NEWS

Marriott International Reports Third Quarter 2026 Results

•Third quarter 2026 RevPAR1 increased 6.5 percent worldwide, with 7.4 percent growth in the U.S. & Canada and 4.4 percent growth in international markets

•Third quarter reported diluted EPS totaled $3.04 and Adjusted diluted EPS totaled $3.02

•Third quarter reported net income totaled $794 million and Adjusted net income totaled $790 million

•Third quarter Adjusted EBITDA totaled $1,512 million

•The company added roughly 20,100 net rooms globally during the quarter and net rooms grew 4.6 percent from the end of the third quarter of 2025

•At the end of the quarter, Marriott’s worldwide development pipeline reached a new record and totaled over 4,200 properties and more than 634,000 rooms, with 44 percent of pipeline rooms under construction including hotels that are pending conversion

•The company repurchased 3.5 million shares of common stock for $1.3 billion in the 2026 third quarter. Year-to-date through October 28, the company has returned approximately $4.0 billion to shareholders through dividends and share repurchases

For a summary of third quarter 2026 highlights, please visit: https://news.marriott.com/static-assets/component-resources/newscenter/earnings/2026/2026-q3-earnings-infographic.pdf

BETHESDA, MD – November 2, 2026 - Marriott International, Inc. (Nasdaq: MAR) today reported third quarter 2026 results.

Anthony Capuano, President and Chief Executive Officer, said, “Our excellent third quarter results reflected continued momentum across our business, the benefits of our global scale, and the power of our brands and revenue engines. Global RevPAR increased 6.5 percent in the third quarter, on higher ADR and occupancy. In the U.S. & Canada, RevPAR rose over 7 percent, with broad-based growth across customer segments and chain scales.

“International RevPAR increased over 4 percent in the quarter, led by APEC, which delivered over 9

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.

1

---

percent RevPAR growth, supported by robust international inbound demand. EMEA RevPAR rose over 4 percent, thanks to solid growth in Europe. While the ongoing conflict in the Middle East continued to impact results in that region, trends improved meaningfully from the second quarter. For full year 2026, given our strong third quarter performance and expectations for continued healthy demand, we are raising our global RevPAR outlook and now expect growth of 4.5 to 5 percent.

“Our development activity remained strong, and we had record global organic signings year to date through September. Conversions continued to be an important driver of growth, representing over a third of signings and over 40 percent of openings during the first nine months of the year.

“Marriott Bonvoy continued to expand its reach and deliver value to our owners and properties and across the enterprise. Our broad portfolio of brands and experiences and powerful collaborations with Uber, Starbucks and others helped drive membership to approximately 309 million members around the world at quarter-end.

“Our global scale, compelling portfolio of brands, industry-leading Marriott Bonvoy loyalty program and dedicated associates, together with our robust development pipeline and disciplined execution, give us confidence in our ability to deliver sustainable, long-term growth.”

Third Quarter 2026 Results

Franchise and base management fees totaled $1,341 million in the 2026 third quarter, a 13 percent increase compared to franchise and base management fees of $1,190 million in the year-ago quarter. The increase was primarily driven by higher co-branded credit card fees, higher RevPAR and rooms growth.

Incentive management fees totaled $181 million in the 2026 third quarter, a 22 percent increase over $148 million in the 2025 third quarter. All regions posted positive growth year over year, with incentive fees in the U.S. & Canada up meaningfully.

Owned, leased, and other revenue, net of owned, leased, and other expense2, totaled $41 million in the 2026 third quarter, compared to $70 million in the 2025 third quarter. The decline reflected lower owned and leased hotel results, including the impact of renovations and our 2026 second quarter sale of a U.S. & Canada hotel, and higher costs associated with a third-party agreement, partially offset by a $12 million expected insurance recovery associated with the 2026 second quarter property-related litigation matter ($9 million after-tax impact and $0.03 per share after-tax).

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.

2

---

General and administrative expenses2 for the 2026 third quarter totaled $214 million, compared to $210 million in the year-ago quarter.

Interest expense, net, totaled $219 million in the 2026 third quarter, compared to $194 million in the year-ago quarter. The increase was primarily due to higher interest expense associated with higher debt balances.

In the 2026 third quarter, the provision for income taxes totaled $266 million, flat compared to the year-ago quarter.

Marriott’s reported operating income totaled $1,274 million in the 2026 third quarter, compared to 2025 third quarter reported operating income of $1,180 million. Reported net income totaled $794 million in the 2026 third quarter, a 9 percent increase compared to 2025 third quarter reported net income of $728 million. Reported diluted earnings per share (EPS) totaled $3.04 in the quarter, compared to reported diluted EPS of $2.67 in the year-ago quarter.

Adjusted operating income in the 2026 third quarter totaled $1,267 million, compared to 2025 third quarter Adjusted operating income of $1,119 million. Third quarter 2026 Adjusted net income totaled $790 million, compared to 2025 third quarter Adjusted net income of $674 million. Adjusted diluted EPS in the 2026 third quarter totaled $3.02, compared to Adjusted diluted EPS of $2.47 in the year-ago quarter.

Third quarter 2026 Adjusted results excluded cost reimbursement revenue, reimbursed expenses, and certain impairment charges. 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 $1,512 million in the 2026 third quarter, a 12 percent increase compared to third quarter 2025 Adjusted EBITDA of $1,349 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

3

---

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 20,100 net rooms during the quarter, including over 13,400 net rooms in international markets. At the end of the quarter, Marriott’s global system totaled over 10,200 properties, with nearly 1,834,000 rooms.

