available at that same website until May 6, 2027.The telephone dial-in number for the conference call is US Toll Free: 800-267-6316, or Global: +1 203-518-9783. The conference ID is MAR1Q26.Note on forward-looking statements: All statements in this press release and the accompanying schedules are made as of May 6, 2026. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release and the accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including statements related to our RevPAR, rooms growth and other financial metric estimates, outlook and assumptions; shareholder returns; our growth prospects; our development pipeline; our expectations about the conflict in the Middle East; our planned hotel sale; our anticipated investment in Lefay; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we describe in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,900 properties in 146 countries and territories, as of March 31, 2026. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.IRPR#1
Tables follow









1All occupancy, Average Daily Rate (ADR) and Revenue per Available Room (RevPAR) statistics and estimates are systemwide constant dollar. Unless otherwise stated, all changes refer to year-over-year changes for the comparable period. Occupancy, ADR and RevPAR comparisons between 2026 and 2025 reflect properties that are comparable in both years.2In the 2025 fourth quarter, to enhance understanding of the company's general and administrative costs, we reclassified amounts attributable to other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements. Please see the Income Statement Reclassification section of this press release for additional information. MARRIOTT INTERNATIONAL, INC.PRESS RELEASE SCHEDULESTABLE OF CONTENTSQUARTER 1, 2026

Consolidated Statements of IncomeA-2Non-GAAP Financial MeasuresA-3Expense Captions - As ReclassifiedA-4Total Lodging Products by Ownership TypeA-5Total Lodging Products by TierA-7Key Lodging StatisticsA-9Adjusted EBITDAA-11Adjusted EBITDA Forecast - Second Quarter 2026A-12Adjusted EBITDA Forecast - Full Year 2026A-13Explanation of Non-GAAP Financial and Performance MeasuresA-14 MARRIOTT INTERNATIONAL, INC.CONSOLIDATED STATEMENTS OF INCOMEFIRST QUARTER 2026 AND 2025($ in millions except per share amounts, unaudited)












Percent

Three Months Ended
Three Months Ended
Better/(Worse)

March 31, 2026
March 31, 2025
2026 vs. 2025REVENUES





Franchise fees1
$                      872
$                      746
17Base management fees
339
325
4Incentive management fees
222
204
9Gross fee revenues
1,433
1,275
12Contract investment amortization2
(35)
(28)
(25)Net fee revenues
1,398
1,247
12Owned, leased, and other revenue3
412
361
14Cost reimbursement revenue4
4,844
4,655
4

6,654
6,263
6






OPERATING COSTS AND EXPENSES





Owned, leased, and other expense5*
377
332
(14)Depreciation, amortization, and other6
54
51
(6)General and administrative7*
219
209
(5)Restructuring and merger-related charges, and other
4
1
(300)Reimbursed expenses4
4,936
4,722
(5)

5,590
5,315
(5)






OPERATING INCOME
1,064
948
12






Gains (losses) and other income, net8
3
(2)
250Interest expense
(214)
(192)
(11)Interest income
10
9
11Equity in (losses) earnings9
(5)
1
(600)






INCOME BEFORE INCOME TAXES
858
764
12






Provision for income taxes
(210)
(99)
(112)






NET INCOME
$                      648
$                      665
(3)






EARNINGS PER SHARE





Earnings per share - basic
$                     2.44
$                     2.40
2Earnings per share - diluted
$                     2.43
$                     2.39
2






Basic shares (in millions)
266.1
276.9

Diluted shares (in millions)
266.8
277.7

* The 2025 first quarter reflects the reclassification of $36 million of other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements to conform to our current presentation.1 Franchise fees include fees from our franchise and license agreements for lodging properties (including our timeshare properties), application and relicensing fees, co-branded credit card fees, residential branding fees, and other brand-related fees.2 Contract investment amortization includes amortization of capitalized costs to obtain contracts with customers and any related impairments.3 Owned, leased, and other revenue includes revenue from the properties we own or lease, termination fees, and other revenue.4 Cost reimbursement revenue includes reimbursements from hotel owners and certain other counterparties for property-level and centralized programs and services that we operate for their benefit. Reimbursed expenses include costs incurred by Marriott for certain property-level operating expenses and centralized programs and services that we operate for the benefit of our hotel owners and certain other counterparties.5 Owned, leased, and other expense includes operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses, and other expenses, such as expenses related to our Global Design services, certain costs associated with our property-related fee revenues (such as guarantee expense, provision for credit losses, and certain brand-related or property-related expenses), and costs associated with certain third-party agreements.6 Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of acquired contracts, software, and other definite-lived intangible assets, and any related impairments, accelerations, or write-offs.7 General and administrative expenses include our corporate and business segments overhead costs and general expenses.8 Gains (losses) and other income, net includes gains and losses on the sale of real estate, the sale of joint venture interests and other investments, and adjustments from other equity investments.9 Equity in (losses) earnings includes our equity in earnings or losses of unconsolidated equity method investments.  MARRIOTT INTERNATIONAL, INC.NON-GAAP FINANCIAL MEASURES($ in millions except per share amounts)





The following table presents our reconciliations of Adjusted operating income, Adjusted operating income margin, Adjusted net income, and Adjusted diluted earnings per share to the most directly comparable GAAP measure. Adjusted total revenues is used in the determination of Adjusted operating income margin.






Three Months Ended




Percent
March 31,
March 31,
Better/
2026
2025
(Worse)Total revenues, as reported$            6,654
$            6,263

Less: Cost reimbursement revenue(4,844)
(4,655)

Adjusted total revenues†1,810
1,608













Operating income, as reported1,064
948

Less: Cost reimbursement revenue(4,844)
(4,655)

Add: Reimbursed expenses4,936
4,722

Add: Restructuring and merger-related charges, and other4
1

Less: Adjustments related to Sonder Termination1(2)
—

Adjusted operating income†1,158
1,016
14











Operating income margin16 %
15 %

Adjusted operating income margin†64 %
63 %













Net income, as reported648
665

Less: Cost reimbursement revenue(4,844)
(4,655)

Add: Reimbursed expenses4,936
4,722

Add: Restructuring and merger-related charges, and other4
1

Less: Adjustments related to Sonder Termination1(2)
—

Add: Adjustment to gain on investee's asset disposition28
—

Income tax effect of above adjustments(24)
(17)

Less: Income tax special items—
(71)

Adjusted net income†$              726
$              645
13











Diluted earnings per share, as reported$             2.43
$             2.39

Adjusted diluted earnings per share†$             2.72
$             2.32
17† Denotes non-GAAP financial measures. Please see the Explanation of Non-GAAP Financial and Performance Measures section in these press release schedules for information about our reasons for providing these alternative financial measures and the limitations on their use.
1 Adjustments related to the termination of our licensing agreement with Sonder Holdings Inc. (the "Sonder Termination") reported in Owned, leased, and other expense.
2 Adjustment to gain on investee's asset disposition reported in Equity in (losses) earnings.  MARRIOTT INTERNATIONAL, INC.EXPENSE CAPTIONS - AS RECLASSIFIED QUARTERLY AND FULL YEAR 2025($ in millions)
In the 2025 fourth quarter, to enhance understanding of the company's general and administrative costs, we reclassified amounts attributable to other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements. The expenses that were reclassified from "General, administrative, and other" are certain costs associated with our property-related fee revenues, such as guarantee expense, provision for credit losses, and certain brand-related or property-related expenses, as well as costs associated with certain third-party agreements. The following table includes the affected expense captions, as reclassified, for each quarter and the full fiscal year of 2025.
Fiscal Year 2025
First Quarter
Second Quarter
ThirdQuarter
Fourth Quarter
TotalOwned, leased, and other revenue$        361
$        441
$        420
$        457
$      1,679Owned, leased, and other expense332
363
350
416
1,461Owned, leased, and other revenue, net of owned, leased, and other
expense$         29
$         78
$         70
$         41
$        218









General and administrative$        209
$        210
$        210
$        241
$        870 MARRIOTT INTERNATIONAL, INC.TOTAL LODGING PRODUCTS BY OWNERSHIP TYPEAs of March 31, 2026







US & CanadaTotal International1Total Worldwide
PropertiesRoomsPropertiesRoomsPropertiesRoomsFranchised, Licensed, and Other5,843876,0091,938328,2147,7811,204,223 Courtyard by Marriott 937126,35914426,5961,081152,955 Fairfield by Marriott 1,195112,91613519,5161,330132,432 Residence Inn by Marriott 83399,477415,039874104,516 Marriott Hotels 23976,2238623,892325100,115 Autograph Collection 16236,30917133,98233370,291 SpringHill Suites by Marriott 57567,563——57567,563 Sheraton 13742,4288623,77622366,204 TownePlace Suites by Marriott 57557,774——57557,774 Four Points by Sheraton 14520,85715928,87830449,735 Westin 9733,2153410,18013143,395 AC Hotels by Marriott 13622,62610815,88924438,515 Moxy Hotels 498,40711621,90916530,316 Tribute Portfolio 10519,6337210,66817730,301 Aloft Hotels 16723,905305,77619729,681 Renaissance Hotels 7320,153348,75010728,903 MGM Collection with Marriott Bonvoy 1226,210——1226,210 Delta Hotels by Marriott 7015,864417,92611123,790 Timeshare* 7318,949223,9639522,912 The Luxury Collection 178,2456614,2038322,448 City Express by Marriott 161,56915017,90716619,476 Design Hotels* 282,84520613,24623416,091 Element Hotels 10213,69771,04310914,740 Le Méridien 245,299298,1945313,493 JW Marriott 136,327164,2792910,606 citizenM 164,374193,938358,312 Four Points Flex by Sheraton ——578,259578,259 Series by Marriott 5550503,555554,105 Protea Hotels by Marriott ——383,371383,371 Marriott Executive Apartments ——91,79791,797 Outdoor Collection by Marriott Bonvoy 321,532——321,532 W Hotels 11,117122621,343 StudioRes 6744——6744 The Ritz-Carlton 142922623691 Apartments by Marriott Bonvoy 241332585671 The Ritz-Carlton Yacht Collection* ——36033603 St. Regis ——11721172 Bvlgari ——21612161 Owned/Leased 145,539378,8675114,406 Sheraton 11,21831,72442,942 Marriott Hotels 21,30451,63172,935 Courtyard by Marriott 79874894111,881 W Hotels 2765266541,430 Westin 11,073——11,073 Protea Hotels by Marriott ——59125912 JW Marriott ——26962696 The Ritz-Carlton ——25482548 Renaissance Hotels ——25052505 The Luxury Collection ——33833383 Autograph Collection ——53605360 Residence Inn by Marriott 119211402332 Tribute Portfolio ——22492249 St. Regis ——11601160Managed564203,1101,384357,5481,948560,658 Marriott Hotels 9755,40019360,956290116,356 Sheraton 2318,92818058,12720377,055 Courtyard by Marriott 13922,65713429,42227352,079 Westin 3921,2818024,17411945,455 JW Marriott 2313,1917626,3989939,589 The Ritz-Carlton 4212,7998018,44312231,242 Four Points by Sheraton 11349725,5559825,689 Renaissance Hotels 208,6575316,5337325,190 Le Méridien ——7018,6467018,646 W Hotels 205,4004612,0606617,460 St. Regis 132,6085111,2366413,844 Residence Inn by Marriott 6410,74891,1027311,850 Gaylord Hotels 711,820——711,820 The Luxury Collection 62,316438,4364910,752 Aloft Hotels 2505429,342449,847 Fairfield by Marriott 3698578,750609,448 Delta Hotels by Marriott 246,62251,179297,801 Autograph Collection 113,269183,344296,613 Marriott Executive Apartments ——415,932415,932 AC Hotels by Marriott 81,512183,328264,840 EDITION 51,379173,238224,617 Element Hotels 3810142,712173,522 Moxy Hotels 1380153,099163,479 Protea Hotels by Marriott ——222,738222,738 Tribute Portfolio ——131,595131,595 SpringHill Suites by Marriott 91,381——91,381 Bvlgari ——76467646 TownePlace Suites by Marriott 4615——4615 citizenM ——24772477 Apartments by Marriott Bonvoy ——180180Residences747,821728,70014616,521 The Ritz-Carlton Residences 455,031231,928686,959 St. Regis Residences 111,279141,916253,195 W Residences 98698768171,637 Marriott Residences ——51,28351,283 JW Marriott Residences 19141,05551,146 Westin Residences 326634136679 Bvlgari Residences ——55265526 Sheraton Residences ——34723472 The Luxury Collection Residences 1912853176 Tribute Portfolio Residences ——11371137 Renaissance Residences 1112——1112 EDITION Residences 382110492 Le Méridien Residences ——162162 Autograph Collection Residences ——245245Grand Total6,4951,092,4793,431703,3299,9261,795,8081 "International" refers to: (i) Europe, Middle East & Africa, (ii) Greater China, (iii) Asia Pacific excluding China, and (iv) Caribbean & Latin America.* Timeshare, Design Hotels, and The Ritz-Carlton Yacht Collection counts are included in this table by geographical location. For external reporting purposes, these offerings are captured within "Unallocated corporate and other."Property and room counts presented by brand in the above table include certain hotels in our system that are not yet operating under such brand, but are expected to operate under such brand following the completion of planned renovations. MARRIOTT INTERNATIONAL, INC.TOTAL LODGING PRODUCTS BY TIERAs of March 31, 2026







US & CanadaTotal International1Total WorldwideTotal SystemwidePropertiesRoomsPropertiesRoomsPropertiesRoomsLuxury21362,019478109,103691171,122 JW Marriott 3619,5189431,37313050,891 JW Marriott Residences 19141,05551,146 The Luxury Collection 2310,56111223,02213533,583 The Luxury Collection Residences 1912853176 The Ritz-Carlton 4313,2288419,25312732,481 The Ritz-Carlton Residences 455,031231,928686,959 The Ritz-Carlton Yacht Collection* ——36033603 W Hotels 237,2824912,9517220,233 W Residences 98698768171,637 St. Regis 132,6085311,5686614,176 St. Regis Residences 111,279141,916253,195 EDITION 51,379173,238224,617 EDITION Residences 382110492 Bvlgari ——98079807 Bvlgari Residences ——55265526Premium1,210410,0741,457340,1162,667750,190 Marriott Hotels 338132,92728486,479622219,406 Marriott Residences ——51,28351,283 Sheraton 16162,57426983,627430146,201 Sheraton Residences ——34723472 Westin 13755,56911434,35425189,923 Westin Residences 326634136679 Autograph Collection 17339,57819437,68636777,264 Autograph Collection Residences ——245245 Renaissance Hotels 9328,8108925,78818254,598 Renaissance Residences 1112——1112 Tribute Portfolio 10519,6338712,51219232,145 Tribute Portfolio Residences ——11371137 Le Méridien 245,2999926,84012332,139 Le Méridien Residences ——162162 Delta Hotels by Marriott 9422,486469,10514031,591 MGM Collection with Marriott Bonvoy 1226,210——1226,210 Design Hotels* 282,84520613,24623416,091 Gaylord Hotels 711,820——711,820 Marriott Executive Apartments ——507,729507,729 Outdoor Collection by Marriott Bonvoy **321,532——321,532 Apartments by Marriott Bonvoy 241343386751Select4,972598,5741,217220,4266,189819,000 Courtyard by Marriott 1,083150,00328256,9121,365206,915 Fairfield by Marriott 1,198113,61419228,2661,390141,880 Residence Inn by Marriott 898110,417516,281949116,698 Four Points by Sheraton 14620,99125654,43340275,424 SpringHill Suites by Marriott 58468,944——58468,944 TownePlace Suites by Marriott 57958,389——57958,389 AC Hotels by Marriott 14424,13812619,21727043,355 Aloft Hotels 16924,4107215,11824139,528 Moxy Hotels 508,78713125,00818133,795 Element Hotels 10514,507213,75512618,262 citizenM 164,374214,415378,789 Protea Hotels by Marriott ——657,021657,021Midscale272,86325729,72128432,584 City Express by Marriott 161,56915017,90716619,476 Four Points Flex by Sheraton ——578,259578,259 Series by Marriott **5550503,555554,105 StudioRes 6744——6744 Timeshare* 7318,949223,9639522,912Grand Total6,4951,092,4793,431703,3299,9261,795,8081 "International" refers to: (i) Europe, Middle East & Africa, (ii) Greater China, (iii) Asia Pacific excluding China, and (iv) Caribbean & Latin America.* Timeshare, Design Hotels, and The Ritz-Carlton Yacht Collection counts are included in this table by geographical location. For external reporting purposes, these offerings are captured within "Unallocated corporate and other." ** The Outdoor Collection by Marriott Bonvoy includes properties under both the Premium and Select quality tiers. Series by Marriott includes properties under both the Select and Midscale quality tiers.Property and room counts presented by brand in the above table include certain hotels in our system that are not yet operating under such brand, but are expected to operate under such brand following the completion of planned renovations. MARRIOTT INTERNATIONAL, INC.KEY LODGING STATISTICSIn Constant $













