Marriott International — May 6, 2026 release

Year-End 2025 Net rooms growth 4.5% to 5% ($ in millions, except EPS) Second Quarter 2026 Full Year 2026 Gross fee revenues $1,538 to $1,553 $5,925 to $5,985 Owned, leased, and other revenue, net of owned, leased, and other expense Approx. $60 $215 to $225 General and administrative expenses $230 to $220 $895 to $875 Adjusted EBITDA 1,2 $1,525 to $1,550 $5,880 to $5,970 Adjusted EPS – diluted 2,3 $2.99 to $3.06 $11.38 to $11.63 Adjusted effective tax rate 2 Approx. 26.5% 26.0% to 26.5% Investment spending 4 $1,050 to $1,150 Capital return to shareholders 5 Over $4,400 1 See the press release schedules for the Adjusted EBITDA calculations. 2 Adjusted 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