At the end of the quarter, the company’s worldwide development pipeline totaled 4,209 properties with more than 634,000 rooms, including 266 properties with over 37,000 rooms approved for development but not yet subject to signed contracts. The quarter-end pipeline included 1,750 properties with over 278,000 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 third quarter, worldwide RevPAR increased 6.5 percent (a 6.4 percent increase using actual dollars) compared to the 2025 third quarter. RevPAR in the U.S. & Canada increased 7.4 percent (a 7.3 percent increase using actual dollars), and RevPAR in international markets increased 4.4 percent (a 4.4 percent increase using actual dollars) compared to the 2025 third quarter.

Balance Sheet & Common Stock

At the end of the quarter, Marriott’s total debt was $16.8 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 3.5 million shares of common stock in the 2026 third quarter for $1.3 billion. Year-to-date through October 28, the company has repurchased 9.6 million shares for $3.4 billion.

During the 2026 third quarter, the company issued $250 million of Series NN Senior Notes due in 2029 with a 4.875 percent interest rate coupon and $1.0 billion of Series YY Senior Notes due in 2036 with a 5.650 percent interest rate coupon. The company also completed the refinancing of its credit facility, extending the maturity to September 2031 and increasing the facility size from $4.5 billion to $5.0 billion.

4

---

Company Outlook

The company's updated outlook generally assumes the continuation of the current macroeconomic environment.

			Fourth Quarter 2026 vs. Fourth Quarter 2025			Full Year 2026 vs. Full Year 2025
Worldwide RevPAR growth			4.5% to 5.0%			4.5% to 5.0%

						Year-End 2026 vs. Year-End 2025
Net rooms growth						Low end of 4.5% to 5%

($ in millions, except EPS)			Fourth Quarter 2026			Full Year 2026
Gross fee revenues			$1,604 to $1,612			$6,137 to $6,145
Owned, leased, and other revenue, net of owned, leased, and other expense			$47 to $52			$170 to $175
General and administrative expenses			$237 to $227			$890 to $880
Adjusted EBITDA1,2			$1,573 to $1,596			$6,075 to $6,098
Adjusted EPS – diluted2,3			$3.14 to $3.21			$12.07 to $12.14
Adjusted effective tax rate2			Approx. 26.5%			Approx. 26.0%
Investment spending4						$1,250 to $1,350
Capital return to shareholders5						At least $4,800

1See the press release schedules for the Adjusted EBITDA calculations.

2Adjusted EBITDA, Adjusted EPS – diluted, and Adjusted effective tax rate for fourth quarter and full year 2026 do not include 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. Our outlook includes the impact of our sale of a U.S. & Canada hotel and our investment in Lefay, each of which occurred in the 2026 second quarter, and our planned sale of a U.S. & Canada hotel, which we assume will occur in the 2026 fourth quarter. 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 adjustments from the 2026 first three quarters related to the Sonder termination of $2 million, an adjustment to a gain on an asset disposition of $(8) million, and asset impairment charges of $(74) million.

3Assumes the level of capital return to shareholders noted above.

4Investment spending includes contract acquisition costs, capital and technology expenditures (including renovations at owned and leased hotels), loan advances, and other investing activities (including our investment in Lefay, which occurred in the 2026 second quarter), but excluding 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 and that no other asset sales, property acquisitions or brand acquisitions occur during the year.

5

---

Marriott International, Inc. (Nasdaq: MAR) will conduct its quarterly earnings review for the investment community and news media on Monday, November 2, 2026, at 8:00 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 November 2, 2027.

The telephone dial-in number for the conference call is US Toll Free: 833-309-3473, or Global: +1 785-838-9251. The conference ID is MAR3Q26.

Note on forward-looking statements: All statements in this press release and the accompanying schedules are made as of November 2, 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 Marriott Bonvoy loyalty program; property performance; our expectations about the current macroeconomic environment; our planned hotel sale; 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 10,200 properties in 148 countries and territories, as of September 30, 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.

6

---

MEDIA & INVESTOR RELATIONS CONTACTS:
Melissa Froehlich Flood
Senior Vice President, Global Corporate Communications & Public Policy
Marriott International
newsroom@marriott.com
Jackie Burka McConagha
Senior Vice President, Investor Relations
Marriott International
jackie.mcconagha@marriott.com
Pilar Fernandez
Senior Director, Investor Relations
Marriott International
pilar.fernandez@marriott.com

IRPR#1

Tables follow

7

---

MARRIOTT INTERNATIONAL, INC.
PRESS RELEASE SCHEDULES
TABLE OF CONTENTS
QUARTER 3, 2026
Consolidated Statements of Income			A-2
Non-GAAP Financial Measures			A-4
Expense Captions - As Reclassified			A-5
Total Lodging Products by Ownership Type			A-6
Total Lodging Products by Tier			A-8
Key Lodging Statistics			A-10
Adjusted EBITDA			A-14
Adjusted EBITDA Forecast - Fourth Quarter 2026			A-15
Adjusted EBITDA Forecast - Full Year 2026			A-16
Explanation of Non-GAAP Financial and Performance Measures			A-17

A-1

---

MARRIOTT INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME
THIRD QUARTER 2026 AND 2025
($ in millions except per share amounts, unaudited)
																		Percent
						Three Months Ended						Three Months Ended						Better/(Worse)
						September 30, 2026						September 30, 2025						2026 vs. 2025
REVENUES
Franchise fees1						$	1,007					$	876					15
Base management fees						334						314						6
Incentive management fees						181						148						22
Gross fee revenues						1,522						1,338						14
Contract investment amortization2						(33)						(29)						(14)
Net fee revenues						1,489						1,309						14
Owned, leased, and other revenue3						436						420						4
Cost reimbursement revenue4						5,080						4,760						7
						7,005						6,489						8
OPERATING COSTS AND EXPENSES
Owned, leased, and other expense5*						395						350						(13)
Depreciation, amortization, and other6						55						50						(10)
General and administrative7*						214						210						(2)
Restructuring and merger-related recoveries, and other						—						(40)						(100)
Reimbursed expenses4						5,067						4,739						(7)
						5,731						5,309						(8)
OPERATING INCOME						1,274						1,180						8
Gains and other income, net8						4						3						33
Interest expense						(227)						(206)						(10)
Interest income						8						12						(33)
Equity in earnings9						1						5						(80)
INCOME BEFORE INCOME TAXES						1,060						994						7
Provision for income taxes						(266)						(266)						0
NET INCOME						$	794					$	728					9
EARNINGS PER SHARE
Earnings per share - basic						$	3.05					$	2.68					14
Earnings per share - diluted						$	3.04					$	2.67					14
Basic shares (in millions)						260.6						271.8
Diluted shares (in millions)						261.2						272.5
* The 2025 third quarter reflects the reclassification of $24 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 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 includes our equity in earnings or losses of unconsolidated equity method investments.