Comparable Company-Operated US & Canada Properties

Three Months Ended March 31, 2026 and March 31, 2025

RevPAR
Occupancy
Average Daily RateBrand
2026
vs. 2025
2026
vs. 2025
2026
vs. 2025JW Marriott
$   287.03
5.1 %
74.2 %
0.7 %pts.
$   387.02
4.1 %The Ritz-Carlton
$   430.10
5.9 %
67.6 %
1.2 %pts.
$   636.08
4.1 %W Hotels
$   291.01
12.9 %
67.1 %
3.1 %pts.
$   433.87
7.7 %Composite US & Canada Luxury1
$   374.47
7.4 %
70.4 %
1.2 %pts.
$   531.95
5.5 %Marriott Hotels
$   178.74
4.2 %
67.5 %
0.3 %pts.
$   264.64
3.8 %Sheraton
$   163.09
0.9 %
66.2 %
0.1 %pts.
$   246.51
0.8 %Westin
$   175.99
4.6 %
67.1 %
1.3 %pts.
$   262.37
2.7 %Composite US & Canada Premium2
$   173.70
3.4 %
67.1 %
0.2 %pts.
$   259.01
3.1 %US & Canada Full-Service3
$   217.42
4.9 %
67.8 %
0.4 %pts.
$   320.73
4.2 %Courtyard by Marriott
$   108.02
2.4 %
63.0 %
0.1 %pts.
$   171.52
2.2 %Residence Inn by Marriott
$   151.23
1.9 %
73.5 %
0.4 %pts.
$   205.73
1.4 %Composite US & Canada Select4
$   126.09
2.7 %
67.0 %
0.5 %pts.
$   188.25
2.0 %US & Canada - All5
$   197.07
4.6 %
67.6 %
0.4 %pts.
$   291.48
3.9 %













Comparable Systemwide US & Canada Properties

Three Months Ended March 31, 2026 and March 31, 2025

RevPAR
Occupancy
Average Daily RateBrand
2026
vs. 2025
2026
vs. 2025
2026
vs. 2025JW Marriott
$   270.16
4.7 %
73.5 %
0.5 %pts.
$   367.66
4.0 %The Ritz-Carlton
$   420.93
5.8 %
67.4 %
1.0 %pts.
$   624.96
4.2 %W Hotels
$   291.01
12.9 %
67.1 %
3.1 %pts.
$   433.87
7.7 %Composite US & Canada Luxury1
$   339.42
6.8 %
70.3 %
0.9 %pts.
$   482.70
5.4 %Marriott Hotels
$   142.93
4.0 %
65.0 %
0.6 %pts.
$   219.73
3.0 %Sheraton
$   124.14
2.7 %
63.8 %
0.8 %pts.
$   194.47
1.4 %Westin
$   162.66
3.0 %
67.3 %
0.2 %pts.
$   241.66
2.7 %Composite US & Canada Premium2
$   144.83
3.8 %
65.2 %
0.5 %pts.
$   222.26
2.9 %US & Canada Full-Service3
$   166.06
4.5 %
65.7 %
0.6 %pts.
$   252.67
3.5 %Courtyard by Marriott
$   102.08
3.6 %
63.5 %
0.5 %pts.
$   160.83
2.8 %Residence Inn by Marriott
$   122.16
2.6 %
72.6 %
0.7 %pts.
$   168.16
1.5 %Fairfield by Marriott
$    82.96
3.1 %
62.6 %
0.3 %pts.
$   132.47
2.6 %Composite US & Canada Select4
$   103.87
3.5 %
66.8 %
0.7 %pts.
$   155.60
2.4 %US & Canada - All5
$   128.80
4.0 %
66.3 %
0.7 %pts.
$   194.15
3.0 %1 Includes JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, and EDITION.2 Includes Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Autograph Collection, Delta Hotels by Marriott, and Gaylord Hotels. Systemwide also includes Le Méridien and Tribute Portfolio.3 Includes Composite US & Canada Luxury and Composite US & Canada Premium.4 Includes Courtyard by Marriott, Residence Inn by Marriott, Fairfield by Marriott, SpringHill Suites by Marriott, TownePlace Suites by Marriott, Four Points by Sheraton, Aloft Hotels, Element Hotels, AC Hotels by Marriott, and Moxy Hotels.5 Includes US & Canada Full-Service and Composite US & Canada Select. Systemwide also includes US & Canada Midscale. MARRIOTT INTERNATIONAL, INC.KEY LODGING STATISTICSIn Constant $













Comparable Company-Operated International Properties

Three Months Ended March 31, 2026 and March 31, 2025

RevPAR
Occupancy
Average Daily RateRegion
2026
vs. 2025
2026
vs. 2025
2026
vs. 2025Europe
$   174.01
7.0 %
61.2 %
-0.6 %pts.
$   284.35
8.0 %Middle East & Africa
$   138.45
-2.3 %
62.3 %
-6.3 %pts.
$   222.36
7.5 %Greater China
$    79.23
6.1 %
65.1 %
1.2 %pts.
$   121.63
4.1 %Asia Pacific excluding China
$   136.26
7.6 %
71.3 %
2.5 %pts.
$   191.17
3.8 %Caribbean & Latin America
$   255.61
-0.7 %
69.0 %
-0.1 %pts.
$   370.60
-0.5 %













International - All1
$   126.47
4.1 %
66.3 %
0.1 %pts.
$   190.69
4.1 %













Worldwide2
$   155.02
4.4 %
66.8 %
0.2 %pts.
$   231.93
4.0 %













Comparable Systemwide International Properties

Three Months Ended March 31, 2026 and March 31, 2025

RevPAR
Occupancy
Average Daily RateRegion
2026
vs. 2025
2026
vs. 2025
2026
vs. 2025Europe
$   118.31
6.6 %
61.2 %
1.5 %pts.
$   193.41
4.0 %Middle East & Africa
$   128.54
-1.9 %
61.6 %
-5.4 %pts.
$   208.78
6.7 %Greater China
$    70.68
5.7 %
63.1 %
1.1 %pts.
$   111.99
3.9 %Asia Pacific excluding China
$   130.93
7.3 %
70.2 %
2.2 %pts.
$   186.60
3.9 %Caribbean & Latin America
$   139.29
2.0 %
63.0 %
1.4 %pts.
$   221.24
-0.3 %













International - All1
$   112.01
4.6 %
64.1 %
0.7 %pts.
$   174.73
3.5 %













Worldwide2
$   123.09
4.2 %
65.6 %
0.7 %pts.
$   187.70
3.1 %













1 Includes Europe, Middle East & Africa, Greater China, Asia Pacific excluding China, and Caribbean & Latin America. 2 Includes US & Canada - All and International - All. MARRIOTT INTERNATIONAL, INC.NON-GAAP FINANCIAL MEASURESADJUSTED EBITDA($ in millions)

Fiscal
Year 2026
First QuarterNet income, as reported$     648Cost reimbursement revenue(4,844)Reimbursed expenses4,936Interest expense214Interest expense from unconsolidated joint ventures 2Provision for income taxes210Depreciation and amortization54Contract investment amortization35Depreciation and amortization classified in reimbursed expenses73Depreciation, amortization, and impairments from unconsolidated joint ventures 3Stock-based compensation57Restructuring and merger-related charges, and other4Adjustments related to Sonder Termination(2)Adjustment to gain on investee's asset disposition8Adjusted EBITDA†$   1,398

Change from 2025 Adjusted EBITDA†15 % 
Fiscal Year 2025
First Quarter
Second Quarter
ThirdQuarter
Fourth Quarter
TotalNet income, as reported$      665
$      763
$      728
$      445
$    2,601Cost reimbursement revenue(4,655)
(4,932)
(4,760)
(4,857)
(19,204)Reimbursed expenses4,722
4,874
4,739
5,168
19,503Interest expense192
203
206
208
809Interest expense from unconsolidated joint ventures1
3
2
1
7Provision for income taxes99
291
266
137
793Depreciation and amortization51
53
50
59
213Contract investment amortization28
29
29
49
135Depreciation and amortization classified in reimbursed expenses57
61
64
69
251Depreciation, amortization, and impairments from unconsolidated joint ventures4
4
4
6
18Stock-based compensation52
58
61
65
236Restructuring and merger-related charges (recoveries), and other1
8
(40)
29
(2)Expenses related to Sonder Termination—
—
—
23
23Adjusted EBITDA†$    1,217
$    1,415
$    1,349
$    1,402
$    5,383









† Denotes non-GAAP financial measures. Please see the Explanation of Non-GAAP Financial and Performance Measures section in these press release schedules for information about our reasons for providing these alternative financial measures and the limitations on their use. MARRIOTT INTERNATIONAL, INC.NON-GAAP FINANCIAL MEASURESADJUSTED EBITDA FORECASTSECOND QUARTER 2026($ in millions)






Range


Estimated
Second Quarter 2026
Second Quarter
2025Net income excluding certain items1, 2$       744
$       762

Interest expense223
223

Interest expense from unconsolidated joint ventures1
1

Provision for income taxes267
274

Depreciation and amortization2117
117

Contract investment amortization32
32

Depreciation and amortization classified in reimbursed expenses75
75

Depreciation, amortization, and impairments from unconsolidated joint ventures5
5

Stock-based compensation61
61

Adjusted EBITDA†$     1,525
$     1,550
$                 1,415





Increase over 2025 Adjusted EBITDA†8 %
10 %

† Denotes non-GAAP financial measures. Please see the Explanation of Non-GAAP Financial and Performance Measures section in these press release schedules for information about our reasons for providing these alternative financial measures and the limitations on their use.





1 Forecast excludes cost reimbursement revenue, reimbursed expenses, and restructuring and merger-related charges, and other expenses, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant, except for depreciation and amortization classified in reimbursed expenses, which is included in the caption "Depreciation and amortization classified in reimbursed expenses" above. Forecast includes the impact of our planned sale of a U.S. & Canada hotel, which we assume will occur later in the 2026 second quarter, and our planned investment in Lefay, which we assume will occur later this year. Forecast does not reflect any other potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant.2 Includes the midpoint of the range of our expected 2026 second quarter impairment charge of approximately $65 million to $70 million related to our planned sale of a U.S. & Canada hotel. MARRIOTT INTERNATIONAL, INC.NON-GAAP FINANCIAL MEASURESADJUSTED EBITDA FORECASTFULL YEAR 2026($ in millions)






Range


Estimated
Full Year 2026
Full Year 2025Net income excluding certain items1, 2$     2,942
$     3,008

Interest expense901
901

Interest expense from unconsolidated joint ventures7
7

Provision for income taxes1,036
1,060

Depreciation and amortization2277
277

Contract investment amortization138
138

Depreciation and amortization classified in reimbursed expenses305
305

Depreciation, amortization, and impairments from unconsolidated joint ventures18
18

Stock-based compensation250
250

Adjustments related to Sonder Termination(2)
(2)

Adjustment to gain on investee's asset disposition8
8

Adjusted EBITDA†$     5,880
$     5,970
$                 5,383





Increase over 2025 Adjusted EBITDA†9 %
11 %







† Denotes non-GAAP financial measures. Please see the Explanation of Non-GAAP Financial and Performance Measures section in these press release schedules for information about our reasons for providing these alternative financial measures and the limitations on their use.





1 Forecast excludes cost reimbursement revenue, reimbursed expenses, and restructuring and merger-related charges, and other expenses, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant, except for depreciation and amortization classified in reimbursed expenses, which is included in the caption "Depreciation and amortization classified in reimbursed expenses" above. Forecast includes the impact of our planned sale of a U.S. & Canada hotel, which we assume will occur later in the 2026 second quarter, and our planned investment in Lefay, which we assume will occur later this year. Forecast does not reflect any other potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant.2 Includes the midpoint of the range of our expected 2026 second quarter impairment charge of approximately $65 million to $70 million related to our planned sale of a U.S. & Canada hotel.MARRIOTT INTERNATIONAL, INC.
EXPLANATION OF NON-GAAP FINANCIAL AND PERFORMANCE MEASURESIn our press release and schedules, on the related conference call, and in the infographic made available in connection with our press release, we report certain financial measures that are not required by, or presented in accordance with, United States generally accepted accounting principles ("GAAP"). These non-GAAP financial measures are labeled as "Adjusted" and/or identified with the symbol "†". We discuss the manner in which the non-GAAP measures reported in this press release, schedules, and infographic are determined and management's reasons for reporting these non-GAAP measures below, and the press release schedules reconcile each to the most directly comparable GAAP measures (with respect to the forward-looking non-GAAP measures, to the extent available without unreasonable efforts). Although management evaluates and presents these non-GAAP measures for the reasons described below, please be aware that these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for revenue, operating income, net income, earnings per share, or any other comparable operating measure prescribed by GAAP. In addition, we may calculate and/or present these non-GAAP financial measures differently than measures with the same or similar names that other companies report, and as a result, the non-GAAP measures we report may not be comparable to those reported by others.Adjusted Operating Income and Adjusted Operating Income Margin. Adjusted operating income excludes cost reimbursement revenue, reimbursed expenses, and restructuring and merger-related charges, and other expenses. When applicable, Adjusted operating income also excludes certain non-cash impairment charges as well as impairment charges and expenses/adjustments related to the Sonder Termination. Adjusted total revenues excludes cost reimbursement revenue as well as, when applicable, certain non-cash impairment charges and impairment charges related to the Sonder Termination. Adjusted operating income margin reflects Adjusted operating income divided by Adjusted total revenues. We believe that these are meaningful metrics because they allow for period-over-period comparisons of our ongoing operations before these items and for the reasons further described below.Adjusted Net Income, Adjusted Diluted Earnings Per Share, and Adjusted Effective Tax Rate. Adjusted net income, Adjusted diluted earnings per share, and Adjusted effective tax rate reflect our net income, diluted earnings per share, and effective tax rate, respectively, excluding the impact of cost reimbursement revenue, reimbursed expenses, restructuring and merger-related charges, and other expenses, as well as, when applicable, certain non-cash impairment charges, gains and losses on asset dispositions made by us or by our joint venture investees (if above a specified threshold), and impairment charges and expenses/adjustments related to the Sonder Termination. Additionally, Adjusted net income, Adjusted diluted earnings per share, and Adjusted effective tax rate exclude the income tax effect of the above items (calculated using an estimated tax rate applicable to each item) and income tax special items, which in 2025 primarily related to the release of tax reserves. We believe that these measures are meaningful indicators of our performance because they allow for period-over-period comparisons of our ongoing operations before these items and for the reasons further described below.Adjusted Earnings Before Interest Expense, Taxes, Depreciation and Amortization ("Adjusted EBITDA"). Adjusted EBITDA reflects net income excluding the impact of the following items: cost reimbursement revenue and reimbursed expenses, interest expense, depreciation and amortization (including non-cash impairment charges), provision for income taxes, restructuring and merger-related recoveries/charges, and other expenses, and stock-based compensation expense for all periods presented. When applicable, Adjusted EBITDA also excludes gains and losses on asset dispositions made by us or by our joint venture investees (if above a specified threshold). In addition, Adjusted EBITDA excludes impairment charges and expenses/adjustments related to the Sonder Termination.In our presentations of Adjusted operating income and Adjusted operating income margin, Adjusted net income and Adjusted diluted earnings per share, Adjusted effective tax rate, and Adjusted EBITDA, we exclude restructuring and merger-related recoveries/charges as well as charges related to legal proceedings that are outside of the ordinary course of our business, both of which we record in the "Restructuring and merger-related charges, and other" caption of our Consolidated Statements of Income (our "Income Statements"). We also exclude 2025 fourth quarter impairment charges and expenses as well as subsequent adjustments related to the Sonder Termination, which we record in the "Contract investment amortization" and "Owned, leased, and other expense" captions of our Income Statements, as they are related to the cessation of operations of an entire brand, which is a nonrecurring event. In addition, we exclude non-cash impairment charges (if above a specified threshold) related to our franchise and management contracts (if the impairment is non-routine), leases, equity investments, and other capitalized assets, which we record in the "Contract investment amortization," "Depreciation, amortization, and other," and "Equity in (losses) earnings" captions of our Income Statements. These adjustments allow for period-over-period comparisons of our ongoing operations before the impact of these items. We exclude cost reimbursement revenue and reimbursed expenses, which relate to property-level and centralized programs and services that we operate for the benefit of our hotel owners and certain other counterparties, and for which we receive reimbursement under our agreements with hotel owners and certain other counterparties with no added mark-up. We do not operate these property-level and centralized programs and services to generate a profit over the long term, and accordingly, when we recover the costs that we incur for these programs and services from our hotel owners and certain other counterparties, we do not seek a mark-up. For property-level services, we recognize cost reimbursement revenue at the same time that we incur expenses, and property-level services have no net impact on our Income Statements in the reporting period. However, for centralized programs and services, we may be reimbursed before or after we incur expenses, causing timing differences between the costs we incur and the related reimbursement from hotel owners and certain other counterparties in our operating and net income. Over the long term, these programs and services are not designed to impact our economics, either positively or negatively. Because we do not retain any such profits or losses over time, we exclude the net impact when evaluating period-over-period changes in our operating results.We believe that Adjusted EBITDA is a meaningful indicator of our operating performance because it permits period-over-period comparisons of our ongoing operations before these items. Our use of Adjusted EBITDA also facilitates comparison with results from other lodging companies because it excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company's capital structure, debt levels, and credit ratings. Accordingly, the impact of interest expense on earnings can vary significantly among companies. The tax positions of companies can also vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. As a result, effective tax rates and provisions for income taxes can vary considerably among companies. Our Adjusted EBITDA also excludes depreciation and amortization expense, which we report under "Depreciation, amortization, and other" as well as depreciation and amortization classified in "Contract investment amortization," "Reimbursed expenses," and "Equity in earnings" of our Income Statements, because companies utilize productive assets of different ages and use different methods of both acquiring and depreciating productive assets. Depreciation and amortization classified in "Reimbursed expenses" reflects depreciation and amortization of Marriott-owned assets, for which we receive cash from hotel owners and certain other counterparties to reimburse the company for its investments made for the benefit of the system. These differences can result in considerable variability in the relative costs of productive assets and the depreciation and amortization expense among companies. We exclude stock-based compensation expense in all periods presented to address the considerable variability among companies in recording compensation expense because companies use stock-based payment awards differently, both in the type and quantity of awards granted.RevPAR. In addition to the foregoing non-GAAP financial measures, we present Revenue per Available Room ("RevPAR") as a performance measure. We believe RevPAR, which we calculate by dividing property level room revenue by total rooms available for the period, is a meaningful indicator of our performance because it measures the period-over-period change in room revenues. RevPAR may not be comparable to similarly titled measures, such as revenues, and should not be viewed as necessarily correlating with our fee revenue. We also believe occupancy and average daily rate ("ADR"), which are components of calculating RevPAR, are meaningful indicators of our performance. Occupancy, which we calculate by dividing total rooms sold by total rooms available for the period, measures the utilization of a property's available capacity. ADR, which we calculate by dividing property level room revenue by total rooms sold, measures average room price and is useful in assessing pricing levels. Comparisons to prior periods are on a constant U.S. dollar basis, which we calculate by applying exchange rates for the current period to the prior comparable period. We believe constant dollar analysis provides valuable information regarding the performance of hotels in our system as it removes currency fluctuations from the presentation of such results.We define our comparable properties as hotels in our system that were open and operating under one of our brands since the beginning of the last full calendar year (since January 1, 2025 for the current period) and have not, in either the current or previous year: (1) undergone significant room or public space renovations or expansions, (2) been converted between company-operated and franchised, or (3) sustained substantial property damage or business interruption. Our comparable properties also exclude MGM Collection with Marriott Bonvoy, Design Hotels, The Ritz-Carlton Yacht Collection, residences, timeshare, and all-inclusive properties.We use the term "hotel owners" throughout these schedules to refer, collectively, to owners of hotels and other lodging offerings operating in our system pursuant to franchise agreements, management agreements, license agreements, or similar arrangements, and we use the term "hotels in our system" to refer to hotels and other lodging offerings operating in our system pursuant to such arrangements, as well as hotels that we own or lease. The terms "hotel owners" and "hotels in our system" exclude Homes & Villas by Marriott BonvoySM (which we also exclude from our property and room count), timeshare, residential, and The Ritz-Carlton Yacht Collection®. View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-reports-first-quarter-2026-results-302763318.htmlSOURCE Marriott International, Inc. Original: Marriott International Reports First Quarter 2026 Results

Marriott International Announces Release Date For First Quarter 2026 EarningsApril 13, 2026 8:30 AM
PR Newswire (US)

BETHESDA, Md., April 13, 2026 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) will report first quarter 2026 earnings results on Wednesday, May 6, 2026, at approximately 7:00 a.m. Eastern Time (ET). The company will hold a conference call for the investment community on Wednesday, May 6, 2026, at 8:30 a.m. (ET). Marriott International's President and Chief Executive Officer, Anthony Capuano, and Executive Vice President and Chief Financial Officer, Jennifer Mason, will discuss the company's performance.







