Marriott International — Nov 4, 2024 release

Company Outlook Fourth Quarter 2024 vs Fourth Quarter 2023 Full Year 2024 vs Full Year 2023 Comparable systemwide constant $ RevPAR growth Worldwide 2% to 3% 3% to 4% Year-End 2024 vs Year-End 2023 Net rooms growth Approx. 6.5% 4 ($ in millions, except EPS) Fourth Quarter 2024 Full Year 2024 Gross fee revenues $1,290 to $1,310 $5,126 to $5,146 Owned, leased, and other revenue, net of direct expenses Approx. $95 Approx. $346 General, administrative, and other expenses $275 to $265 $1,060 to $1,050 Adjusted EBITDA 1,2 $1,235 to $1,265 $4,930 to $4,960 Adjusted EPS – diluted 2,3 $2.31 to $2.39 $9.19 to $9.27 Investment spending 4 $1,100 to $1,200 Capital return to shareholders 5 Approx. $4,400 1 See the press release schedules for the adjusted EBITDA calculations. 2 Adjusted EBITDA and Adjusted EPS – dil uted for fourth quarter and full year 2024 do not include cost reimbursement revenue, reimbursed expenses, restructuring and merger-related charges, or any asset sales 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. 3 Assumes the level of capital return to shareholders noted above. 4 Includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities. 5 Factors in the purchase of the Sheraton Grand Chicago and underlying land for $500 million, $200 million of which is included in investment spending. Assumes the level of investment spending n