A-2

---

MARRIOTT INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME
THIRD QUARTER YEAR-TO-DATE 2026 AND 2025
($ in millions except per share amounts, unaudited)
																		Percent
						Nine Months Ended						Nine Months Ended						Better/(Worse)
						September 30, 2026						September 30, 2025						2026 vs. 2025
REVENUES
Franchise fees1						$	2,902					$	2,482					17
Base management fees						1,016						979						4
Incentive management fees						615						552						11
Gross fee revenues						4,533						4,013						13
Contract investment amortization2						(99)						(86)						(15)
Net fee revenues						4,434						3,927						13
Owned, leased, and other revenue3						1,314						1,222						8
Cost reimbursement revenue4						14,982						14,347						4
						20,730						19,496						6
OPERATING COSTS AND EXPENSES
Owned, leased, and other expense5*						1,189						1,045						(14)
Depreciation, amortization, and other6						224						154						(45)
General and administrative7*						653						629						(4)
Restructuring and merger-related recoveries, and other						(6)						(31)						(81)
Reimbursed expenses4						15,103						14,335						(5)
						17,163						16,132						(6)
OPERATING INCOME						3,567						3,364						6
Gains and other income, net8						18						6						200
Interest expense						(662)						(601)						(10)
Interest income						38						33						15
Equity in earnings9						1						10						(90)
INCOME BEFORE INCOME TAXES						2,962						2,812						5
Provision for income taxes						(754)						(656)						(15)
NET INCOME						$	2,208					$	2,156					2
EARNINGS PER SHARE
Earnings per share - basic						$	8.38					$	7.86					7
Earnings per share - diluted						$	8.36					$	7.84					7
Basic shares (in millions)						263.5						274.3
Diluted shares (in millions)						264.2						275.0
* The 2025 first three quarters reflects the reclassification of $95 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 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 includes our equity in earnings or losses of unconsolidated equity method investments.

A-3

---

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																		Nine Months Ended
															Percent																		Percent
			September 30,						September 30,						Better/						September 30,						September 30,						Better/
			2026						2025						(Worse)						2026						2025						(Worse)
Total revenues, as reported			$	7,005					$	6,489											$	20,730					$	19,496
Less: Cost reimbursement revenue			(5,080)						(4,760)												(14,982)						(14,347)
Adjusted total revenues†			1,925						1,729												5,748						5,149
Operating income, as reported			1,274						1,180												3,567						3,364
Less: Cost reimbursement revenue			(5,080)						(4,760)												(14,982)						(14,347)
Add: Reimbursed expenses			5,067						4,739												15,103						14,335
Less: Restructuring and merger-related recoveries, and other			—						(40)												(6)						(31)
Add: Asset impairment charges1			6						—												74						—
Less: Adjustments related to Sonder Termination2			—						—												(2)						—
Adjusted operating income†			1,267						1,119						13						3,754						3,321						13
Operating income margin			18		%				18		%										17		%				17		%
Adjusted operating income margin†			66		%				65		%										65		%				64		%
Net income, as reported			794						728												2,208						2,156
Less: Cost reimbursement revenue			(5,080)						(4,760)												(14,982)						(14,347)
Add: Reimbursed expenses			5,067						4,739												15,103						14,335
Less: Restructuring and merger-related recoveries, and other			—						(40)												(6)						(31)
Add: Asset impairment charges1			6						—												74						—
Less: Adjustments related to Sonder Termination2			—						—												(2)						—
Add: Adjustment to gain on investee’s asset disposition3			—						—												8						—
Income tax effect of above adjustments			3						7												(43)						8
Less: Income tax special items			—						—												—						(74)
Adjusted net income†			$	790					$	674					17						$	2,360					$	2,047					15
Diluted earnings per share, as reported			$	3.04					$	2.67											$	8.36					$	7.84
Adjusted diluted earnings per share†			$	3.02					$	2.47					22						$	8.93					$	7.44					20
† 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 Asset Impairment charges related to the sale and planned sale of two U.S. & Canada hotels reported in Depreciation, amortization, and other.
2 Adjustments related to the termination of our licensing agreement with Sonder Holdings Inc. (the “Sonder Termination”) reported in Owned, leased, and other expense.
3 Adjustment to gain on investee’s asset disposition reported in Equity in earnings.