The conference call will be webcast simultaneously via Marriott's investor relations website. Those wishing to access the call on the web should log on to http://www.marriott.com/investor, and select the link for the first quarter earnings call under "Recent and Upcoming Events." A replay will be available at that same website for one year. A transcript of the call will also be available on the company's website.The telephone dial-in number for the conference call is US Toll Free: 800-267-6316, or Global: +1 203-518-9783. Please use conference ID MAR1Q26 when dialing into the call. To help ensure you do not miss any of the conference call, please dial in or link to the call on the webcast 15 minutes prior to the scheduled start time. News media will be able to access the conference call in a listen-only mode. ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,800 properties in 145 countries and territories, as of December 31, 2025. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.IRPR#1



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Original: Marriott International Announces Release Date For First Quarter 2026 Earnings

Marriott International Named a Top 10 Fortune and Great Place To Work® 100 Best Workplaces in the U.S., Reflecting Nearly 100 Years of Putting People FirstApril 1, 2026 7:35 AM
PR Newswire (US)

Key FactsMarriott International has been named the Number 7 Best Workplace in the United States on the 2026 Fortune and Great Place To Work® 100 Best Workplaces list.Marriott International has been on the Best Workplace list since its inception almost three decades ago.With nearly 800,000 associates who wear the Marriott name badge around the world, the company is focused on creating opportunity, strengthening a culture of belonging, and helping people build meaningful careers.BETHESDA, Md., April 1, 2026 /PRNewswire/ -- Marriott International has been named the Number 7 Best Workplace in the United States on the 2026 Fortune and Great Place To Work® 100 Best Workplaces list, a recognition that reflects the company's enduring commitment to its associates and its people-first culture. Marriott has been on the list since its inception nearly three decades ago. This year's ranking follows the company's global recognition as a best-in-class employer by Fortune and Great Place to Work® in over a dozen countries around the world and being named one of the top five World's Best Workplaces by Great Place To Work® and Fortune.







"For nearly a century, Marriott has been guided by our founding core values, creating a culture rooted in trust, opportunity, and respect for every associate," said Anthony Capuano, President and Chief Executive Officer, Marriott International. "This recognition is meaningful because it reflects associates' voices and experiences and affirms our people-first culture that is brought to life every day by our associates. I am deeply grateful to associates around the world for supporting one another, fostering belonging, living our values, strengthening communities, and making Marriott a great place to work."In 2023, Marriott launched its people brand, Be™, built around three pillars: Begin, Belong, and Become. These pillars reflect Marriott's commitment to growing great leaders, investing in associates, and creating access to opportunity through global initiatives that attract, develop, and retain talent.Begin
Marriott is continuing its legacy of building strong pathways for associates beginning their career journey. Marriott was one of the first hospitality companies to build and launch a digital learning platform that provides associates access to a range of foundational learning programs, coaching, and skill building curriculum.Belong
Marriott was also one of the first hospitality companies to introduce a global wellbeing program over a decade ago, focused on supporting the physical, mental, and financial health of associates worldwide. The company is integrating wellbeing into the everyday associate experience through year-round initiatives, targeted mental health and financial education resources, and a global network of more than 13,000 TakeCare Champions, who support their peers, connect them to resources, and help make wellbeing part of daily work. Marriott continues to invest in associates with competitive pay, flexible scheduling, and its signature Explore by Marriott Bonvoy™ travel discount program, which encourages associates to visit its properties and see the world. Marriott also fosters a culture of belonging through its Associate Resource Groups where all associates are welcome to strengthen their networks, grow their skills, celebrate their backgrounds, and give back to the communities where they live and work. Become
At Marriott, helping associates reach their peak through year-round coaching, continuous feedback, and clear expectations that support development and career progression is a top priority. This commitment to long-term growth comes to life through programs like Elevate, which prepare frontline associates for their first management roles by building confidence, capability, and a coaching mindset, accelerating internal mobility and strengthening leadership pipelines. Participants in the Elevate program have a 25% higher retention rate and are 5.5 times more likely to be promoted than their peers."At Marriott, people don't come for a job, they come for a career. They come to grow, to be part of something bigger, and to build a future for themselves and their families," said Ty Breland, Chief Human Resources Officer & EVP, Global Operations Services, Marriott International. "Our role is to create the environment where that's possible. Everything we do through Be is grounded in our core values and focused on helping associates develop, move, and succeed across the business. When associates feel supported and see a path forward, they stay and they thrive."The 100 Best Companies to Work For list honors companies that build a high-trust workplace environment, measured through Great Place To Work's proprietary survey platform. Only companies with consistently high survey responses across the 60 statements that comprise the Trust Index™ Survey earn placement on this list."Trust in the organization is a leading indicator of business performance," says Michael C. Bush, CEO of Great Place To Work. "When employees trust their leaders, they are more willing to give extra effort, embrace innovation like new AI tools, and deliver a better experience to customers."With nearly 800,000 associates worldwide who wear the Marriott name badge, the company is focused on creating opportunity, strengthening a culture of belonging, and helping people build meaningful careers.To learn more about life at Marriott visit http://www.marriott.com/careers.ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,800 properties in 145 countries and territories, as of December 31, 2025. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.ABOUT THE FORTUNE 100 BEST COMPANIES TO WORK FOR
Great Place To Work selected the 100 Best list by gathering and analyzing more than 1.3 million confidential survey responses in 2025, representing the experiences of more than 7.3 million U.S. employees. Of those, nearly 640,000 responses were received from employees at eligible companies, and this list is based on that feedback. Organizations are assessed on their efforts to create generous, supportive, high-performance work experiences for every employee in the organization. Companies must be Great Place To Work Certified™ with 1,000 or more employees in the U.S. and cannot be a government agency. Read the full methodology.To be considered, all companies use the Great Place to Work Trust Index Survey. To get on this list next year, start here.ABOUT GREAT PLACE TO WORK
As the global authority on workplace culture, Great Place To Work, a UKG company, brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Its proprietary platform and Great Place To Work Model help companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified and receiving recognition on a coveted Best Workplaces list.Follow Great Place To Work on LinkedIn, X, and Instagram, and sign up for Great Place To Work LinkedIn newsletter, Culture Edge, to get the latest research on what drives business success.ABOUT FORTUNE MEDIA
Fortune is a global multi-platform media company built on a legacy of trusted, award-winning reporting and information for those who want to make business better. Independently owned, Fortune tells the stories of the world's biggest companies and their leaders, as well as a new generation of innovators who are moving business forward. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks and holds companies accountable in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World's Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Fortune Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com. 










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Original: Marriott International Named a Top 10 Fortune and Great Place To Work® 100 Best Workplaces in the U.S., Reflecting Nearly 100 Years of Putting People First

Marriott International and Lefay Announce Milestone Deal to Grow Luxury Wellness Offerings GloballyMarch 31, 2026 1:15 AM
PR Newswire (US)

Key FactsMarriott International and the Leali family, founders of Lefay, today announced their plans to enter into a joint venture to bring the highly awarded luxury wellness hospitality brand Lefay into the Marriott portfolio.Lefay will be the first brand in Marriott's portfolio dedicated exclusively to luxury wellness.The Lefay portfolio features two award-winning luxury resorts in Lago di Garda and Dolomiti Italy—both located in nature-rich leisure destinations. Additionally, the brand's pipeline includes three properties under development in Tuscany, Southern Italy, and the Swiss Alps.Together, the parties intend to grow the brand around the world, leveraging Marriott's powerful development capabilities.BETHESDA, Md., March 31, 2026 /PRNewswire/ -- Marriott International (Nasdaq: MAR) and the Leali family, founders of Lefay, today announced their plans to enter into a joint venture to bring the highly awarded luxury wellness hospitality brand Lefay into the Marriott portfolio. This collaboration combines Lefay's approach to holistic wellbeing with Marriott's global scale, and the power of its award-winning Marriott Bonvoy loyalty platform. Lefay will be the first brand in Marriott's portfolio dedicated exclusively to luxury wellness.







Founded in Italy in 2006 by Domenico Alcide and Liliana Leali, Lefay is known for its immersive resorts in natural settings and its proprietary Lefay SPA Method, which blends scientific research with holistic wellness traditions. The brand's philosophy centers on space, serenity, and sustainability and aims to redefine modern luxury through wellbeing and authenticity.The Lefay portfolio features two award-winning luxury resorts in Lago di Garda and Dolomiti Italy—both located in nature-rich leisure destinations. Additionally, the brand's pipeline includes three properties under development in Tuscany, Southern Italy, and the Swiss Alps. Lefay's existing and pipeline resorts will operate under long-term hotel management agreements with the new joint venture, to which Lefay will contribute existing brand and intellectual property assets. The Italian real estate assets will continue to be held by the brand's founders. Together, the parties intend to grow the brand around the world, leveraging Marriott's powerful development capabilities."Marriott is thrilled to collaborate with the Leali family as we grow our luxury wellness portfolio," said Anthony Capuano, President and CEO, Marriott International. "Luxury is increasingly defined by wellbeing, purpose and meaningful experiences. We are excited to introduce Lefay to our customers around the world and thoughtfully expand Marriott's presence in the luxury wellness space."A Heritage Brand Embracing Global Wellbeing "Our family founded Lefay nearly twenty years ago with a clear vision: to create destinations where wellbeing, nature and health come together authentically," said Domenico Alcide and Liliana Leali, founders of Lefay. "We are deeply honored to begin this collaboration with Marriott and to further advance our vision of bringing the Lefay brand to the world."Each Lefay property is designed as an eco-resort, emphasizing architectural harmony with the natural environment, expansive indoor-outdoor spaces, sustainable materials, and wellness programs that integrate movement, nutrition, and preventative health. Guests may choose from à-la-carte treatments or structured multi-day wellness programs, all rooted in Lefay's holistic philosophy.Strengthening Marriott's Luxury Portfolio and Wellness OfferingsLefay will complement Marriott's existing Luxury Group portfolio while appealing to a rapidly expanding global audience seeking transformative travel experiences focused on health and longevity."Lefay represents a new expression of luxury, one that is wellness-first, deeply experiential, and emotionally resonant," said Tina Edmundson, President of Luxury, Marriott International. "As guest expectations continue to evolve, our collaboration with Lefay will allow us to thoughtfully extend our luxury offerings into a space where wellbeing is not just an amenity, but the heart of the travel experience.""Lefay is proud to join Marriott's Luxury Group, alongside some of the most prestigious hotel brands, such as The Ritz-Carlton, St. Regis, EDITION and The Luxury Collection," said Alcide Leali, CEO of Lefay. "Together, we are poised to accelerate the global expansion of the Lefay brand and further reinforce Lefay's position as a leading name in luxury wellness hospitality."The relationship between Marriott and the Leali family reflects a shared vision to preserve Lefay's distinct identity and Italian heritage while supporting its long-term growth through carefully selected destinations that align with the brand's values.The transaction is subject to customary approvals and closing conditions.Access the full gallery of high-resolution Lefay property images here.NOTE ON FORWARD-LOOKING STATEMENTS
All statements in this press release are made as of March 31, 2026. Marriott undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release contains "forward-looking statements" within the meaning of United States federal securities laws, including statements related to Marriott's expectations regarding closing the transaction; future growth and expansion opportunities, plans and expectations; customer trends and expectations; transaction benefits; and similar statements concerning possible future events or expectations that are not historical facts. Marriott cautions you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that the company may not be able to accurately predict or assess, including failure to satisfy the conditions to the consummation of the transaction, including the receipt of required regulatory approvals; the ability of Marriott and Lefay to successfully grow and operate the brand after the transaction closes; and the other risk factors that Marriott describes in its U.S. Securities and Exchange Commission filings, including the company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations Marriott expresses or implies in this press release.ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,800 properties in 145 countries and territories, as of December 31, 2025. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.IRPR#1 










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Original: Marriott International and Lefay Announce Milestone Deal to Grow Luxury Wellness Offerings Globally

Marriott International Named a 2026 Where You Work Matters Platinum EmployerMarch 25, 2026 1:00 PM
PR Newswire (US)

Key FactsMarriott International today announced it has been recognized as a 2026 Platinum Employer on the Where You Work Matters List.Marriott is the only hotel company that is a platinum employer.Marriott has a long track record of investing in associates with competitive pay, benefits and rewards, flexible scheduling, and its signature Explore by Marriott Bonvoy™ travel discount program, encouraging associates to visit its properties and see the world.The Where You Work Matters List is an independent, non-profit assessment powered by the American Opportunity Index and led by the Burning Glass Institute and the Schultz Family Foundation with methodology developed in partnership with Harvard Business School. Recognition is based on empirical analysis of hundreds of millions of real-world career and compensation data points across industries.BETHESDA, Md., March 25, 2026 /PRNewswire/ -- Marriott International today announced it has been recognized as a 2026 Platinum Employer on the Where You Work Matters List, the highest overall distinction, honoring U.S. employers that create high-quality jobs and expand opportunity through strong career advancement and long-term retention. Marriott is the only hotel company that is a platinum overall employer on the Where You Work Matters List.







"Being named a Platinum Employer is powerful validation of our founding principle that when you take care of your people, they take care of guests, and the guests return again and again — helping our business thrive for nearly a century," said Anthony Capuano, President and Chief Executive Officer, Marriott International. "This recognition underscores our longstanding core value of putting people first and reflects our continued focus on creating meaningful careers, supporting access to opportunity, and retaining incredible talent across the U.S. and the world."The Where You Work Matters List is an independent, non-profit assessment powered by the American Opportunity Index and led by the Burning Glass Institute and the Schultz Family Foundation with methodology developed in partnership with Harvard Business School. The recognition is based on empirical analysis of hundreds of millions of real-world career and compensation data points across industries, evaluating how effectively employers support early-career opportunity, career growth, and job stability.Marriott launched its people brand "Be" in 2023, designed to attract and retain top talent. "Be" empowers associates to fulfill their career goals, offers opportunities to grow in the hospitality industry and furthers Marriott's efforts to foster a culture that promotes long-term growth and career progression. Marriott has introduced global initiatives like Elevate, Marriott's signature frontline associate development program, designed to give associates access to flexible, technology-enabled learning and coaching. Participants in Marriott's Elevate program have seen a 25% higher retention rate and been 5.5 times more likely to be promoted compared to peers who have not participated in the program. Through its Digital Learning Zone and continued focus on coaching, the company is also providing associates with real-time learning and development opportunities, guidance, and communication in real-time and in local languages across more than 140 countries and territories.  The company is continuing to invest in associates with competitive pay, benefits and rewards, flexible scheduling, and its signature Explore by Marriott Bonvoy™ travel discount program, encouraging associates to visit its properties and see the world.To learn more about life at Marriott visit http://www.marriott.com/careers.ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,800 properties in 145 countries and territories, as of December 31, 2025. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.










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Original: Marriott International Named a 2026 Where You Work Matters Platinum Employer

Marriott International Signs Agreement to Bring St. Regis Hotels & Resorts to Kapalua Bay, Hawai'iMarch 13, 2026 8:58 PM
PR Newswire (US)

Spanning 25 oceanfront acres, The Resort at Kapalua Bay is situated on one of Maui's most treasured coasts.Key Facts Marriott's management of The Resort at Kapalua Bay goes into effect on March 14, 2026, with the property maintaining the same ownership.The property is now part of Marriott Bonvoy and is slated to join the St. Regis Hotels & Resorts portfolio in 2027, following a renovation.As The Resort at Kapalua Bay enters its next evolution, the property remains open, continuing to deliver the exceptional experience guests have come to expect.BETHESDA, Md., March 13, 2026 /PRNewswire/ -- Marriott International, Inc. today announced it has signed an agreement with Kemmons Wilson Hospitality Partners ("KWHP") to bring The Resort at Kapalua Bay, a luxury oceanfront resort located on Maui's northwest coast, into the company's leading luxury portfolio.







