MARRIOTT INTERNATIONAL INC

Marriott International, Inc. is a global franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties. The company operates under a portfolio of brands across various price and service points. Marriott primarily focuses on franchising, management, and licensing, owning or leasing less than one percent of its lodging properties. As of year-end 2025, Marriott's system comprised 9,805 properties with 1,779,936 rooms across 145 countries and territories. Additionally, the company had approximately 4,100 properties with nearly 610,000 rooms in its development pipeline. Marriott's operations are reported across four business segments: U.S. & Canada, Europe, Middle East & Africa (EMEA), Greater China, and Asia Pacific excluding China (APEC). The Caribbean & Latin America (CALA) operating segment's results are included in "Unallocated corporate and other." The company's brand portfolio is categorized into Classic and Distinctive styles, grouped into four quality tiers: Luxury, Premium, Select, and Midscale. Luxury brands provide bespoke amenities and services, Premium offers sophisticated amenities, Select provides smart amenities, and Midscale offers limited services and essential amenities at an affordable price. Longer stay brands, classified under multiple quality tiers, offer amenities suggesting home comforts.