A-4

---

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						Third Quarter						Fourth Quarter						Total
Owned, leased, and other revenue			$	361					$	441					$	420					$	457					$	1,679
Owned, leased, and other expense			332						363						350						416						1,461
Owned, leased, and other revenue, net of owned, leased, and other expense			$	29					$	78					$	70					$	41					$	218
General and administrative			$	209					$	210					$	210					$	241					$	870

A-5

---

MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS BY OWNERSHIP TYPE
As of September 30, 2026
			US & Canada						Total International1						Total Worldwide
			Properties			Rooms			Properties			Rooms			Properties			Rooms
Franchised, Licensed, and Other			6,002			891,906			2,090			349,296			8,092			1,241,202
Courtyard by Marriott			943			127,185			150			27,751			1,093			154,936
Fairfield by Marriott			1,219			115,212			154			22,193			1,373			137,405
Residence Inn by Marriott			845			100,955			43			5,289			888			106,244
Marriott Hotels			239			76,025			88			24,284			327			100,309
Autograph Collection			168			37,661			181			35,640			349			73,301
SpringHill Suites by Marriott			577			67,950			—			—			577			67,950
Sheraton			133			41,181			92			25,775			225			66,956
TownePlace Suites by Marriott			603			60,434			—			—			603			60,434
Four Points by Sheraton			146			20,926			193			33,955			339			54,881
Westin			97			33,215			34			10,182			131			43,397
AC Hotels by Marriott			140			23,191			111			16,373			251			39,564
Tribute Portfolio			113			20,861			81			12,003			194			32,864
Moxy Hotels			50			8,539			118			22,268			168			30,807
Aloft by Marriott			167			23,913			33			6,357			200			30,270
Renaissance Hotels			72			19,853			33			8,594			105			28,447
MGM Collection with Marriott Bonvoy			12			26,210			—			—			12			26,210
Delta Hotels by Marriott			71			15,986			42			7,980			113			23,966
Timeshare*			73			18,949			22			3,963			95			22,912
The Luxury Collection			17			8,245			68			14,474			85			22,719
City Express by Marriott			40			3,447			154			18,202			194			21,649
Design Hotels*			49			3,937			227			14,548			276			18,485
Element by Marriott			106			14,224			7			1,043			113			15,267
Le Méridien			23			5,123			32			8,914			55			14,037
JW Marriott			15			7,099			18			4,715			33			11,814
Four Points Flex by Sheraton			—			—			61			8,625			61			8,625
citizenM			17			4,604			19			3,938			36			8,542
Series by Marriott			9			911			66			4,919			75			5,830
Protea Hotels by Marriott			—			—			38			3,332			38			3,332
StudioRes by Marriott			18			2,232			—			—			18			2,232
Marriott Executive Apartments			—			—			10			1,947			10			1,947
Outdoor Collection by Marriott Bonvoy			36			1,879			—			—			36			1,879
W Hotels			1			1,117			2			464			3			1,581
Apartments by Marriott Bonvoy			2			413			5			370			7			783
The Ritz-Carlton			1			429			2			262			3			691
The Ritz-Carlton Yacht Collection*			—			—			3			603			3			603
St. Regis			—			—			1			172			1			172
Bvlgari			—			—			2			161			2			161
Owned/Leased			13			4,466			37			8,874			50			13,340
Sheraton			1			1,218			3			1,724			4			2,942
Marriott Hotels			2			1,304			5			1,631			7			2,935
Courtyard by Marriott			7			987			4			894			11			1,881
W Hotels			2			765			2			665			4			1,430
Protea Hotels by Marriott			—			—			5			912			5			912
JW Marriott			—			—			2			696			2			696
The Ritz-Carlton			—			—			2			548			2			548
Renaissance Hotels			—			—			2			505			2			505
The Luxury Collection			—			—			3			383			3			383
Autograph Collection			—			—			5			367			5			367
Residence Inn by Marriott			1			192			1			140			2			332
Tribute Portfolio			—			—			2			249			2			249
St. Regis			—			—			1			160			1			160

A-6

---

MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS BY OWNERSHIP TYPE
As of September 30, 2026
			US & Canada						Total International1						Total Worldwide
			Properties			Rooms			Properties			Rooms			Properties			Rooms
Managed			554			201,778			1,398			360,683			1,952			562,461
Marriott Hotels			97			55,403			198			62,523			295			117,926
Sheraton			23			18,928			179			57,616			202			76,544
Courtyard by Marriott			133			21,742			138			30,011			271			51,753
Westin			40			22,354			81			24,409			121			46,763
JW Marriott			22			12,725			78			26,888			100			39,613
The Ritz-Carlton			42			12,797			80			18,443			122			31,240
Four Points by Sheraton			1			134			96			25,337			97			25,471
Renaissance Hotels			20			8,657			53			16,531			73			25,188
Le Méridien			—			—			68			18,348			68			18,348
W Hotels			18			4,756			46			12,023			64			16,779
St. Regis			13			2,564			53			11,506			66			14,070
Gaylord Hotels			7			11,820			—			—			7			11,820
Residence Inn by Marriott			62			10,468			9			1,102			71			11,570
The Luxury Collection			6			2,316			42			8,335			48			10,651
Aloft by Marriott			2			505			42			9,591			44			10,096
Fairfield by Marriott			4			799			56			8,625			60			9,424
Delta Hotels by Marriott			24			6,623			5			1,179			29			7,802
Autograph Collection			12			3,418			19			3,379			31			6,797
Marriott Executive Apartments			—			—			43			6,278			43			6,278
AC Hotels by Marriott			8			1,512			18			3,328			26			4,840
EDITION			5			1,379			18			3,389			23			4,768
Moxy Hotels			1			380			17			3,595			18			3,975
Element by Marriott			3			810			14			2,712			17			3,522
Protea Hotels by Marriott			—			—			22			2,738			22			2,738
Tribute Portfolio			—			—			13			1,595			13			1,595
SpringHill Suites by Marriott			8			1,217			—			—			8			1,217
Bvlgari			—			—			7			645			7			645
citizenM			—			—			2			477			2			477
TownePlace Suites by Marriott			3			471			—			—			3			471
Apartments by Marriott Bonvoy			—			—			1			80			1			80
Residences			74			7,866			73			8,932			147			16,798
The Ritz-Carlton Residences			46			5,150			23			1,928			69			7,078
St. Regis Residences			11			1,279			15			2,148			26			3,427
W Residences			8			795			8			768			16			1,563
Marriott Residences			—			—			5			1,283			5			1,283
JW Marriott Residences			1			91			4			1,055			5			1,146
Westin Residences			3			266			3			413			6			679
Bvlgari Residences			—			—			5			526			5			526
Sheraton Residences			—			—			3			472			3			472
The Luxury Collection Residences			1			91			2			85			3			176
Tribute Portfolio Residences			—			—			1			137			1			137
Renaissance Residences			1			112			—			—			1			112
EDITION Residences			3			82			1			10			4			92
Le Méridien Residences			—			—			1			62			1			62
Autograph Collection Residences			—			—			2			45			2			45
Grand Total			6,643			1,106,016			3,598			727,785			10,241			1,833,801
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.