Working with KWHP, Marriott has assumed management of the hotel's operations and continues to welcome guests to the remarkable resort as it undergoes the conversion. Following the completion of a renovation, the property is slated to join the iconic St. Regis Hotels & Resorts portfolio in 2027.Set on approximately 25 acres of pristine oceanfront and situated within the larger Kapalua Resort community, The Resort at Kapalua Bay features 146 expansive, multi-bedroom, ocean-view residences that provide privacy, space, and residential comfort paired with bespoke hospitality services."We are proud to work with Kemmons Wilson on the evolution of this exceptional resort," said Dana Jacobsohn, Marriott International Chief Development Officer, Global Mixed Use and Luxury, North America. "Kapalua Bay is one of the most iconic leisure destinations in the world, and this agreement reflects our continued momentum in growing a best-in-class luxury resort portfolio that resonates with today's discerning luxury traveler.""KWHP is thrilled to soon welcome St. Regis to Kapalua Bay. Since first investing in this extraordinary resort, our vision has been to continually elevate the quality, service, and care that define the guest experience here," said Webb Wilson, CIO at KWHP. "We believe this next chapter of the resort powerfully reinforces that commitment. Our mission—that everyone deserves hospitality—will continue to guide us as Kapalua Bay enters this exciting new era.""White Label Asset Management is proud to help lead the repositioning of The Resort at Kapalua Bay as it soon joins the St. Regis brand. This is one of the truly great resorts in the world, with an iconic setting, extraordinary grounds, and some of the most spacious accommodations in luxury hospitality," said Jonathon Vopinek, CEO and President, White Label Asset Management. "We look forward to this exciting new chapter and to delivering an exceptional luxury resort experience for locals and travelers alike."At The Resort at Kapalua Bay, guests can enjoy a variety of incredible amenities, including:Expansive residential-style accommodations overlooking tropical gardens and the Pacific Ocean, ranging from 1,774 sq ft to over 4,050 sq ft.Access to championship level golf courses and tennis courtsA 40,000 sq. ft. spa featuring 19 treatment rooms and ocean-view wellness facilities3,415 sq. ft. of indoor meeting space and 30,210 sq. ft. of outdoor event spaceDirect access to Kapalua Bay BeachSeveral extraordinary outdoor pools, including a multi-tiered, cascading lagoon poolThis agreement expands Marriott's offerings in Hawai'i, with around 30 open properties and six in the pipeline.ABOUT MARRIOTT INTERNATIONAL, INC.
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,800 properties in 145 countries and territories, as of December 31, 2025. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.










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Original: Marriott International Signs Agreement to Bring St. Regis Hotels & Resorts to Kapalua Bay, Hawai'i

➡️ Italy is estimated to be losing between €4 billion and €7 billion annually in tourism revenue compared to its pre-pandemic peak.
This shortfall is driven by:

fewer long-haul visitors from Asia

slower recovery in business and conference travel

reduced spending per visitor in major cities

higher travel and accommodation costs

uneven recovery across regions (Rome and Milan are strong; parts of the south lag behind)

Italy still attracts massive numbers of tourists, but the highest-spending segments haven’t fully returned. $MAR

Marriott International Declares Quarterly Cash DividendFebruary 12, 2026 5:30 PM
PR Newswire (US)

BETHESDA, Md., Feb. 12, 2026 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 67 cents per share of common stock. The dividend is payable on March 31, 2026, to shareholders of record as of the close of business on February 26, 2026.







ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,800 properties in 145 countries and territories, as of December 31, 2025. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.IRPR#1



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Original: Marriott International Declares Quarterly Cash Dividend

The Ritz-Carlton x Kilometre Paris: Iconic Destinations, Reimagined in Handcrafted Travel PiecesFebruary 11, 2026 11:30 AM
PR Newswire (US)

Drawing inspiration from sun-washed coastlines and resort escapes, the collaboration transforms the spirit of The Ritz-Carlton's most iconic resorts into travel pieces designed to be carried, collected, and remembered.BETHESDA, Md., Feb. 11, 2026 /PRNewswire/ -- Guided by a shared passion for travel and a deep sense of place, The Ritz-Carlton announces a new collaboration with Kilometre Paris, the luxury accessories brand renowned for its hand-embroidered, destination-driven designs. The limited-edition capsule translates four iconic coastal resorts – The Ritz-Carlton, Laguna Niguel, The Ritz-Carlton Bacara, Santa Barbara, The Ritz-Carlton, Amelia Island, and The Ritz-Carlton Key Biscayne, Miami – into a colorful assortment of beach totes, bucket bags, and bandanas perfect for leisure travel.







Reflecting The Ritz-Carlton's four-decade legacy of community stewardship, a portion of the proceeds from the collection will benefit Community Footprints, the brand's global social and environmental responsibility platform. Proceeds will support select initiatives within the local communities of participating resorts, extending the spirit of each destination beyond the stay and into the lives of the people who shape it.More than accessories, the pieces are conceived as memories you carry with you. Each design captures the mood, color, and iconography of its destination, allowing guests to take the essence of these iconic resorts home, filling each bag with the objects, stories, and discoveries gathered along the way. The result is a collection that feels as at home poolside as it does tucked into a carry-on, transforming everyday travel essentials into collectable keepsakes that celebrate place, craftsmanship, and the joy of getting away."At The Ritz-Carlton, the most meaningful travel experiences are those that connect guests more deeply to place, culture, and community," said Jamie Hoffman, Director of Global Marketing and Partnerships at The Ritz-Carlton. "Our collaboration with Kilometre is an opportunity to tell that story through design, translating the spirit, color, and character of our resorts into pieces shaped by craftsmanship and sense of place. The collection captures the memory of the journey and allows the experience to stay with guests long after departure."Anchored by Kilometre Paris' signature hand-embroidered storytelling, the capsule introduces three distinct silhouettes designed to travel beautifully. Handwoven basket bags – from the relaxed Undercover Basket to the sculptural Le Tube Basket – are crafted in Morocco using natural date palm leaves and finished with expressive embroidery inspired by each destination. Each basket is the result of a carefully considered process that brings together regional techniques and time-honored traditions, reflecting Kilometre's belief that an object can balance function with the story of how it comes to life. The collection is rounded out with a hand-spun cotton bandana, embroidered with playful nods to coastal life designed as a versatile travel companion to be worn, styled, and reimagined throughout the journey."Kilometre fits naturally with The Ritz-Carlton because we share the same obsession with excellence in every detail," said Alexandra Senes, Founder of Kilometre Paris. "At Kilometre, every choice matters, from the colors and materials we select to the people who bring each piece to life. Our work is deeply international, shaped by many hands and cultures, and driven by immense care. Like The Ritz-Carlton, we believe true luxury is not about appearance, but about craftsmanship, time, and human collaboration."Each Kilometre piece from this collection is meticulously handcrafted by skilled artisans in Morocco – a region renowned for their rich textile heritage. Created through close, long-standing relationships with artisan communities, each piece reflects Kilometre's belief that true luxury lies in time, human collaboration, and respect for craft. From intricate embroidery to final finishing, each piece is produced entirely by hand, with artisans sewing, embellishing, and assembling the items using methods passed down through generations. The result is a collection of refined, functional accessories designed as enduring expressions of craft, created to travel well beyond a single season or destination.The collection is available for purchase in person at The Ritz-Carlton Bacara, Santa Barbara; The Ritz-Carlton, Laguna Niguel; The Ritz-Carlton, Amelia Island; and The Ritz-Carlton Key Biscayne, Miami, as well as online at The Ritz-Carlton Boutiques.ABOUT THE RITZ-CARLTON HOTEL COMPANY, LLC
Delivering the Gold Standard in service in coveted destinations around the world, The Ritz-Carlton Hotel Company, LLC currently operates 125 hotels in over 35 countries and territories. From iconic urban destinations to stretches of paradise in untouched corners of the earth, The Ritz-Carlton offers the opportunity for true discovery and transformative escapes that stay with guests long after they depart. Committed to thoughtful innovation, The Ritz-Carlton encompasses two groundbreaking brand extensions, Ritz-Carlton Reserve and The Ritz-Carlton Yacht Collection. Ritz-Carlton Reserve is a collection of rare estates set apart from the world, where personalized care and cultural immersion are paramount. The Ritz-Carlton Yacht Collection translates the brand's legendary service and hospitality for sea, reimagining the ultra-luxury cruising category. For more information or reservations, visit the company website at www.ritzcarlton.com, for the latest company updates, visit news.marriott.com and to join the live conversation, use #RCMemories and follow along on Facebook, X, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly owned subsidiary of Marriott International, Inc. (NASDAQ:MAR). The Ritz-Carlton is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including complimentary nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. The Ritz-Carlton is committed to supporting the destinations where it operates through Community Footprints, the company's social and environmental responsibility program. ABOUT KILOMETRE
Kilometre Paris is a luxury fashion brand founded by Alexandra Senes, recognized for its travel-inspired, handmade, and ethically made apparel and accessories, featuring detailed embroideries that reveal global destinations, combining artisanal tradition with modern sustainability and customized storytelling. They offer unique pieces all surrounding cultural respect, artisan empowerment, and quality, with each item often including a "passport" outlining its inspiration. 










View original content to download multimedia:https://www.prnewswire.com/news-releases/the-ritz-carlton-x-kilometre-paris-iconic-destinations-reimagined-in-handcrafted-travel-pieces-302685133.htmlSOURCE Marriott International, Inc.

Original: The Ritz-Carlton x Kilometre Paris: Iconic Destinations, Reimagined in Handcrafted Travel Pieces

Marriott shares climb more than 2% as overseas growth offsets softer U.S. demandFebruary 10, 2026 10:30 AM
IH Market News
Marriott International (NASDAQ:MAR) posted fourth-quarter results on Tuesday showing that solid momentum in international markets helped counter slower conditions in the United States, lifting investor sentiment.Shares in the hotel group rose 2.13% in pre-market trading following the announcement.The world’s largest hotel operator reported adjusted earnings of $2.58 per share for the quarter, just shy of the $2.61 analysts had forecast. Revenue totaled $6.69 billion, coming in slightly ahead of consensus expectations of $6.67 billion.Global revenue per available room (RevPAR) increased 1.9% in the quarter, supported by a strong 6.1% rise across international regions, led by Europe, the Middle East and Africa. By contrast, RevPAR in the U.S. and Canada slipped 0.1%, which Marriott said was largely due to the impact of a prolonged government shutdown on business travel.“Marriott delivered excellent results in 2025,” said Anthony Capuano, President and Chief Executive Officer. “For the full year, net rooms grew over 4.3 percent, worldwide RevPAR increased 2 percent, and our fee-driven, asset-light business model continued to generate substantial cash, enabling over $4.0 billion of capital returns to shareholders.”Marriott’s development pipeline hit a record level at year-end, totaling nearly 610,000 rooms across about 4,100 properties, with 43% of those rooms already under construction.Looking ahead to 2026, the company expects worldwide RevPAR growth of 1.5% to 2.5% and net room growth of 4.5% to 5%. Adjusted EBITDA is projected to rise between 8% and 10%, and Marriott plans to return more than $4.3 billion to shareholders.Luxury properties were among the strongest performers during the quarter, with RevPAR climbing more than 6%, while growth moderated at lower price points. Marriott also finalized the integration of the citizenM brand during the period, adding 37 hotels and close to 8,800 rooms to its global portfolio.“I am proud of the results we delivered this year and am incredibly optimistic about the future,” Capuano added, pointing to the company’s “unmatched global distribution, compelling brand portfolio and Marriott Bonvoy loyalty platform.”Marriott International stock price

Original: Marriott shares climb more than 2% as overseas growth offsets softer U.S. demand

Marriott International Reports Fourth Quarter and Full Year 2025 ResultsFebruary 10, 2026 7:00 AM
PR Newswire (US)

Fourth quarter 2025 RevPAR1 increased 1.9 percent worldwide, with 6.1 percent growth in international markets and a 0.1 percent decline in U.S. & Canada. For full year 2025, RevPAR increased 2.0 percent worldwide, with 5.1 percent growth in international markets and 0.7 percent increase in U.S. & CanadaFourth quarter reported diluted EPS totaled $1.65 and adjusted diluted EPS totaled $2.58. For the full year, reported diluted EPS totaled $9.51 and adjusted diluted EPS totaled $10.02Fourth quarter reported net income totaled $445 million and adjusted net income totaled $695 million. For the full year, reported net income totaled $2,601 million and adjusted net income totaled $2,742 millionFourth quarter adjusted EBITDA totaled $1,402 million. For the full year, adjusted EBITDA totaled $5,383 millionWith gross rooms additions of nearly 100,000 rooms globally during 2025, net rooms grew over 4.3 percent from year-end 2024At the end of the year, Marriott's worldwide development pipeline reached a new record and totaled approximately 4,100 properties and nearly 610,000 rooms, with 43 percent of pipeline rooms under construction including rooms that are pending conversionThe company returned over $4.0 billion to shareholders through dividends and share repurchases in 2025For full year 2026, we expect worldwide RevPAR to rise 1.5 to 2.5 percent, net rooms growth of 4.5 to 5 percent, adjusted EBITDA2 growth of 8 to 10 percent and more than $4.3 billion of capital returns to shareholdersFor a summary of fourth quarter and full year 2025 highlights, please visit: https://news.marriott.com/static-assets/component-resources/newscenter/earnings/2025/2025-q4-earnings-infographic.pdf.BETHESDA, Md., Feb. 10, 2026 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today reported fourth quarter and full year 2025 results.







Anthony Capuano, President and Chief Executive Officer, said, "Marriott delivered excellent results in 2025, reflecting the strength of our brands, delivery of great experiences to our customers and continued momentum in development activity. For the full year, net rooms grew over 4.3 percent, worldwide RevPAR increased 2 percent, and our fee-driven, asset-light business model continued to generate substantial cash, enabling over $4.0 billion of capital returns to shareholders."In the fourth quarter, worldwide RevPAR rose 1.9 percent, driven by ADR gains. International RevPAR increased 6 percent, led by EMEA and APEC, benefiting from solid leisure transient and cross-border travel. In the U.S. & Canada, RevPAR was roughly flat, reflecting the impact of the extended government shutdown primarily on the business transient segment. Globally, our luxury hotels continued to outperform during the quarter, with RevPAR rising over 6 percent, and performance moderating down the chain scales. Our global RevPAR index, which remains at a significant premium to peers, rose in the fourth quarter and for the full year."Our development team signed approximately 163,000 organic rooms during the year, and our global pipeline expanded to nearly 610,000 rooms at the end of December, up roughly 6 percent from year-end 2024. Conversions contributed about one-third of organic room signings and gross room additions, underscoring the continued attractiveness of our brands to owners around the world."We continue to enhance our portfolio to meet the evolving needs of our guests. During the fourth quarter, we completed the integration of the citizenM portfolio, adding 37 hotels and nearly 8,800 rooms to our system. We marked the opening of the first 37 Series by Marriott hotels in India and expanded the brand into the U.S. and Canada, with its first two properties opening just months after the brand's regional debut."In 2025, we added approximately 43 million members to Marriott Bonvoy, bringing total membership to nearly 271 million at year-end. By delivering unique travel and related experiences across hotel stays and beyond, Marriott Bonvoy continued to drive strong engagement. Member stays in 2025 accounted for 75 percent of room nights in the U.S. & Canada and 68 percent globally."I am proud of the results we delivered this year and am incredibly optimistic about the future, given our unmatched global distribution, compelling brand portfolio and Marriott Bonvoy loyalty platform, combined with our powerful cash generating, asset-light business model. As we look ahead, we remain focused on the disciplined execution of our growth strategy, delivering exceptional experiences for our guests, strong performance for our owners, and long-term value for our shareholders."Fourth Quarter 2025 Results
Franchise and base management fees totaled $1,186 million in the 2025 fourth quarter, a 5 percent increase compared to franchise and base management fees of $1,128 million in the year-ago quarter. The increase was primarily driven by rooms growth, RevPAR increases and higher co-branded credit card fees.Incentive management fees totaled $239 million in the 2025 fourth quarter, compared to $206 million in the 2024 fourth quarter, driven by significant year-over-year increases in the U.S. & Canada, as well as growth in the APEC, EMEA and Greater China regions. Managed hotels in international markets contributed roughly two-thirds of the incentive fees earned in the quarter.Owned, leased, and other revenue, net of owned, leased, and other expense3, totaled $41 million in the 2025 fourth quarter, compared to $72 million in the 2024 fourth quarter. Owned, leased, and other expense in the 2025 fourth quarter included $23 million of expenses related to the termination of our licensing agreement with Sonder Holdings Inc., which are excluded from our adjusted results. Owned, leased, and other revenue, net of direct expenses, excluding the impact of the reclassification discussed in footnote 3 below, would have totaled $106 million in the 2025 fourth quarter, compared to $100 million in the 2024 fourth quarter.General and administrative expenses3 for the 2025 fourth quarter totaled $241 million, compared to $261 million in the year-ago quarter, primarily driven by lower compensation costs and litigation expenses. Had we not undertaken the reclassification, general, administrative, and other expenses would have totaled $306 million in the 2025 fourth quarter, and would have included $23 million of expenses related to the Sonder termination, compared to $289 million in the year-ago quarter.Interest expense, net, totaled $199 million in the 2025 fourth quarter, compared to $170 million in the year-ago quarter. The increase was largely due to higher interest expense associated with higher debt balances.Marriott's reported operating income totaled $777 million in the 2025 fourth quarter, compared to 2024 fourth quarter reported operating income of $752 million. Reported net income totaled $445 million in the 2025 fourth quarter, a 2 percent decrease compared to 2024 fourth quarter reported net income of $455 million. Reported diluted earnings per share (EPS) totaled $1.65 in the quarter, compared to reported diluted EPS of $1.63 in the year-ago quarter.Adjusted operating income in the 2025 fourth quarter totaled $1,155 million, compared to 2024 fourth quarter adjusted operating income of $1,072 million. Fourth quarter 2025 adjusted net income totaled $695 million, compared to 2024 fourth quarter adjusted net income of $686 million. Adjusted diluted EPS in the 2025 fourth quarter totaled $2.58, compared to adjusted diluted EPS of $2.45 in the year-ago quarter.Adjusted results excluded cost reimbursement revenue, reimbursed expenses, restructuring and merger-related recoveries/charges, and other expenses, and impairment charges and expenses related to the Sonder termination. See the press release schedules for the calculation of adjusted results and the manner in which the adjusted measures are determined in this press release.Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $1,402 million in the 2025 fourth quarter, a 9 percent increase compared to fourth quarter 2024 adjusted EBITDA of $1,286 million. See the press release schedules for the adjusted EBITDA calculation.Income Statement Reclassification
In the 2025 fourth quarter, to enhance understanding of the Company's general and administrative costs, we reclassified amounts attributable to other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements. The expenses that were reclassified from "General, administrative, and other" are certain costs associated with our property-related fee revenues, such as guarantee expense, provision for credit losses, and certain brand-related or property-related expenses, as well as costs associated with certain third-party agreements. Please refer to the Consolidated Operating Income - As Reclassified section in the press release schedules for information about the effects of the reclassification on the three and twelve months ended December 31, 2025 and December 31, 2024 consolidated operating costs and expenses, and to the Expense Captions - As Reclassified section for information about the affected expense captions, as reclassified, for each quarter and the full fiscal year of 2025.Selected Performance Information
Net rooms grew over 4.3 percent from year-end 2024, as the company added roughly 73,600 net rooms during the year, including approximately 51,600 net rooms in international markets. At the end of the year, Marriott's global system totaled over 9,800 properties, with nearly 1,780,000 rooms.At year-end, the company's worldwide development pipeline totaled 4,056 properties with nearly 610,000 rooms, including 234 properties with over 35,000 rooms approved for development, but not yet subject to signed contracts. The year-end pipeline included 1,648 properties with nearly 265,000 rooms under construction, including hotels that are in the process of converting to our system. Over half of the rooms in the year-end pipeline are in international markets.In the 2025 fourth quarter, worldwide RevPAR increased 1.9 percent (a 2.4 percent increase using actual dollars) compared to the 2024 fourth quarter. RevPAR in the U.S. & Canada declined 0.1 percent (a 0.1 percent decrease using actual dollars) year-over-year, and RevPAR in international markets increased 6.1 percent (a 7.6 percent increase using actual dollars) year-over-year.Balance Sheet & Common Stock
At year-end 2025, Marriott's total debt was $16.2 billion and cash and equivalents totaled $0.4 billion, compared to $14.4 billion in debt and $0.4 billion of cash and equivalents at year-end 2024.The company repurchased 3.5 million shares of common stock in the 2025 fourth quarter for $1.0 billion. For full year 2025, Marriott repurchased 12.1 million shares for $3.3 billion. Year-to-date through February 6, the company has repurchased 1.1 million shares for $350 million.Company Outlook
The Company's updated outlook generally assumes the continuation of the current macro-economic environment. The outlook includes around a 35 percent increase in the co-branded credit card fees that Marriott recognizes in franchise fees, primarily reflecting expected strong growth in spending across our global co-branded card portfolio and an increase in the royalty rate associated with the payments received from the credit card companies that Marriott recognizes in franchise fees. The outlook does not include any impact from the renegotiation of our U.S. co-branded cards, as those discussions are still ongoing.
First Quarter 2026vs. First Quarter 2025Full Year 2026vs. Full Year 2025Comparable systemwide constant $ RevPAR growth

