Marriott International — Feb 10, 2026 release

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 Over $4,300 1 See the press release schedules for the adjusted EBITDA calculations. 5 2 Adjusted 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 significan t. 3 Assumes the level of capital