    

A-7

---

MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS BY TIER
As of September 30, 2026
			US & Canada						Total International1						Total Worldwide
Total Systemwide			Properties			Rooms			Properties			Rooms			Properties			Rooms
Luxury			212			61,680			488			111,052			700			172,732
JW Marriott			37			19,824			98			32,299			135			52,123
JW Marriott Residences			1			91			4			1,055			5			1,146
The Luxury Collection			23			10,561			113			23,192			136			33,753
The Luxury Collection Residences			1			91			2			85			3			176
The Ritz-Carlton			43			13,226			84			19,253			127			32,479
The Ritz-Carlton Residences			46			5,150			23			1,928			69			7,078
The Ritz-Carlton Yacht Collection*			—			—			3			603			3			603
W Hotels			21			6,638			50			13,152			71			19,790
W Residences			8			795			8			768			16			1,563
St. Regis			13			2,564			55			11,838			68			14,402
St. Regis Residences			11			1,279			15			2,148			26			3,427
EDITION			5			1,379			18			3,389			23			4,768
EDITION Residences			3			82			1			10			4			92
Bvlgari			—			—			9			806			9			806
Bvlgari Residences			—			—			5			526			5			526
Premium			1,245			412,447			1,517			349,063			2,762			761,510
Marriott Hotels			338			132,732			291			88,438			629			221,170
Marriott Residences			—			—			5			1,283			5			1,283
Sheraton			157			61,327			274			85,115			431			146,442
Sheraton Residences			—			—			3			472			3			472
Westin			137			55,569			115			34,591			252			90,160
Westin Residences			3			266			3			413			6			679
Autograph Collection			180			41,079			205			39,386			385			80,465
Autograph Collection Residences			—			—			2			45			2			45
Renaissance Hotels			92			28,510			88			25,630			180			54,140
Renaissance Residences			1			112			—			—			1			112
Tribute Portfolio			113			20,861			96			13,847			209			34,708
Tribute Portfolio Residences			—			—			1			137			1			137
Le Méridien			23			5,123			100			27,262			123			32,385
Le Méridien Residences			—			—			1			62			1			62
Delta Hotels by Marriott			95			22,609			47			9,159			142			31,768
MGM Collection with Marriott Bonvoy			12			26,210			—			—			12			26,210
Design Hotels*			49			3,937			227			14,548			276			18,485
Gaylord Hotels			7			11,820			—			—			7			11,820
Marriott Executive Apartments			—			—			53			8,225			53			8,225
Outdoor Collection by Marriott Bonvoy**			36			1,879			—			—			36			1,879
Apartments by Marriott Bonvoy			2			413			6			450			8			863
Select			5,046			606,350			1,290			231,961			6,336			838,311
Courtyard by Marriott			1,083			149,914			292			58,656			1,375			208,570
Fairfield by Marriott			1,223			116,011			210			30,818			1,433			146,829
Residence Inn by Marriott			908			111,615			53			6,531			961			118,146
Four Points by Sheraton			147			21,060			289			59,292			436			80,352
SpringHill Suites by Marriott			585			69,167			—			—			585			69,167
TownePlace Suites by Marriott			606			60,905			—			—			606			60,905
AC Hotels by Marriott			148			24,703			129			19,701			277			44,404
Aloft by Marriott			169			24,418			75			15,948			244			40,366
Moxy Hotels			51			8,919			135			25,863			186			34,782
Element by Marriott			109			15,034			21			3,755			130			18,789
citizenM			17			4,604			21			4,415			38			9,019
Protea Hotels by Marriott			—			—			65			6,982			65			6,982

A-8

---

MARRIOTT INTERNATIONAL, INC.
TOTAL LODGING PRODUCTS BY TIER
As of September 30, 2026
			US & Canada						Total International1						Total Worldwide
Total Systemwide			Properties			Rooms			Properties			Rooms			Properties			Rooms
Midscale			67			6,590			281			31,746			348			38,336
City Express by Marriott			40			3,447			154			18,202			194			21,649
Four Points Flex by Sheraton			—			—			61			8,625			61			8,625
Series by Marriott**			9			911			66			4,919			75			5,830
StudioRes by Marriott			18			2,232			—			—			18			2,232
Timeshare*			73			18,949			22			3,963			95			22,912
Grand Total			6,643			1,106,016			3,598			727,785			10,241			1,833,801
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.