Worldwide1.0% to 2.0%1.5% to 2.5%


Year-End 2026vs. Year-End 2025Net rooms growth
4.5% to 5%
($ in millions, except EPS)First Quarter 2026Full Year 2026Gross fee revenues$1,365 to $1,380$5,895 to $5,955Owned, leased, and other revenue, net of owned,
leased, and other expenseApprox. $15$230 to $240General and administrative expenses$215 to $210$895 to $875Adjusted EBITDA1,2$1,305 to $1,325$5,840 to $5,930Adjusted EPS – diluted2,3$2.50 to $2.55$11.32 to $11.57Adjusted effective tax rate2Approx. 24.5%26.0% to 26.5%Investment spending4
$1,000 to $1,100Capital return to shareholders5
Over $4,300
1See the press release schedules for the adjusted EBITDA calculations.2Adjusted EBITDA, Adjusted EPS – diluted, and Adjusted effective tax rate for first quarter and full year 2026 do not include cost reimbursement revenue, reimbursed expenses, restructuring and merger-related recoveries/charges, and other expenses, income tax special items, or any potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant.3Assumes the level of capital return to shareholders noted above.4Investment spending includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities, but excludes any potential property or brand acquisitions, which we cannot forecast with sufficient accuracy and which may be significant.5Assumes the level and types of investment spending noted above and that no asset sales, property acquisitions or brand acquisitions occur during the year.Marriott International, Inc. (Nasdaq: MAR) will conduct its quarterly earnings review for the investment community and news media on Tuesday, February 10, 2026, at 8:30 a.m. Eastern Time (ET). The conference call will be webcast simultaneously via Marriott's investor relations website at www.marriott.com/investor (click on "Events & Presentations" and click on the quarterly conference call link). A replay will be available at that same website until February 10, 2027.The telephone dial-in number for the conference call is US Toll Free: 800-245-3047, or Global: +1 203-518-9765. The conference ID is MAR4Q25.Note on forward-looking statements: All statements in this press release and the accompanying schedules are made as of February 10, 2026. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release and the accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including statements related to our RevPAR, rooms growth and other financial metric estimates, outlook and assumptions; cash generation, shareholder returns, and shareholder value; our growth prospects and growth strategy; our development pipeline; owner preference and property performance; our co-branded credit card program; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we describe in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of compelling brands across luxury, premium, select, midscale, extended stay, and all-inclusive, with over 9,800 properties in 145 countries and territories, as of December 31, 2025. Marriott franchises, operates, and licenses hotel, residential, timeshare, yacht, outdoor, and other lodging products all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.IRPR#1
Tables follow



1All occupancy, Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) statistics and estimates are systemwide constant dollar. Unless otherwise stated, all changes refer to year-over-year changes for the comparable period. Occupancy, ADR and RevPAR comparisons between 2025 and 2024 reflect properties that are comparable in both years.2Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for full year 2026 does not include cost reimbursement revenue, reimbursed expenses, restructuring and merger-related recoveries/charges, and other expenses, income tax special items, or any potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. See the press release schedules for the adjusted EBITDA calculation.3In the 2025 fourth quarter, to enhance understanding of the Company's general and administrative costs, we reclassified amounts attributable to other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements. Please see the Income Statement Reclassification section of this press release for additional information. We refer to this reclassification as "the reclassification" in this press release. MARRIOTT INTERNATIONAL, INC.PRESS RELEASE SCHEDULESTABLE OF CONTENTSQUARTER 4, 2025

Consolidated Statements of IncomeA-2Non-GAAP Financial MeasuresA-5Consolidated Operating Income - As ReclassifiedA-5Expense Captions - As ReclassifiedA-7Total Lodging Products by Ownership TypeA-8Total Lodging Products by TierA-10Key Lodging StatisticsA-12Adjusted EBITDAA-16Adjusted EBITDA Forecast - First Quarter 2026A-17Adjusted EBITDA Forecast - Full Year 2026A-18Explanation of Non-GAAP Financial and Performance MeasuresA-19 MARRIOTT INTERNATIONAL, INC.CONSOLIDATED STATEMENTS OF INCOMEFOURTH QUARTER 2025 AND 2024($ in millions except per share amounts, unaudited)












Percent

Three Months Ended
Three Months Ended
Better/(Worse)

December 31, 2025
December 31, 2024
2025 vs. 2024REVENUES





Franchise fees1
$                                  843
$                                  795
6Base management fees
343
333
3Incentive management fees
239
206
16Gross fee revenues
1,425
1,334
7Contract investment amortization2
(49)
(27)
(81)Net fee revenues
1,376
1,307
5Owned, leased, and other revenue3
457
418
9Cost reimbursement revenue4
4,857
4,704
3

6,690
6,429
4






OPERATING COSTS AND EXPENSES





Owned, leased, and other expense5*
416
346
(20)Depreciation, amortization, and other6
59
46
(28)General and administrative7*
241
261
8Restructuring and merger-related charges, and other
29
52
44Reimbursed expenses4
5,168
4,972
(4)

5,913
5,677
(4)






OPERATING INCOME
777
752
3






Gains and other income, net8
3
16
(81)Interest expense
(208)
(180)
(16)Interest income
9
10
(10)Equity in earnings9
1
—
**






INCOME BEFORE INCOME TAXES
582
598
(3)






Provision for income taxes
(137)
(143)
4






NET INCOME
$                                  445
$                                  455
(2)






EARNINGS PER SHARE





Earnings per share - basic
$                                 1.66
$                                 1.63
2Earnings per share - diluted
$                                 1.65
$                                 1.63
1






Basic shares (in millions)
268.5
278.9

Diluted shares (in millions)
269.4
280.1








* In the 2025 fourth quarter, we reclassified amounts attributable to other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements. Please see the Consolidated Operating Income - As Reclassified section in these press release schedules for information about the effects of the reclassification.** Calculated Percentage is not meaningful.1 Franchise fees include fees from our franchise and license agreements for lodging properties (including our timeshare properties), application and relicensing fees, co-branded credit card fees, residential branding fees, and other brand-related fees.2 Contract investment amortization includes amortization of capitalized costs to obtain contracts with customers and any related impairments.3 Owned, leased, and other revenue includes revenue from the properties we own or lease, termination fees, and other revenue.4 Cost reimbursement revenue includes reimbursements from hotel owners and certain other counterparties for property-level and centralized programs and services that we operate for their benefit. Reimbursed expenses include costs incurred by Marriott for certain property-level operating expenses and centralized programs and services that we operate for the benefit of our hotel owners and certain other counterparties.5 Owned, leased, and other expense includes operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses, and other expenses, such as expenses related to our Global Design services, certain costs associated with our property-related fee revenues (such as guarantee expense, provision for credit losses, and certain brand-related or property-related expenses), and costs associated with certain third-party agreements.6 Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of acquired contracts, software, and other definite-lived intangible assets, and any related impairments, accelerations, or write-offs.7 General and administrative expenses include our corporate and business segments overhead costs and general expenses.8 Gains and other income, net includes gains and losses on the sale of real estate, the sale of joint venture interests and other investments, and adjustments from other equity investments.9 Equity in earnings include our equity in earnings or losses of unconsolidated equity method investments. MARRIOTT INTERNATIONAL, INC.CONSOLIDATED STATEMENTS OF INCOMEFULL YEAR 2025 AND 2024($ in millions except per share amounts, unaudited)












Percent

Twelve Months Ended
Twelve Months Ended
Better/(Worse)

December 31, 2025
December 31, 2024
2025 vs. 2024REVENUES





Franchise fees1
$                               3,325
$                               3,113
7Base management fees
1,322
1,288
3Incentive management fees
791
769
3Gross fee revenues
5,438
5,170
5Contract investment amortization2
(135)
(103)
(31)Net fee revenues
5,303
5,067
5Owned, leased, and other revenue3
1,679
1,551
8Cost reimbursement revenue4
19,204
18,482
4

26,186
25,100
4






OPERATING COSTS AND EXPENSES





Owned, leased, and other expense5*
1,461
1,329
(10)Depreciation, amortization, and other6
213
183
(16)General and administrative7*
870
945
8Restructuring and merger-related (recoveries)
charges, and other
(2)
77
103Reimbursed expenses4
19,503
18,799
(4)

22,045
21,333
(3)






OPERATING INCOME
4,141
3,767
10






Gains and other income, net8
9
31
(71)Interest expense
(809)
(695)
(16)Interest income
42
40
5Equity in earnings9
11
8
38






INCOME BEFORE INCOME TAXES
3,394
3,151
8






Provision for income taxes
(793)
(776)
(2)






NET INCOME
$                               2,601
$                               2,375
10






EARNINGS PER SHARE





Earnings per share - basic
$                                 9.53
$                                 8.36
14Earnings per share - diluted
$                                 9.51
$                                 8.33
14






Basic shares (in millions)
272.9
284.2

Diluted shares (in millions)
273.6
285.2








* In the 2025 fourth quarter, we reclassified amounts attributable to other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements. Please see the Consolidated Operating Income - As Reclassified section in these press release schedules for information about the effects of the reclassification.1 Franchise fees include fees from our franchise and license agreements for lodging properties (including our timeshare properties), application and relicensing fees, co-branded credit card fees, residential branding fees, and other brand-related fees.2 Contract investment amortization includes amortization of capitalized costs to obtain contracts with customers and any related impairments.3 Owned, leased, and other revenue includes revenue from the properties we own or lease, termination fees, and other revenue.4 Cost reimbursement revenue includes reimbursements from hotel owners and certain other counterparties for property-level and centralized programs and services that we operate for their benefit. Reimbursed expenses include costs incurred by Marriott for certain property-level operating expenses and centralized programs and services that we operate for the benefit of our hotel owners and certain other counterparties.5 Owned, leased, and other expense includes operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses, and other expenses, such as expenses related to our Global Design services, certain costs associated with our property-related fee revenues (such as guarantee expense, provision for credit losses, and certain brand-related or property-related expenses), and costs associated with certain third-party agreements.6 Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of acquired contracts, software, and other definite-lived intangible assets, and any related impairments, accelerations, or write-offs.7 General and administrative expenses include our corporate and business segments overhead costs and general expenses.8 Gains and other income, net includes gains and losses on the sale of real estate, the sale of joint venture interests and other investments, and adjustments from other equity investments.9 Equity in earnings include our equity in earnings or losses of unconsolidated equity method investments. MARRIOTT INTERNATIONAL, INC.NON-GAAP FINANCIAL MEASURES($ in millions except per share amounts)











The following table presents our reconciliations of Adjusted operating income, Adjusted operating income margin, Adjusted net income, and Adjusted diluted earnings per share
to the most directly comparable GAAP measure. Adjusted total revenues is used in the determination of Adjusted operating income margin.












Three Months Ended
Twelve Months Ended




Percent




Percent
December 31,
December 31,
Better/
December 31,
December 31,
Better/
2025
2024
(Worse)
2025
2024
(Worse)Total revenues, as reported$          6,690
$          6,429


$        26,186
$        25,100

Less: Cost reimbursement revenue(4,857)
(4,704)


(19,204)
(18,482)

Add: Impairments related to Sonder
Termination115
—


15
—

Adjusted total revenues†1,848
1,725


6,997
6,618

























Operating income, as reported777
752


4,141
3,767

Less: Cost reimbursement revenue(4,857)
(4,704)


(19,204)
(18,482)

Add: Reimbursed expenses5,168
4,972


19,503
18,799

Add (Less): Restructuring and merger-related
charges (recoveries), and other29
52


(2)
77

Add: Impairments related to Sonder Termination115
—


15
—

Add: Expenses related to Sonder Termination223
—


23
—

Adjusted operating income†1,155
1,072
8
4,476
4,161
8























Operating income margin12 %
12 %


16 %
15 %

Adjusted operating income margin†63 %
62 %


64 %
63 %

























Net income, as reported445
455


2,601
2,375

Less: Cost reimbursement revenue(4,857)
(4,704)


(19,204)
(18,482)

Add: Reimbursed expenses5,168
4,972


19,503
18,799

Add (Less): Restructuring and merger-related
charges (recoveries), and other29
52


(2)
77

Add: Impairments related to Sonder Termination115
—


15
—

Add: Expenses related to Sonder Termination223
—


23
—

Less: Gain on asset dispositions3—
(11)


—
(11)

Income tax effect of above adjustments(106)
(78)


(98)
(98)

Less: Income tax special items(22)
—


(96)
—

Adjusted net income†$             695
$             686
1
$          2,742
$          2,660
3























Diluted earnings per share, as reported$            1.65
$            1.63


$            9.51
$            8.33

Adjusted diluted earnings per share†$            2.58
$            2.45
5
$          10.02
$            9.33
7











† Denotes non-GAAP financial measures. Please see the Explanation of Non-GAAP Financial and Performance Measures section in these press release schedules for information about our reasons for providing these alternative financial measures and the limitations on their use.
1 Impairments related to the termination of our licensing agreement with Sonder Holdings Inc. (the "Sonder Termination") reported in Contract investment amortization.
2 Expenses related to Sonder Termination reported in Owned, leased, and other expense.
3 Gain on asset dispositions reported in Gains and other income, net. MARRIOTT INTERNATIONAL, INC.CONSOLIDATED OPERATING INCOME - AS RECLASSIFIEDFOURTH QUARTER AND FULL YEAR 2025 AND 2024($ in millions)
In the 2025 fourth quarter, to enhance understanding of the Company's general and administrative costs, we reclassified amounts attributable to other expenses previously reported
under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our Income Statements. The expenses that were reclassified from
"General, administrative, and other" are certain costs associated with our property-related fee revenues, such as guarantee expense, provision for credit losses, and certain
brand-related or property-related expenses, as well as costs associated with certain third-party agreements. The following tables present the effects of the reclassification (also
referred to in these schedules as the "reclass") on the three and twelve months ended December 31, 2025 and December 31, 2024 consolidated operating costs and expenses.














