Marriott International — Feb 10, 2026 release

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 2026 vs. First Quarter 2025 Full Year 2026 vs. Full Year 2025 Comparable systemwide constant $ RevPAR growth Worldwide 1.0% to 2.0% 1.5% to 2.5% Year-End 2026 vs. Year-End 2025 Net rooms growth 4.5% to 5% ($ in millions, except EPS) First Quarter 2026 Full Year 2026 Gross fee revenues $1,365 to $1,380 $5,895 to $5,955 Owned, leased, and other revenue, net of owned, leased, and other expense Approx. $15 $230 to $240 General and administrative expenses $215 to $210 $895 to $875 Adjusted EBITDA 1,2 $1,305 to $1,325 $5,840 to $5,930 Adjusted EPS – diluted 2,3 $2.50 to $2.55 $11.32 to $11.57 Adjusted effective tax rate 2 Approx. 24.5% 26.0% to 26.5% Investment spending 4 $1,000 to $1,100 Capital return to shareholders 5