A-9

---

MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated US & Canada Properties
						Three Months Ended September 30, 2026 and September 30, 2025
						RevPAR												Occupancy															Average Daily Rate
Brand						2026						vs. 2025						2026						vs. 2025									2026						vs. 2025
JW Marriott						$	225.97					10.7		%				71.0		%				3.6		%	pts.						$	318.24					5.1		%
The Ritz-Carlton						$	376.85					14.6		%				66.4		%				3.3		%	pts.						$	567.53					8.9		%
W Hotels						$	259.08					10.1		%				72.3		%				1.3		%	pts.						$	358.47					8.2		%
Composite US & Canada Luxury1						$	315.81					12.4		%				69.7		%				2.6		%	pts.						$	452.98					8.2		%
Marriott Hotels						$	188.77					9.9		%				72.6		%				3.0		%	pts.						$	260.08					5.4		%
Sheraton						$	179.12					5.2		%				70.6		%				1.1		%	pts.						$	253.60					3.7		%
Westin						$	220.14					10.4		%				75.1		%				3.3		%	pts.						$	293.01					5.5		%
Composite US & Canada Premium2						$	189.81					9.1		%				72.5		%				2.6		%	pts.						$	261.80					5.3		%
US & Canada Full-Service3						$	217.13					10.2		%				71.9		%				2.6		%	pts.						$	302.00					6.2		%
Courtyard by Marriott						$	122.10					8.4		%				68.9		%				1.6		%	pts.						$	177.11					5.9		%
Residence Inn by Marriott						$	161.59					7.1		%				79.2		%				2.2		%	pts.						$	204.06					4.1		%
Composite US & Canada Select4						$	140.13					8.6		%				73.1		%				1.9		%	pts.						$	191.74					5.8		%
US & Canada - All5						$	200.53					9.9		%				72.2		%				2.4		%	pts.						$	277.92					6.2		%

Comparable Systemwide US & Canada Properties
						Three Months Ended September 30, 2026 and September 30, 2025
						RevPAR												Occupancy															Average Daily Rate
Brand						2026						vs. 2025						2026						vs. 2025									2026						vs. 2025
JW Marriott						$	218.04					9.5		%				71.7		%				2.6		%	pts.						$	304.03					5.5		%
The Ritz-Carlton						$	380.40					14.6		%				67.3		%				3.3		%	pts.						$	565.21					9.0		%
W Hotels						$	259.08					10.1		%				72.3		%				1.3		%	pts.						$	358.47					8.2		%
Composite US & Canada Luxury1						$	297.49					11.9		%				70.8		%				2.2		%	pts.						$	420.17					8.3		%
Marriott Hotels						$	158.58					7.8		%				71.5		%				2.1		%	pts.						$	221.63					4.6		%
Sheraton						$	150.13					6.0		%				71.6		%				0.8		%	pts.						$	209.71					4.8		%
Westin						$	181.22					8.9		%				73.5		%				2.5		%	pts.						$	246.69					5.2		%
Composite US & Canada Premium2						$	162.87					7.9		%				71.7		%				1.8		%	pts.						$	227.22					5.1		%
US & Canada Full-Service3						$	177.64					8.6		%				71.6		%				1.9		%	pts.						$	248.14					5.8		%
Courtyard by Marriott						$	123.10					6.9		%				72.1		%				1.6		%	pts.						$	170.83					4.4		%
Residence Inn by Marriott						$	146.98					6.4		%				80.9		%				1.8		%	pts.						$	181.76					4.1		%
Fairfield by Marriott						$	106.84					5.5		%				73.9		%				1.9		%	pts.						$	144.51					2.8		%
Composite US & Canada Select4						$	125.45					6.4		%				75.4		%				1.6		%	pts.						$	166.28					4.1		%
US & Canada - All5						$	146.29					7.4		%				73.9		%				1.7		%	pts.						$	197.93					4.9		%
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 by Marriott, Element by Marriott, AC Hotels by Marriott, and Moxy Hotels.
5 Includes US & Canada Full-Service and Composite US & Canada Select.

A-10

---

MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated US & Canada Properties
						Nine Months Ended September 30, 2026 and September 30, 2025
						RevPAR												Occupancy															Average Daily Rate
Brand						2026						vs. 2025						2026						vs. 2025									2026						vs. 2025
JW Marriott						$	264.24					7.3		%				73.1		%				1.9		%	pts.						$	361.33					4.5		%
The Ritz-Carlton						$	408.23					9.8		%				67.9		%				2.0		%	pts.						$	601.49					6.6		%
W Hotels						$	255.96					9.4		%				70.1		%				1.4		%	pts.						$	365.32					7.1		%
Composite US & Canada Luxury1						$	345.98					9.4		%				70.6		%				1.6		%	pts.						$	489.99					7.0		%
Marriott Hotels						$	189.33					6.7		%				71.4		%				1.4		%	pts.						$	265.19					4.6		%
Sheraton						$	178.16					3.8		%				70.1		%				0.7		%	pts.						$	254.16					2.8		%
Westin						$	206.84					6.4		%				72.1		%				1.4		%	pts.						$	286.83					4.3		%
Composite US & Canada Premium2						$	188.22					6.1		%				71.2		%				1.1		%	pts.						$	264.52					4.5		%
US & Canada Full-Service3						$	222.43					7.2		%				71.0		%				1.2		%	pts.						$	313.11					5.4		%
Courtyard by Marriott						$	119.83					5.2		%				67.8		%				0.5		%	pts.						$	176.65					4.4		%
Residence Inn by Marriott						$	160.62					4.7		%				77.5		%				0.9		%	pts.						$	207.32					3.4		%
Composite US & Canada Select4						$	138.35					5.5		%				71.7		%				0.8		%	pts.						$	192.96					4.3		%
US & Canada - All5						$	204.30					7.0		%				71.2		%				1.1		%	pts.						$	287.02					5.3		%