Three Months Ended
Three Months Ended
Percent
Better/(Worse)
Before
Reclass 2025
vs. 2024
December 31, 2025
December 31, 2024

Before
Reclass
Reclass
As
Reclassified
As
Previously
Reported
Reclass
As
Reclassified
REVENUES












Franchise fees$           843
$             —
$             843
$           795
$             —
$             795

Base management fees343
—
343
333
—
333

Incentive management fees239
—
239
206
—
206

Gross fee revenues1,425
—
1,425
1,334
—
1,334

Contract investment amortization(49)
—
(49)
(27)
—
(27)

Net fee revenues1,376
—
1,376
1,307
—
1,307

Owned, leased, and other revenue457
—
457
418
—
418

Cost reimbursement revenue4,857
—
4,857
4,704
—
4,704


6,690
—
6,690
6,429
—
6,429















OPERATING COSTS AND EXPENSES












Owned, leased, and other expense1351
65
416
318
28
346
(10)Depreciation, amortization, and other59
—
59
46
—
46

General and administrative2306
(65)
241
289
(28)
261
(6)Restructuring and merger-related
charges, and other29
—
29
52
—
52

Reimbursed expenses5,168
—
5,168
4,972
—
4,972


5,913
—
5,913
5,677
—
5,677















OPERATING INCOME$           777
$             —
$             777
$           752
$             —
$             752



Twelve Months Ended
Twelve Months Ended
Percent
Better/(Worse)
Before
Reclass 2025
vs. 2024
December 31, 2025
December 31, 2024

Before
Reclass
Reclass
As
Reclassified
As
Previously
Reported
Reclass
As
Reclassified
REVENUES












Franchise fees$        3,325
$             —
$          3,325
$        3,113
$             —
$          3,113

Base management fees1,322
—
1,322
1,288
—
1,288

Incentive management fees791
—
791
769
—
769

Gross fee revenues5,438
—
5,438
5,170
—
5,170

Contract investment amortization(135)
—
(135)
(103)
—
(103)

Net fee revenues5,303
—
5,303
5,067
—
5,067

Owned, leased, and other revenue1,679
—
1,679
1,551
—
1,551

Cost reimbursement revenue19,204
—
19,204
18,482
—
18,482


26,186
—
26,186
25,100
—
25,100















OPERATING COSTS AND EXPENSES












Owned, leased, and other expense11,301
160
1,461
1,200
129
1,329
(8)Depreciation, amortization, and other213
—
213
183
—
183

General and administrative21,030
(160)
870
1,074
(129)
945
4Restructuring and merger-related (recoveries)
charges, and other(2)
—
(2)
77
—
77

Reimbursed expenses19,503
—
19,503
18,799
—
18,799


22,045
—
22,045
21,333
—
21,333















OPERATING INCOME$        4,141
$             —
$          4,141
$        3,767
$             —
$          3,767















1 Previously titled "Owned, leased, and other - direct." The as reclassified amount includes $23 million of expenses related to the Sonder Termination.2 Previously titled "General, administrative, and other." The amount before reclass includes $23 million of expenses related to the Sonder Termination. MARRIOTT INTERNATIONAL, INC.EXPENSE CAPTIONS - AS RECLASSIFIED QUARTERLY AND FULL YEAR 2025($ in millions)
As discussed in the Consolidated Operating Income - As Reclassified section of these press release schedules, we reclassified amounts attributable to
other expenses previously reported under the "General, administrative, and other" caption to the "Owned, leased, and other expense" caption of our
Income Statements. The following table includes the affected expense captions, as reclassified, for each quarter and the full fiscal year of 2025.

Fiscal Year 2025
First Quarter
Second Quarter
ThirdQuarter
Fourth Quarter
TotalOwned, leased, and other revenue$            361
$            441
$            420
$            457
$         1,679Owned, leased, and other expense332
363
350
416
1,461Owned, leased, and other revenue, net of owned, leased, and other
expense$              29
$              78
$              70
$              41
$            218









General and administrative$            209
$            210
$            210
$            241
$            870 MARRIOTT INTERNATIONAL, INC.TOTAL LODGING PRODUCTS BY OWNERSHIP TYPEAs of December 31, 2025







US & CanadaTotal International1Total Worldwide
PropertiesRoomsPropertiesRoomsPropertiesRoomsFranchised, Licensed, and Other5,765864,4271,879319,0867,6441,183,513 Courtyard by Marriott 931125,43114326,3501,074151,781 Fairfield by Marriott 1,186111,98813218,7601,318130,748 Residence Inn by Marriott 82097,864394,837859102,701 Marriott Hotels 23775,1618523,61032298,771 Autograph Collection 15835,46817033,95832869,426 Sheraton 14143,7088623,78022767,488 SpringHill Suites by Marriott 56666,200——56666,200 TownePlace Suites by Marriott 56756,962——56756,962 Four Points by Sheraton 14420,71413925,09228345,806 Westin 9632,7623410,18013042,942 AC Hotels by Marriott 13422,31910815,88124238,200 Moxy Hotels 488,22411722,33916530,563 Aloft Hotels 16723,903326,06619929,969 Tribute Portfolio 10219,0807010,03317229,113 Renaissance Hotels 7119,545338,42910427,974 MGM Collection with Marriott Bonvoy 1226,210——1226,210 Delta Hotels by Marriott 6715,076417,92610823,002 Timeshare* 7318,949223,9639522,912 The Luxury Collection 157,8126614,2038122,015 City Express by Marriott 111,12914717,78115818,910 Design Hotels* 252,69319812,79522315,488 Element Hotels 9913,110693610514,046 Le Méridien 245,299287,9315213,230 JW Marriott 136,327153,264289,591 citizenM 164,374193,938358,312 Four Points Flex by Sheraton ——547,806547,806 Protea Hotels by Marriott ——383,371383,371 Series by Marriott 2164372,597392,761 Marriott Executive Apartments ——91,80391,803 Outdoor Collection by Marriott Bonvoy 321,532——321,532 W Hotels 11,117122621,343 Apartments by Marriott Bonvoy 238132755656 The Ritz-Carlton Yacht Collection* ——36033603 StudioRes 4496——4496 The Ritz-Carlton 14291202449 St. Regis ——11721172 Bvlgari ——21612161 Owned/Leased 145,539378,8675114,406 Sheraton 11,21831,72442,942 Marriott Hotels 21,30451,63172,935 Courtyard by Marriott 79874894111,881 W Hotels 2765266541,430 Westin 11,073——11,073 Protea Hotels by Marriott ——59125912 JW Marriott ——26962696 The Ritz-Carlton ——25482548 Renaissance Hotels ——25052505 The Luxury Collection ——33833383 Autograph Collection ——53605360 Residence Inn by Marriott 119211402332 Tribute Portfolio ——22492249 St. Regis ——11601160Managed582206,5381,384359,2261,966565,764 Marriott Hotels 9755,39419361,137290116,531 Sheraton 2318,92818258,60020577,528 Courtyard by Marriott 14523,48313228,94527752,428 Westin 4021,7348024,23512045,969 JW Marriott 2313,1917727,41310040,604 The Ritz-Carlton 4212,8018018,48112231,282 Four Points by Sheraton 113410026,46810126,602 Renaissance Hotels 219,0655316,5337425,598 Le Méridien ——7018,7667018,766 W Hotels 205,4004612,0606617,460 St. Regis 132,6695111,2406413,909 Residence Inn by Marriott 6811,31889827612,300 Gaylord Hotels 711,820——711,820 The Luxury Collection 62,296428,0304810,326 Fairfield by Marriott 51,043588,9576310,000 Aloft Hotels 2505429,342449,847 Delta Hotels by Marriott 246,62251,179297,801 Autograph Collection 113,269183,344296,613 Marriott Executive Apartments ——415,932415,932 AC Hotels by Marriott 81,512173,116254,628 EDITION 51,379173,238224,617 Element Hotels 3810142,712173,522 Moxy Hotels 1380153,099163,479 Protea Hotels by Marriott ——222,737222,737 SpringHill Suites by Marriott 132,170——132,170 Tribute Portfolio ——121,557121,557 Bvlgari ——76467646 TownePlace Suites by Marriott 4615——4615 citizenM ——24772477Residences727,553728,70014416,253 The Ritz-Carlton Residences 434,763231,928666,691 St. Regis Residences 111,279141,916253,195 W Residences 98698768171,637 Marriott Residences ——51,28351,283 JW Marriott Residences 19141,05551,146 Westin Residences 326634136679 Bvlgari Residences ——55265526 Sheraton Residences ——34723472 The Luxury Collection Residences 1912853176 Tribute Portfolio Residences ——11371137 Renaissance Residences 1112——1112 EDITION Residences 382110492 Le Méridien Residences ——162162 Autograph Collection Residences ——245245Grand Total6,4331,084,0573,372695,8799,8051,779,936






1 "International" refers to: (i) Europe, Middle East & Africa, (ii) Greater China, (iii) Asia Pacific excluding China, and (iv) Caribbean & Latin America.* Timeshare, Design Hotels, and The Ritz-Carlton Yacht Collection counts are included in this table by geographical location. For external reporting purposes, these offerings are captured within "Unallocated corporate and other."Property and room counts presented by brand in the above table include certain hotels in our system that are not yet operating under such brand, but are expected to operate under such brand following the completion of planned renovations. MARRIOTT INTERNATIONAL, INC.TOTAL LODGING PRODUCTS BY TIERAs of December 31, 2025







US & CanadaTotal International1Total WorldwideTotal SystemwidePropertiesRoomsPropertiesRoomsPropertiesRoomsLuxury20961,361476108,497685169,858 JW Marriott 3619,5189431,37313050,891 JW Marriott Residences 19141,05551,146 The Luxury Collection 2110,10811122,61613232,724 The Luxury Collection Residences 1912853176 The Ritz-Carlton 4313,2308319,04912632,279 The Ritz-Carlton Residences 434,763231,928666,691 The Ritz-Carlton Yacht Collection* ——36033603 W Hotels 237,2824912,9517220,233 W Residences 98698768171,637 St. Regis 132,6695311,5726614,241 St. Regis Residences 111,279141,916253,195 EDITION 51,379173,238224,617 EDITION Residences 382110492 Bvlgari ——98079807 Bvlgari Residences ——55265526Premium1,198407,7201,443338,8842,641746,604 Marriott Hotels 336131,85928386,378619218,237 Marriott Residences ——51,28351,283 Sheraton 16563,85427184,104436147,958 Sheraton Residences ——34723472 Westin 13755,56911434,41525189,984 Westin Residences 326634136679 Autograph Collection 16938,73719337,66236276,399 Autograph Collection Residences ——245245 Renaissance Hotels 9228,6108825,46718054,077 Renaissance Residences 1112——1112 Le Méridien 245,2999826,69712231,996 Le Méridien Residences ——162162 Tribute Portfolio 10219,0808411,83918630,919 Tribute Portfolio Residences ——11371137 Delta Hotels by Marriott 9121,698469,10513730,803 MGM Collection with Marriott Bonvoy 1226,210——1226,210 Design Hotels* 252,69319812,79522315,488 Gaylord Hotels 711,820——711,820 Marriott Executive Apartments ——507,735507,735 Outdoor Collection by Marriott Bonvoy **321,532——321,532 Apartments by Marriott Bonvoy 238132755656Select4,936594,2381,193216,3516,129810,589 Courtyard by Marriott 1,083149,90127956,1891,362206,090 Fairfield by Marriott 1,191113,03119027,7171,381140,748 Residence Inn by Marriott 889109,374485,959937115,333 Four Points by Sheraton 14520,84823951,56038472,408 SpringHill Suites by Marriott 57968,370——57968,370 TownePlace Suites by Marriott 57157,577——57157,577 AC Hotels by Marriott 14223,83112518,99726742,828 Aloft Hotels 16924,4087415,40824339,816 Moxy Hotels 498,60413225,43818134,042 Element Hotels 10213,920203,64812217,568 citizenM 164,374214,415378,789 Protea Hotels by Marriott ——657,020657,020Midscale171,78923828,18425529,973 City Express by Marriott 111,12914717,78115818,910 Four Points Flex by Sheraton ——547,806547,806 Series by Marriott **2164372,597392,761 StudioRes 4496——4496 Timeshare* 7318,949223,9639522,912Grand Total6,4331,084,0573,372695,8799,8051,779,936






1 "International" refers to: (i) Europe, Middle East & Africa, (ii) Greater China, (iii) Asia Pacific excluding China, and (iv) Caribbean & Latin America.* Timeshare, Design Hotels, and The Ritz-Carlton Yacht Collection counts are included in this table by geographical location. For external reporting purposes, these offerings are captured within "Unallocated corporate and other." ** The Outdoor Collection by Marriott Bonvoy includes properties under both the Premium and Select quality tiers. Series by Marriott includes properties under both the Select and Midscale quality tiers.Property and room counts presented by brand in the above table include certain hotels in our system that are not yet operating under such brand, but are expected to operate under such brand following the completion of planned renovations. MARRIOTT INTERNATIONAL, INC.KEY LODGING STATISTICSIn Constant $













Comparable Company-Operated US & Canada Properties

Three Months Ended December 31, 2025 and December 31, 2024

RevPAR
Occupancy
Average Daily RateBrand
2025
vs. 2024
2025
vs. 2024
2025
vs. 2024JW Marriott
$     240.22
2.9 %
69.2 %
-1.2 %pts.
$     347.04
4.7 %The Ritz-Carlton
$     389.85
7.1 %
65.8 %
1.4 %pts.
$     592.81
4.9 %W Hotels
$     264.64
3.8 %
66.9 %
0.0 %pts.
$     395.52
3.8 %Composite US & Canada Luxury1
$     328.70
5.3 %
67.9 %
0.1 %pts.
$     483.92
5.2 %Marriott Hotels
$     166.03
1.3 %
65.1 %
-1.2 %pts.
$     255.18
3.1 %Sheraton
$     161.71
0.3 %
63.8 %
-1.7 %pts.
$     253.32
3.0 %Westin
$     179.70
5.0 %
66.3 %
0.5 %pts.
$     271.00
4.1 %Composite US & Canada Premium2
$     165.23
2.2 %
65.0 %
-0.6 %pts.
$     254.19
3.2 %US & Canada Full-Service3
$     201.25
3.3 %
65.6 %
-0.5 %pts.
$     306.58
4.1 %Courtyard by Marriott
$     105.91
-3.6 %
63.0 %
-2.2 %pts.
$     168.12
-0.1 %Residence Inn by Marriott
$     137.23
-5.4 %
71.6 %
-2.7 %pts.
$     191.59
-1.9 %Composite US & Canada Select4
$     120.16
-3.6 %
66.5 %
-2.2 %pts.
$     180.65
-0.4 %US & Canada - All5
$     182.43
2.2 %
65.8 %
-0.9 %pts.
$     277.05
3.6 %













Comparable Systemwide US & Canada Properties

Three Months Ended December 31, 2025 and December 31, 2024

RevPAR
Occupancy
Average Daily RateBrand
2025
vs. 2024
2025
vs. 2024
2025
vs. 2024JW Marriott
$     229.59
2.9 %
69.8 %
0.0 %pts.
$     328.97
2.9 %The Ritz-Carlton
$     387.50
7.0 %
66.0 %
1.2 %pts.
$     586.93
5.0 %W Hotels
$     264.64
3.8 %
66.9 %
0.0 %pts.
$     395.52
3.8 %Composite US & Canada Luxury1
$     303.12
4.9 %
68.5 %
0.4 %pts.
$     442.41
4.3 %Marriott Hotels
$     134.61
0.5 %
63.4 %
-1.0 %pts.
$     212.36
2.0 %Sheraton
$     125.27
-0.8 %
63.0 %
-1.2 %pts.
$     198.78
1.0 %Westin
$     160.19
2.2 %
66.2 %
0.2 %pts.
$     242.02
2.0 %Composite US & Canada Premium2
$     141.26
0.8 %
64.3 %
-0.7 %pts.
$     219.58
1.8 %US & Canada Full-Service3
$     159.36
1.6 %
64.8 %
-0.6 %pts.
$     245.92
2.5 %Courtyard by Marriott
$     103.33
-1.6 %
63.7 %
-1.5 %pts.
$     162.17
0.7 %Residence Inn by Marriott
$     121.19
-2.4 %
72.1 %
-1.4 %pts.
$     168.00
-0.5 %Fairfield by Marriott
$       85.04
-2.3 %
63.7 %
-1.8 %pts.
$     133.48
0.4 %Composite US & Canada Select4
$     104.25
-1.8 %
66.7 %
-1.5 %pts.
$     156.21
0.4 %US & Canada - All5
$     126.44
-0.1 %
66.0 %
-1.1 %pts.
$     191.71
1.6 %













1 Includes JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, and EDITION.2 Includes Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Autograph Collection, Delta Hotels by Marriott, and Gaylord Hotels. Systemwide also includes Le Méridien and Tribute Portfolio.3 Includes Composite US & Canada Luxury and Composite US & Canada Premium.4 Includes Courtyard by Marriott, Residence Inn by Marriott, Fairfield by Marriott, SpringHill Suites by Marriott, TownePlace Suites by Marriott, Four Points by Sheraton, Aloft Hotels, Element Hotels, AC Hotels by Marriott, and Moxy Hotels.5 Includes US & Canada Full-Service and Composite US & Canada Select. MARRIOTT INTERNATIONAL, INC.KEY LODGING STATISTICSIn Constant $













Comparable Company-Operated US & Canada Properties

Twelve Months Ended December 31, 2025 and December 31, 2024

RevPAR
Occupancy
Average Daily RateBrand
2025
vs. 2024
2025
vs. 2024
2025
vs. 2024JW Marriott
$     242.57
3.1 %
70.9 %
-0.2 %pts.
$     342.21
3.4 %The Ritz-Carlton
$     371.17
6.4 %
66.5 %
1.0 %pts.
$     557.81
4.7 %W Hotels
$     260.57
4.1 %
69.0 %
1.4 %pts.
$     377.38
2.0 %Composite US & Canada Luxury1
$     317.38
4.9 %
69.3 %
0.6 %pts.
$     457.86
4.0 %Marriott Hotels
$     171.75
1.3 %
68.7 %
-1.1 %pts.
$     249.89
3.0 %Sheraton
$     166.37
0.8 %
67.3 %
-1.5 %pts.
$     247.15
3.1 %Westin
$     185.64
2.9 %
69.4 %
-0.2 %pts.
$     267.62
3.3 %Composite US & Canada Premium2
$     171.36
2.1 %
68.6 %
-0.6 %pts.
$     249.89
2.9 %US & Canada Full-Service3
$     203.53
3.0 %
68.7 %
-0.3 %pts.
$     296.10
3.5 %Courtyard by Marriott
$     111.66
-1.4 %
66.2 %
-0.8 %pts.
$     168.71
-0.2 %Residence Inn by Marriott
$     149.75
-1.4 %
75.7 %
-0.8 %pts.
$     197.74
-0.4 %Composite US & Canada Select4
$     127.04
-1.3 %
69.7 %
-0.7 %pts.
$     182.15
-0.3 %US & Canada - All5
$     185.78
2.3 %
69.0 %
-0.4 %pts.
$     269.36
2.9 %
Comparable Systemwide US & Canada Properties

Twelve Months Ended December 31, 2025 and December 31, 2024

RevPAR
Occupancy
Average Daily RateBrand
2025
vs. 2024
2025
vs. 2024
2025
vs. 2024JW Marriott
$     232.98
2.8 %
71.5 %
0.2 %pts.
$     325.77
2.5 %The Ritz-Carlton
$     369.30
6.5 %
67.0 %
1.1 %pts.
$     551.56
4.8 %W Hotels
$     260.57
4.1 %
69.0 %
1.4 %pts.
$     377.38
2.0 %Composite US & Canada Luxury1
$     295.15
4.6 %
70.0 %
0.7 %pts.
$     421.61
3.5 %Marriott Hotels
$     143.02
1.4 %
67.4 %
-0.5 %pts.
$     212.20
2.1 %Sheraton
$     130.43
0.6 %
66.5 %
-0.7 %pts.
$     196.13
1.6 %Westin
$     166.12
2.1 %
69.6 %
-0.1 %pts.
$     238.62
2.2 %Composite US & Canada Premium2
$     147.34
1.8 %
67.8 %
-0.2 %pts.
$     217.29
2.1 %US & Canada Full-Service3
$     163.87
2.4 %
68.1 %
-0.1 %pts.
$     240.78
2.5 %Courtyard by Marriott
$     109.72
-1.6 %
67.5 %
-1.2 %pts.
$     162.63
0.3 %Residence Inn by Marriott
$     129.95
-0.9 %
75.9 %
-0.6 %pts.
$     171.19
0.0 %Fairfield by Marriott
$       92.11
-1.1 %
67.8 %
-1.1 %pts.
$     135.83
0.5 %Composite US & Canada Select4
$     111.10
-0.9 %
70.5 %
-0.9 %pts.
$     157.51
0.4 %US & Canada - All5
$     132.35
0.7 %
69.5 %
-0.6 %pts.
$     190.33
1.5 %













1 Includes JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St. Regis, and EDITION.2 Includes Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Autograph Collection, Delta Hotels by Marriott, and Gaylord Hotels. Systemwide also includes Le Méridien and Tribute Portfolio.3 Includes Composite US & Canada Luxury and Composite US & Canada Premium.4 Includes Courtyard by Marriott, Residence Inn by Marriott, Fairfield by Marriott, SpringHill Suites by Marriott, TownePlace Suites by Marriott, Four Points by Sheraton, Aloft Hotels, Element Hotels, AC Hotels by Marriott, and Moxy Hotels.5 Includes US & Canada Full-Service and Composite US & Canada Select. MARRIOTT INTERNATIONAL, INC.KEY LODGING STATISTICSIn Constant $













Comparable Company-Operated International Properties

Three Months Ended December 31, 2025 and December 31, 2024

RevPAR
Occupancy
Average Daily RateRegion
2025
vs. 2024
2025
vs. 2024
2025
vs. 2024Europe
$     224.10
2.2 %
72.7 %
1.2 %pts.
$     308.30
0.6 %Middle East & Africa
$     185.54
12.9 %
76.5 %
2.5 %pts.
$     242.47
9.2 %Greater China
$       87.21
3.7 %
69.1 %
0.6 %pts.
$     126.22
2.8 %Asia Pacific excluding China
$     144.88
8.8 %
73.8 %
1.3 %pts.
$     196.26
6.8 %Caribbean & Latin America
$     205.98
0.2 %
67.2 %
0.7 %pts.
$     306.63
-0.9 %













International - All1
$     140.58
6.6 %
71.9 %
1.2 %pts.
$     195.43
4.8 %













Worldwide2
$     157.58
4.5 %
69.5 %
0.3 %pts.
$     226.85
3.9 %
Comparable Systemwide International Properties

Three Months Ended December 31, 2025 and December 31, 2024

RevPAR
Occupancy
Average Daily RateRegion
2025
vs. 2024
2025
vs. 2024
2025
vs. 2024Europe
$     154.28
3.4 %
71.2 %
1.5 %pts.
$     216.81
1.2 %Middle East & Africa
$     168.76
12.8 %
75.3 %
1.7 %pts.
$     224.25
10.3 %Greater China
$       80.63
3.4 %
67.8 %
0.3 %pts.
$     119.01
2.9 %Asia Pacific excluding China
$     147.58
8.8 %
74.3 %
1.0 %pts.
$     198.67
7.3 %Caribbean & Latin America
$     128.42
2.1 %
64.0 %
1.1 %pts.
$     200.77
0.3 %













International - All1
$     130.02
6.1 %
70.4 %
1.0 %pts.
$     184.71
4.5 %













Worldwide2
$     127.64
1.9 %
67.4 %
-0.4 %pts.
$     189.27
2.5 %













1 Includes Europe, Middle East & Africa, Greater China, Asia Pacific excluding China, and Caribbean & Latin America. 2 Includes US & Canada - All and International - All. MARRIOTT INTERNATIONAL, INC.KEY LODGING STATISTICSIn Constant $













Comparable Company-Operated International Properties

Twelve Months Ended December 31, 2025 and December 31, 2024

RevPAR
Occupancy
Average Daily RateRegion
2025
vs. 2024
2025
vs. 2024
2025
vs. 2024Europe
$     236.81
3.1 %
72.8 %
2.1 %pts.
$     325.42
0.1 %Middle East & Africa
$     142.33
9.8 %
70.4 %
2.2 %pts.
$     202.26
6.3 %Greater China
$       82.87
0.4 %
68.5 %
0.6 %pts.
$     121.05
-0.5 %Asia Pacific excluding China
$     130.17
8.0 %
71.4 %
1.3 %pts.
$     182.35
6.0 %Caribbean & Latin America
$     196.90
5.5 %
66.3 %
0.2 %pts.
$     296.77
5.1 %













International - All1
$     127.93
5.2 %
69.9 %
1.2 %pts.
$     183.05
3.4 %













Worldwide2
$     151.41
3.7 %
69.5 %
0.6 %pts.
$     217.80
2.9 %
Comparable Systemwide International Properties

Twelve Months Ended December 31, 2025 and December 31, 2024

RevPAR
Occupancy
Average Daily RateRegion
2025
vs. 2024
2025
vs. 2024
2025
vs. 2024Europe
$     160.65
3.3 %
71.3 %
1.7 %pts.
$     225.44
0.8 %Middle East & Africa
$     131.32
10.4 %
69.7 %
2.0 %pts.
$     188.33
7.2 %Greater China
$       76.53
0.4 %
67.0 %
0.4 %pts.
$     114.20
-0.2 %Asia Pacific excluding China
$     133.12
8.4 %
72.2 %
1.5 %pts.
$     184.36
6.2 %Caribbean & Latin America
$     126.14
4.3 %
63.1 %
0.1 %pts.
$     199.85
4.2 %













International - All1
$     121.75
5.1 %
68.9 %
1.1 %pts.
$     176.73
3.4 %













Worldwide2
$     128.80
2.0 %
69.3 %
0.0 %pts.
$     185.81
2.1 %













1 Includes Europe, Middle East & Africa, Greater China, Asia Pacific excluding China, and Caribbean & Latin America. 2 Includes US & Canada - All and International - All. MARRIOTT INTERNATIONAL, INC.NON-GAAP FINANCIAL MEASURESADJUSTED EBITDA($ in millions)

Fiscal Year 2025
First Quarter
Second Quarter
ThirdQuarter
Fourth Quarter
TotalNet income, as reported$          665
$          763
$          728
$          445
$       2,601Cost reimbursement revenue(4,655)
(4,932)
(4,760)
(4,857)
(19,204)Reimbursed expenses4,722
4,874
4,739
5,168
19,503Interest expense192
203
206
208
809Interest expense from unconsolidated joint ventures 1
3
2
1
7Provision for income taxes99
291
266
137
793Depreciation and amortization51
53
50
59
213Contract investment amortization28
29
29
49
135Depreciation and amortization classified in reimbursed expenses57
61
64
69
251Depreciation, amortization, and impairments from unconsolidated joint
ventures 4
4
4
6
18Stock-based compensation52
58
61
65
236Restructuring and merger-related charges (recoveries), and other1
8
(40)
29
(2)Expenses related to Sonder Termination—
—
—
23
23Adjusted EBITDA†$       1,217
$       1,415
$       1,349
$       1,402
$       5,383









Change from 2024 Adjusted EBITDA†7 %
7 %
10 %
9 %
8 %










Fiscal Year 2024
First Quarter
Second Quarter
ThirdQuarter
Fourth Quarter
TotalNet income, as reported$          564
$          772
$          584
$          455
$       2,375Cost reimbursement revenue(4,433)
(4,728)
(4,617)
(4,704)
(18,482)Reimbursed expenses4,501
4,645
4,681
4,972
18,799Interest expense163
173
179
180
695Interest expense from unconsolidated joint ventures2
2
1
3
8Provision for income taxes163
268
202
143
776Depreciation and amortization45
47
45
46
183Contract investment amortization23
27
26
27
103Depreciation and amortization classified in reimbursed expenses48
50
52
56
206Depreciation, amortization, and impairments from unconsolidated joint
ventures5
3
4
3
15Stock-based compensation53
57
63
64
237Restructuring and merger-related charges, and other8
8
9
52
77Gain on asset dispositions—
—
—
(11)
(11)Adjusted EBITDA†$       1,142
$       1,324
$       1,229
$       1,286
$       4,981
† Denotes non-GAAP financial measures. Please see the Explanation of Non-GAAP Financial and Performance Measures section in these press release schedules for information about our reasons for providing these alternative financial measures and the limitations on their use. MARRIOTT INTERNATIONAL, INC.NON-GAAP FINANCIAL MEASURESADJUSTED EBITDA FORECASTFIRST QUARTER 2026($ in millions)






Range


Estimated
First Quarter 2026
First Quarter 2025Net income excluding certain items1$          667
$          682

Interest expense213
213

Interest expense from unconsolidated joint ventures2
2

Provision for income taxes215
220

Depreciation and amortization51
51

Contract investment amortization31
31

Depreciation and amortization classified in reimbursed expenses68
68

Depreciation, amortization, and impairments from unconsolidated joint ventures4
4

Stock-based compensation54
54

Adjusted EBITDA†$       1,305
$       1,325
$                          1,217





Increase over 2025 Adjusted EBITDA†7 %
9 %







† Denotes non-GAAP financial measures. Please see the Explanation of Non-GAAP Financial and Performance Measures section in these press release schedules for information about our reasons for providing these alternative financial measures and the limitations on their use.





1 Guidance excludes cost reimbursement revenue, reimbursed expenses, and restructuring and merger-related recoveries/charges, and other expenses, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant, except for depreciation and amortization classified in reimbursed expenses, which is included in the caption "Depreciation and amortization classified in reimbursed expenses" above. Guidance does not reflect any potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. MARRIOTT INTERNATIONAL, INC.NON-GAAP FINANCIAL MEASURESADJUSTED EBITDA FORECASTFULL YEAR 2026($ in millions)






Range


Estimated
Full Year 2026
Full Year 2025Net income excluding certain items1$       2,985
$       3,051

Interest expense895
895

Interest expense from unconsolidated joint ventures7
7

Provision for income taxes1,057
1,081

Depreciation and amortization210
210

Contract investment amortization133
133

Depreciation and amortization classified in reimbursed expenses295
295

Depreciation, amortization, and impairments from unconsolidated joint ventures17
17

Stock-based compensation241
241

Adjusted EBITDA†$       5,840
$       5,930
$                          5,383





Increase over 2025 Adjusted EBITDA†8 %
10 %







† Denotes non-GAAP financial measures. Please see the Explanation of Non-GAAP Financial and Performance Measures section in these press release schedules for information about our reasons for providing these alternative financial measures and the limitations on their use.





1 Guidance excludes cost reimbursement revenue, reimbursed expenses, and restructuring and merger-related recoveries/charges, and other expenses, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant, except for depreciation and amortization classified in reimbursed expenses, which is included in the caption "Depreciation and amortization classified in reimbursed expenses" above. Guidance does not reflect any potential asset sales or property or brand acquisitions that may occur during the year, each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant.MARRIOTT INTERNATIONAL, INC.
EXPLANATION OF NON-GAAP FINANCIAL AND PERFORMANCE MEASURESIn our press release and schedules, on the related conference call, and in the infographic made available in connection with our press release, we report certain financial measures that are not required by, or presented in accordance with, United States generally accepted accounting principles ("GAAP"). These non-GAAP financial measures are labeled as "adjusted" and/or identified with the symbol "†". We discuss the manner in which the non-GAAP measures reported in this press release, schedules, and infographic are determined and management's reasons for reporting these non-GAAP measures below, and the press release schedules reconcile each to the most directly comparable GAAP measures (with respect to the forward-looking non-GAAP measures, to the extent available without unreasonable efforts). Although management evaluates and presents these non-GAAP measures for the reasons described below, please be aware that these non-GAAP measures have limitations and should not be considered in isolation or as a substitute for revenue, operating income, net income, earnings per share, or any other comparable operating measure prescribed by GAAP. In addition, we may calculate and/or present these non-GAAP financial measures differently than measures with the same or similar names that other companies report, and as a result, the non-GAAP measures we report may not be comparable to those reported by others.Adjusted Operating Income and Adjusted Operating Income Margin. Adjusted operating income excludes cost reimbursement revenue, reimbursed expenses, restructuring and merger-related recoveries/charges, and other expenses, and certain non-cash impairment charges (when applicable), as well as impairment charges and expenses related to the Sonder Termination. Adjusted total revenues excludes cost reimbursement revenue and impairment charges related to the Sonder Termination. Adjusted operating income margin reflects Adjusted operating income divided by Adjusted total revenues. We believe that these are meaningful metrics because they allow for period-over-period comparisons of our ongoing operations before these items and for the reasons further described below.Adjusted Net Income, Adjusted Diluted Earnings Per Share, and Adjusted Effective Tax Rate. Adjusted net income, Adjusted diluted earnings per share, and Adjusted effective tax rate reflect our net income, diluted earnings per share, and effective tax rate, respectively, excluding the impact of cost reimbursement revenue, reimbursed expenses, restructuring and merger-related recoveries/charges, and other expenses, certain non-cash impairment charges (when applicable), and gains and losses on asset dispositions made by us or by our joint venture investees (when applicable and if above a specified threshold), as well as impairment charges and expenses related to the Sonder Termination. Additionally, Adjusted net income, Adjusted diluted earnings per share, and Adjusted effective tax rate exclude the income tax effect of the above items (calculated using an estimated tax rate applicable to each item) and income tax special items, which in 2025 primarily related to the release of tax reserves. We believe that these measures are meaningful indicators of our performance because they allow for period-over-period comparisons of our ongoing operations before these items and for the reasons further described below.Adjusted Earnings Before Interest Expense, Taxes, Depreciation and Amortization ("Adjusted EBITDA"). Adjusted EBITDA reflects net income excluding the impact of the following items: cost reimbursement revenue and reimbursed expenses, interest expense, depreciation and amortization, provision for income taxes, restructuring and merger-related recoveries/charges, and other expenses, and stock-based compensation expense for all periods presented. When applicable, Adjusted EBITDA also excludes certain non-cash impairment charges and gains and losses on asset dispositions made by us or by our joint venture investees (if above a specified threshold). In addition, in 2025, Adjusted EBITDA excludes expenses related to the Sonder Termination.In our presentations of Adjusted operating income and Adjusted operating income margin, Adjusted net income and Adjusted diluted earnings per share, Adjusted effective tax rate, and Adjusted EBITDA, we exclude restructuring and merger-related recoveries/charges as well as charges related to legal proceedings that are outside of the ordinary course of our business, both of which we record in the "Restructuring and merger-related (recoveries) charges, and other" caption of our Consolidated Statements of Income (our "Income Statements"). We also exclude impairment charges and expenses related to the Sonder Termination, which we record in the "Contract investment amortization" and "Owned, leased, and other expense" captions of our Income Statements, as they are related to the cessation of operations of an entire brand, which is a nonrecurring event. In addition, we exclude non-cash impairment charges (if above a specified threshold) related to our franchise and management contracts (if the impairment is non-routine), leases, equity investments, and other capitalized assets, which we record in the "Contract investment amortization," "Depreciation, amortization, and other," and "Equity in earnings" captions of our Income Statements. These adjustments allow for period-over period comparisons of our ongoing operations before the impact of these items. We exclude cost reimbursement revenue and reimbursed expenses, which relate to property-level and centralized programs and services that we operate for the benefit of our hotel owners and certain other counterparties, and for which we receive reimbursement under our agreements with hotel owners and certain other counterparties with no added mark-up. We do not operate these property-level and centralized programs and services to generate a profit over the long term, and accordingly, when we recover the costs that we incur for these programs and services from our hotel owners and certain other counterparties, we do not seek a mark-up. For property-level services, we recognize cost reimbursement revenue at the same time that we incur expenses, and property-level services have no net impact on our Income Statements in the reporting period. However, for centralized programs and services, we may be reimbursed before or after we incur expenses, causing timing differences between the costs we incur and the related reimbursement from hotel owners and certain other counterparties in our operating and net income. Over the long term, these programs and services are not designed to impact our economics, either positively or negatively. Because we do not retain any such profits or losses over time, we exclude the net impact when evaluating period-over-period changes in our operating results.We believe that Adjusted EBITDA is a meaningful indicator of our operating performance because it permits period-over-period comparisons of our ongoing operations before these items. Our use of Adjusted EBITDA also facilitates comparison with results from other lodging companies because it excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company's capital structure, debt levels, and credit ratings. Accordingly, the impact of interest expense on earnings can vary significantly among companies. The tax positions of companies can also vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. As a result, effective tax rates and provisions for income taxes can vary considerably among companies. Our Adjusted EBITDA also excludes depreciation and amortization expense, which we report under "Depreciation, amortization, and other" as well as depreciation and amortization classified in "Contract investment amortization," "Reimbursed expenses," and "Equity in earnings" of our Income Statements, because companies utilize productive assets of different ages and use different methods of both acquiring and depreciating productive assets. Depreciation and amortization classified in "Reimbursed expenses" reflects depreciation and amortization of Marriott-owned assets, for which we receive cash from hotel owners and certain other counterparties to reimburse the company for its investments made for the benefit of the system. These differences can result in considerable variability in the relative costs of productive assets and the depreciation and amortization expense among companies. We exclude stock-based compensation expense in all periods presented to address the considerable variability among companies in recording compensation expense because companies use stock-based payment awards differently, both in the type and quantity of awards granted.RevPAR. In addition to the foregoing non-GAAP financial measures, we present Revenue per Available Room ("RevPAR") as a performance measure. We believe RevPAR, which we calculate by dividing property level room revenue by total rooms available for the period, is a meaningful indicator of our performance because it measures the period-over-period change in room revenues. RevPAR may not be comparable to similarly titled measures, such as revenues, and should not be viewed as necessarily correlating with our fee revenue. We also believe occupancy and average daily rate ("ADR"), which are components of calculating RevPAR, are meaningful indicators of our performance. Occupancy, which we calculate by dividing total rooms sold by total rooms available for the period, measures the utilization of a property's available capacity. ADR, which we calculate by dividing property level room revenue by total rooms sold, measures average room price and is useful in assessing pricing levels. Comparisons to prior periods are on a constant U.S. dollar basis, which we calculate by applying exchange rates for the current period to the prior comparable period. We believe constant dollar analysis provides valuable information regarding the performance of hotels in our system as it removes currency fluctuations from the presentation of such results.We define our comparable properties as hotels in our system that were open and operating under one of our brands since the beginning of the last full calendar year (since January 1, 2024 for the current period) and have not, in either the current or previous year: (1) undergone significant room or public space renovations or expansions, (2) been converted between company-operated and franchised, or (3) sustained substantial property damage or business interruption. Our comparable properties also exclude MGM Collection with Marriott Bonvoy, Design Hotels, The Ritz-Carlton Yacht Collection, residences, and timeshare properties.We use the term "hotel owners" throughout these schedules to refer, collectively, to owners of hotels and other lodging offerings operating in our system pursuant to franchise agreements, management agreements, license agreements or similar arrangements, and we use the term "hotels in our system" to refer to hotels and other lodging offerings operating in our system pursuant to such arrangements, as well as hotels that we own or lease. The terms "hotel owners" and "hotels in our system" exclude Homes & Villas by Marriott BonvoySM (which we also exclude from our property and room count), timeshare, residential, and The Ritz-Carlton Yacht Collection®.