Comparable Systemwide US & Canada Properties
						Nine Months Ended September 30, 2026 and September 30, 2025
						RevPAR												Occupancy															Average Daily Rate
Brand						2026						vs. 2025						2026						vs. 2025									2026						vs. 2025
JW Marriott						$	251.08					6.8		%				73.4		%				1.4		%	pts.						$	342.09					4.8		%
The Ritz-Carlton						$	406.41					9.9		%				68.3		%				1.9		%	pts.						$	595.01					6.7		%
W Hotels						$	255.96					9.4		%				70.1		%				1.4		%	pts.						$	365.32					7.1		%
Composite US & Canada Luxury1						$	321.05					8.8		%				71.2		%				1.3		%	pts.						$	450.68					6.9		%
Marriott Hotels						$	155.60					5.5		%				69.7		%				1.0		%	pts.						$	223.40					4.1		%
Sheraton						$	143.30					4.5		%				69.5		%				0.7		%	pts.						$	206.06					3.5		%
Westin						$	177.09					5.1		%				71.5		%				0.8		%	pts.						$	247.59					4.0		%
Composite US & Canada Premium2						$	159.15					5.6		%				69.8		%				0.9		%	pts.						$	227.84					4.3		%
US & Canada Full-Service3						$	176.90					6.2		%				70.0		%				0.9		%	pts.						$	252.70					4.8		%
Courtyard by Marriott						$	116.94					5.0		%				69.3		%				0.7		%	pts.						$	168.74					3.9		%
Residence Inn by Marriott						$	138.25					4.7		%				77.9		%				1.0		%	pts.						$	177.44					3.3		%
Fairfield by Marriott						$	98.55					4.2		%				69.9		%				0.8		%	pts.						$	141.04					3.1		%
Composite US & Canada Select4						$	118.59					4.8		%				72.5		%				0.9		%	pts.						$	163.54					3.6		%
US & Canada - All5						$	141.86					5.5		%				71.5		%				0.9		%	pts.						$	198.39					4.2		%
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 by Marriott, Element by Marriott, AC Hotels by Marriott, and Moxy Hotels.
5 Includes US & Canada Full-Service and Composite US & Canada Select.

A-11

---

MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated International Properties
						Three Months Ended September 30, 2026 and September 30, 2025
						RevPAR												Occupancy															Average Daily Rate
Region						2026						vs. 2025						2026						vs. 2025									2026						vs. 2025
Europe						$	323.12					7.4		%				79.2		%				1.0		%	pts.						$	408.18					6.1		%
Middle East & Africa						$	91.43					-5.3		%				59.1		%				-5.1		%	pts.						$	154.72					2.8		%
Greater China						$	84.71					-0.8		%				70.2		%				-2.0		%	pts.						$	120.72					2.0		%
Asia Pacific excluding China						$	124.75					9.7		%				73.0		%				2.2		%	pts.						$	170.81					6.4		%
Caribbean & Latin America						$	157.26					1.7		%				63.2		%				1.8		%	pts.						$	248.80					-1.3		%
International - All1						$	125.34					3.8		%				69.7		%				-0.7		%	pts.						$	179.80					4.8		%
Worldwide2						$	155.19					6.9		%				70.7		%				0.5		%	pts.						$	219.57					6.0		%

Comparable Systemwide International Properties
						Three Months Ended September 30, 2026 and September 30, 2025
						RevPAR												Occupancy															Average Daily Rate
Region						2026						vs. 2025						2026						vs. 2025									2026						vs. 2025
Europe						$	204.38					6.4		%				77.9		%				1.7		%	pts.						$	262.44					4.1		%
Middle East & Africa						$	88.60					-5.3		%				60.3		%				-5.0		%	pts.						$	146.99					2.5		%
Greater China						$	75.72					-0.3		%				68.0		%				-1.5		%	pts.						$	111.31					1.9		%
Asia Pacific excluding China						$	123.59					9.3		%				73.0		%				1.7		%	pts.						$	169.36					6.7		%
Caribbean & Latin America						$	98.20					3.2		%				60.6		%				1.6		%	pts.						$	162.17					0.6		%
International - All1						$	121.74					4.4		%				69.7		%				0.0		%	pts.						$	174.76					4.4		%
Worldwide2						$	137.91					6.5		%				72.5		%				1.1		%	pts.						$	190.33					4.8		%
1 Includes Europe, Middle East & Africa, Greater China, Asia Pacific excluding China, and Caribbean & Latin America.
2 Includes US & Canada - All and International - All.

A-12

---

MARRIOTT INTERNATIONAL, INC.
KEY LODGING STATISTICS
In Constant $
Comparable Company-Operated International Properties
						Nine Months Ended September 30, 2026 and September 30, 2025
						RevPAR												Occupancy															Average Daily Rate
Region						2026						vs. 2025						2026						vs. 2025									2026						vs. 2025
Europe						$	263.84					6.7		%				72.1		%				0.3		%	pts.						$	365.86					6.3		%
Middle East & Africa						$	103.71					-13.4		%				57.3		%				-9.0		%	pts.						$	180.93					0.2		%
Greater China						$	83.67					2.7		%				68.4		%				-0.2		%	pts.						$	122.30					3.0		%
Asia Pacific excluding China						$	126.52					7.7		%				71.5		%				2.4		%	pts.						$	176.85					4.1		%
Caribbean & Latin America						$	202.83					0.4		%				65.4		%				0.7		%	pts.						$	310.13					-0.7		%
International - All1						$	124.22					2.1		%				67.7		%				-0.7		%	pts.						$	183.37					3.3		%
Worldwide2						$	156.05					4.6		%				69.1		%				0.0		%	pts.						$	225.81					4.6		%

Comparable Systemwide International Properties
						Nine Months Ended September 30, 2026 and September 30, 2025
						RevPAR												Occupancy															Average Daily Rate
Region						2026						vs. 2025						2026						vs. 2025									2026						vs. 2025
Europe						$	170.28					5.7		%				71.7		%				1.5		%	pts.						$	237.50					3.5		%
Middle East & Africa						$	98.38					-12.6		%				57.8		%				-8.3		%	pts.						$	170.31					-0.1		%
Greater China						$	74.83					2.9		%				66.5		%				0.1		%	pts.						$	112.57					2.7		%
Asia Pacific excluding China						$	123.88					7.5		%				71.3		%				2.2		%	pts.						$	173.81					4.1		%
Caribbean & Latin America						$	116.94					2.6		%				61.4		%				1.4		%	pts.						$	190.52					0.2		%
International - All1						$	116.87					3.1		%				67.2		%				0.1		%	pts.						$	174.04					2.9		%
Worldwide2						$	133.36					4.8		%				70.0		%				0.6		%	pts.						$	190.44					3.8		%
1 Includes Europe, Middle East & Africa, Greater China, Asia Pacific excluding China, and Caribbean & Latin America.
2 Includes US & Canada - All and International - All.

A-13

---

MARRIOTT INTERNATIONAL, INC.

NON-GAAP FINANCIAL MEASURES

ADJUSTED EBITDA

($ in millions)

			Fiscal Year 2026
			First Quarter						Second Quarter						Third Quarter												Total
Net income, as reported1			$	648					$	766					$	794											$	2,208
Cost reimbursement revenue			(4,844)						(5,058)						(5,080)												(14,982)
Reimbursed expenses			4,936						5,100						5,067												15,103
Interest expense			214						221						227												662
Interest expense from unconsolidated joint ventures			2						2						1												5
Provision for income taxes			210						278						266												754
Depreciation, amortization, and other1			54						115						55												224
Contract investment amortization			35						31						33												99
Depreciation and amortization classified in reimbursed expenses			73						76						78												227
Depreciation, amortization, and impairments from unconsolidated joint ventures			3						5						6												14
Stock-based compensation			57						66						65												188
Restructuring and merger-related charges (recoveries), and other			4						(10)						—												(6)
Adjustments related to Sonder Termination			(2)						—						—												(2)
Adjustment to gain on investee’s asset disposition			8						—						—												8
Adjusted EBITDA†			$	1,398					$	1,592					$	1,512											$	4,502
Change from 2025 Adjusted EBITDA†			15		%				13		%				12		%										13		%

			Fiscal Year 2025
			First Quarter						Second Quarter						Third Quarter						Fourth Quarter						Total
Net income, as reported			$	665					$	763					$	728					$	445					$	2,601
Cost reimbursement revenue			(4,655)						(4,932)						(4,760)						(4,857)						(19,204)
Reimbursed expenses			4,722						4,874						4,739						5,168						19,503
Interest expense			192						203						206						208						809
Interest expense from unconsolidated joint ventures			1						3						2						1						7
Provision for income taxes			99						291						266						137						793
Depreciation, amortization, and other			51						53						50						59						213
Contract investment amortization			28						29						29						49						135
Depreciation and amortization classified in reimbursed expenses			57						61						64						69						251
Depreciation, amortization, and impairments from unconsolidated joint ventures			4						4						4						6						18
Stock-based compensation			52						58						61						65						236
Restructuring and merger-related charges (recoveries), and other			1						8						(40)						29						(2)
Expenses related to Sonder Termination			—						—						—						23						23
Adjusted 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.

1 Includes an asset impairment charge of $68 million in the 2026 second quarter and $6 million in the 2026 third quarter related to the sale and planned sale of two U.S. & Canada hotels.

A-14

---

MARRIOTT INTERNATIONAL, INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED EBITDA FORECAST
FOURTH QUARTER 2026
($ in millions)
			Range
			Estimated Fourth Quarter 2026												Fourth Quarter 2025
Net income excluding certain items1			$	813					$	830
Interest expense			229						229
Interest expense from unconsolidated joint ventures			2						2
Provision for income taxes			294						300
Depreciation, amortization, and other			50						50
Contract investment amortization			37						37
Depreciation and amortization classified in reimbursed expenses			79						79
Depreciation, amortization, and impairments from unconsolidated joint ventures			5						5
Stock-based compensation			64						64
Adjusted EBITDA†			$	1,573					$	1,596					$	1,402
Increase over 2025 Adjusted EBITDA†			12		%				14		%
† 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/recoveries, 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 sale of a U.S. & Canada hotel and our investment in Lefay, each of which occurred in the 2026 second quarter, and our planned sale of a U.S. & Canada hotel, which we assume will occur in the 2026 fourth quarter. 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.

A-15

---

MARRIOTT INTERNATIONAL, INC.
NON-GAAP FINANCIAL MEASURES
ADJUSTED EBITDA FORECAST
FULL YEAR 2026
($ in millions)
			Range
			Estimated Full Year 2026												Full Year 2025
Net income excluding certain items1, 2			$	3,112					$	3,129
Interest expense			891						891
Interest expense from unconsolidated joint ventures			7						7
Provision for income taxes			1,072						1,078
Depreciation, amortization, and other2			274						274
Contract investment amortization			136						136
Depreciation and amortization classified in reimbursed expenses			306						306
Depreciation, amortization, and impairments from unconsolidated joint ventures			19						19
Stock-based compensation			252						252
Adjustments related to Sonder Termination			(2)						(2)
Adjustment to gain on investee’s asset disposition			8						8
Adjusted EBITDA†			$	6,075					$	6,098					$	5,383
Increase over 2025 Adjusted EBITDA†			13		%				13		%
† 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/recoveries, 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 sale of a U.S. & Canada hotel and our investment in Lefay, each of which occurred in the 2026 second quarter, and our planned sale of a U.S. & Canada hotel, which we assume will occur in the 2026 fourth quarter. 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 $74 million of asset impairment charges recognized during the 2026 first three quarters related to the sale and planned sale of two U.S. & Canada hotels.

A-16

---

MARRIOTT INTERNATIONAL, INC.

EXPLANATION OF NON-GAAP FINANCIAL AND PERFORMANCE MEASURES

In 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/recoveries, 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/recoveries, 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 charges/recoveries, 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 charges/recoveries 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, 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 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

A-17

---

MARRIOTT INTERNATIONAL, INC.

EXPLANATION OF NON-GAAP FINANCIAL AND PERFORMANCE MEASURES

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 renovations or expansions or a brand change, (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®.

A-18