View original content to download multimedia:https://www.prnewswire.com/news-releases/marriott-international-reports-fourth-quarter-and-full-year-2025-results-302683152.htmlSOURCE Marriott International, Inc.

Original: Marriott International Reports Fourth Quarter and Full Year 2025 Results

Tech Bounce Holds Attention as Earnings Roll In; U.S. Retail Sales Awaited: Dow Jones, S&P, Nasdaq, Wall Street FuturesFebruary 10, 2026 5:39 AM
IH Market News
Futures tied to the main U.S. equity benchmarks were little changed on Tuesday as investors weighed a recent rebound in technology shares against a packed earnings calendar and key U.S. economic data due later this week. Results are scheduled from a range of blue chips, including CVS Health (NYSE:CVS) and Coca-Cola (NYSE:KO). Elsewhere, Japan’s Nikkei notched another record, while gold prices eased.



Futures steady after tech-led rebound



U.S. stock futures hovered near flat, signalling a tentative start to the session after Monday’s tech-driven advance.By 03:04 ET, Dow and S&P 500 futures were largely unchanged, while Nasdaq 100 futures slipped 18 points, or 0.1%.Wall Street’s major averages extended gains at the start of the week, building on momentum from late last week as technology stocks linked to the artificial intelligence buildout—particularly data centres—led the charge.Sentiment was further supported by a CNBC report citing comments from OpenAI chief executive Sam Altman, who said in an internal memo that ChatGPT had returned to growth. The development lifted expectations around one of the most influential hubs in the AI ecosystem. Analysts at Vital Knowledge noted that optimism around OpenAI helped prompt DA Davidson to upgrade its outlook for Oracle (NYSE:ORCL), which holds a $300bn data-centre contract with the ChatGPT developer.By the close, the Nasdaq Composite had climbed 0.9%, sitting just shy of a fresh record, while the S&P 500 also ended within striking distance of all-time highs.



Earnings rush continues



Another busy day of results is set to shape trading, as investors look for clues on corporate performance early in 2026.Ahead of the opening bell, reports are due from Marriott International (NASDAQ:MAR), Spotify (NYSE:SPOT), CVS Health and Coca-Cola. After the close, Gilead Sciences (NASDAQ:GILD) will publish its numbers.In after-hours moves, shares of Onsemi (NASDAQ:ON) fell after the chipmaker posted weaker-than-expected fourth-quarter revenue, citing a prolonged inventory overhang. Customers are still working through chip stockpiles accumulated during earlier supply-chain disruptions.Onsemi also flagged headwinds for its silicon carbide business from sluggish electric vehicle demand and intensifying competition from China. Its midpoint forecast for current-quarter sales came in below Wall Street expectations.



U.S. retail sales in focus



On the macro front, markets are bracing for December U.S. retail sales data.Household spending is the backbone of the U.S. economy, accounting for more than two-thirds of output and driving much of the 4.4% annualised GDP growth recorded in the third quarter.However, core retail sales—which exclude autos, gasoline, building materials and food services and are closely tied to the consumer component of GDP—are expected to rise 0.3% in the final month of 2025, easing from 0.5% in November.Some analysts point to a cooling labour market as a potential drag, although Federal Reserve officials in January characterised employment conditions as “stabilizing.” Analysts at ING said the data should still show “reasonably healthy” growth and reinforce the view that “the U.S. consumer is alive and well.”



Nikkei hits new high on “Takaichi trade”



Asian markets extended gains on Tuesday, led by Japan, where equities surged to fresh records on enthusiasm for the so-called “Takaichi trade” following Prime Minister Sanae Takaichi’s weekend election victory.Investors have welcomed expectations that Takaichi’s agenda will favour growth, profitability and domestic investment. Her decisive win has strengthened hopes for pro-business reforms, fiscal support and policies aimed at lifting capital investment, innovation and strategic industries.



Gold pulls back



Gold prices retreated on Tuesday, giving back part of Monday’s advance as markets remained cautious ahead of several important U.S. data releases.Silver and platinum also moved lower, despite limited support from an overnight dip in the dollar, which later stabilised during Asian trading.Precious metals have seen sharp swings over the past week, with profit-taking and stretched positioning pushing prices off record highs. Uncertainty around U.S. monetary policy—amid speculation over a potential change in Federal Reserve leadership—has added to volatility.Safe-haven demand for gold was also tempered by mixed signals in U.S.-Iran relations. While both sides reported progress in weekend talks over Iran’s nuclear programme, Washington nevertheless issued a warning on Monday to U.S.-flagged vessels transiting the Strait of Hormuz.CVS Health stock priceCoca-Cola stock priceOracle stock priceMarriott International stock priceSpotify stock priceGilead Sciences stock priceON Semiconductor stock price

Original: Tech Bounce Holds Attention as Earnings Roll In; U.S. Retail Sales Awaited: Dow Jones, S&P, Nasdaq, Wall Street Futures

MAR, new 52 week high

MAR 10Q 11/4

MAR new 52=week high

MAR new 52 week high

MAR new 52 week high

MAR new 52 week high

MAR new 52 week high

MAR new 52 week highh

70.60 gap Hotel Industry across the board 50% to 65% value decrease in near term to retest 2020 lows and fill all gaps as customers seek alternative housing options for large groups which is the bulk of hotel industry bookings. Similar to SVP and FRC debacles.

not far off just forgot to add a 5 to the end of your prediction hahaha

MAR will take a tumble this week on news of cancel culture policy

this stock and brand used to be one of my favs. my vision and analytics r not working in this china virus environment. u could very well be right. a big tsunami shift is happening right now, people r sprinting away from the big city centers/downtowns, and buying up all they can in neighboring suburbs with good schools and safety. the numbers im seeing r mind boggling

This stock should be 15.00. Hell is coming. You cant get antibodies in adults. Thats why u vaccinate children. You trick the immunine ststem. Short till 15

I absolutely agree

administration's hesitant to order nationwide quarantine. that leads me to believe there's a cure coming shortly. however, if there ain't, and administration is procrastinating for no reason, hell will freeze over. i posted a potential medicine, that should be tested.
MAR under $100 is super cheap

Marriott, Hotel Owners to Furlough Thousands of Workers or Cut Staff -- Update
Date : 03/22/2020 @ 3:53PM
Source : Dow Jones News
Stock : Marriott International Inc (MAR)

By Craig Karmin and Esther Fung

https://ih.advfn.com/stock-market/NASDAQ/marriott-MAR/stock-news/82052284/marriott-hotel-owners-to-furlough-thousands-of-wo
Marriott International Inc., the world's largest hotel company, and a growing number of hotel owners are furloughing tens of thousands of workers or slashing staff in an effort to steer their companies through the coronavirus pandemic.

A spokeswoman for Marriott confirmed to The Wall Street Journal that the company is furloughing about two-thirds of its 4,000 corporate employees at the company's Bethesda, Md., headquarters. Marriott is also furloughing about two-thirds of its corporate staff abroad, though the spokeswoman said she couldn't immediately provide the number of Marriott corporate overseas jobs.

Those actions follow Marriott's decision to begin furloughing what the company expects to be tens of thousands of hotel staff -- from managers to housekeepers -- while it ramps up hotel closings across the globe.

The hospitality industry has been upended by the collapse in global travel as companies halt business trips, conference organizers call off events and vacationers put plans on hold in response to the pandemic, and as local governments order residents to stay in place. Hotels are suffering the brunt of this sudden evaporation of travel, which is wiping out in a matter of weeks all the profits many companies had piled up over the past few years.

Some lodging companies are taking even more drastic steps than Marriott, furloughing or letting go more than 9 in 10 employees in some cases.

Ashford Inc., the Dallas-based firm that owns 130 hotels across the U.S., is laying off or furloughing 95% of 7,000 employees, Chief Executive Monty Bennett said. He expects about one-third of those employees probably won't be coming back.

An immediate concern is Ashford's $4 billion to $5 billion in debt. Some payments are due next month, Mr. Bennett said, and he doesn't expect to be able to pay all of them.

"Every single U.S. hotel will default on its debt in the next 30, maybe 60 days," he said. "It's a disaster that's snowballing."

Another hotel owner, Pebblebrook Hotel Trust, is furloughing about 90% to 95% of its 8,000 employees, CEO Jon Bortz said. He has closed about half the company's 54 hotels; occupancy levels at the ones that remain open have dwindled to the single digits.

"This is incredible hardship," Mr. Bortz said. "Any industry where human contact is involved has been decimated."

With so little business, it makes no sense to keep operating. Mr. Bortz said he expects most of his hotels that are still open to suspend operations over the next five days.

Lodging owners across the country are being forced to make similar calculations. With occupancy levels plunging by the day, it is a challenge for hoteliers to make payroll, let alone pay other expenses and meet debt obligations, they said. And as they opt to close more properties with no known reopen date, they feel they have little choice but to reduce staff and hope the company can remain afloat.

On Sunday, Rick Takach, CEO of Vesta Hospitality, owner and operator of 17 hotels, said he has concluded that cuts to his hotel-management company haven't been enough. "So, deeper cuts are needed," he said. "That means either much lower salaries and hours or the elimination of personnel. That is a decision I am trying to make today or tomorrow."

Hotel workers have been stunned at the suddenness with which they have been sent off. Shelby Halpin, who worked as a guest-services specialist and a guide in a ski resort in Big Sky, Mont., said she was told on Tuesday that she no longer had a job after the resort closed.

"The next day I put everything I owned into my jeep and left," said Ms. Halpin. "We were kicked out of the place. It was so surreal."

Marriott Chief Executive Arne Sorenson said in a video message to his employees on Thursday that Marriott business is now running about 75% below normal levels, making this period more devastating than any other in the history of the nearly century-old hotel company. He said that the financial impact was worse than the post-Sept. 11 period and financial crisis combined.

Marriott told The Wall Street Journal that the corporate-staff furloughs would begin early next month and estimate that they will last 60 to 90 days. During that period, furloughed U.S. corporate employees will receive 20% of their salary toward health-care and other costs, the spokeswoman said. Corporate employees who stay on are subject to 20% pay cuts and reduced workweeks, the spokeswoman said.

Marriott is the world's largest hotel company with nearly 1.4 million rooms world-wide, 30 brands and about 7,300 properties, but rivals like Hilton Worldwide Holdings Inc. and Hyatt Hotels Corp. cannot help but pursue their own corporate-staff reductions or other cost-cutting, hotel owners say.

Representatives for Hilton and Hyatt didn't immediately respond to requests for comment.

Hotel executives aren't going unscathed. Mr. Sorenson and board Chairman Bill Marriott have stopped receiving a salary during this period, the CEO said in the video. His executive team will take a 50% cut in salary.

At Hersha Hospitality Trust, which owns nearly 50 hotels, the CEO and chief operating officer said they are reducing their salaries by 50%, and the board of trustees will take all payments in stock for the remainder of 2020.

Mr. Sorenson and other hospitality and travel executives met with President Trump in Washington on Tuesday, when they asked for $250 billion in financial aid for the beleaguered industries. Hotel owners say they can't wait much longer for assistance.

"I feel the government has turned its back on us," said Mr. Bennett.

Write to Craig Karmin at craig.karmin@wsj.com and Esther Fung at esther.fung@wsj.com
Disclosure... my employer is Marriott... I'm deeply troubled.

$200 in 2 years

ooooversoold, ooooverreacting, hello long calls

$15,000 room revenue, $32,000 room appraisal by MMs

$15,000 average yearly revenue per room

$45.3bln market cap, 1,400,000 rooms worldwide, including Ritz. that means $32,000 per room, is this a joke

$45bln market cap?! just the Ritz in South Beach is $2bln imo... just the Ritz real estate is $45bln imo

wow, the Ritz South Beach reopens. i guess somebody must ve read my post, and the Super Bowl week is sold out. when i checked last time, the reservations were available from 04/15/2020. so, i say now, all is good with MAR, ready for launch.

so, the Ritz in South Beach will reopen in several months, although it says end of 2019, in local language that means mañana.
that also means no fat Superbowl revenue... But Superbowl exposure is a big thing imo. the Mar stock may suffer a little, but i think after the renovation is done, the luxury real estate in Miami Beach will wake up again. i witness record crowds here, and just because the Ritz will reopen at some point in time, im bullish on the lux real estate(no new hurricanes ie)

New information that has come to my attention since I posted this comment/warning cause me to now withdraw this comment/warning. I no longer stand by it. I tried to delete it, but Investors Hub does not allow deletion, so I am adding this update to let readers know that I no longer agree with this comment/report.

That’s laughable at best. Although there was a dip around the same time you posted, it was likely due to Arnie going public about having cancer - my guess anyways.

Regardless... Wish I were in position to take advantage of the dip. Missed out.

Marriott stock about to drop from scandal news

Marriott is about to be the subject of a serious national scandal in the coming weeks.
Learn more at this beta web site: https://squashmarriottbedbugs.com/
Marriott was cheap about bed bug prevention, which resulted in a terrible bed bug problem at many of their properties.
Adding insult to injury, Marriott has engaged in a systematic cover up of these bed bug infestations.
Marriott has been caught.
A major national campaign will soon launch which will make this scandal known to the general public.
The campaign has significant funding and backing from numerous related organizations.
Marriott’s stock price is likely to drop significantly when this scandal hits soon.

Nice gains today, for those whom day-trade Cos @ $100+ per share :)

This company is a BEAST.

You are referencing your (1) experience at a Fairfield located somewhere in Tennessee to sum up this companies performance?

That’s DD at its best, as far as I’m concerned. Incredible.

Marriott needs to keep an eye on all properties. The Fairfield inn and suites of Johnson City TN has some Major problems. The gm had the elevator phone shut off and a guest got stuck after the decision. He could not call for help. Twas illegal and the management company which is Gibson hotels in Knoxville is aware of this. Marriott please investigate!