The company added approximately 46,000 net rooms to its system in the first quarter of 2024, including 37,000 from a strategic licensing agreement with MGM Resorts International.

Worldwide RevPAR increased by 4.2% in Q1 2024 compared to Q1 2023, driven by strong demand growth in international regions.

Marriott's development pipeline includes over 3,400 hotels and nearly 547,000 rooms, with 37% of these rooms under construction and over half located outside of U.S. and Canada.

The effective tax rate increased to 22.4% for the first quarter of 2024, compared to 10.3% for the first quarter of 2023, primarily due to the prior year release of tax reserves.

General, administrative, and other expenses increased by 29% in Q1 2024 compared to Q1 2023, primarily due to higher compensation costs.

The company repurchased 4.8 million shares of common stock for $1.2 billion in the first quarter of 2024, demonstrating a commitment to returning value to shareholders.

The company expects to incur ongoing legal and other expenses associated with the Data Security Incident and may incur additional monetary payments to regulators and/or litigants.

The company is unable to reasonably estimate the amount of losses from adverse judgments, settlements, fines, penalties, or other resolutions related to the Data Security Incident.

The company's insurance program may not be sufficient or available to cover all expenses or other losses related to the Data Security Incident.

The company experienced strong RevPAR growth in EMEA (10.1%), Greater China (6.0%), APEC (16.5%), and CALA (11.6%), indicating a strong competitive position in these markets.

RevPAR growth in the U.S. & Canada was 1.5%, indicating that demand has normalized in this region, which may indicate increased competition.

Systemwide RevPAR growth of 4.2% indicates a solid competitive position, but may be facing some headwinds in the U.S. and Canada.

Cost reimbursements, net decreased significantly due to timing differences between costs incurred for centralized programs and related reimbursements, as well as higher loyalty program expenses.

Owned, leased, and other - direct expenses increased by 2%, which may indicate a slight decrease in operational efficiency in this area.

General, administrative, and other expenses increased by 29% year-over-year, primarily due to higher compensation costs, indicating potential inefficiencies in cost management.

The company spent $109 million on capital and technology expenditures in Q1 2024, which is a slight increase compared to $95 million in Q1 2023.

The company anticipates spending $1.0 to $1.2 billion on capital and technology expenditures for the full year of 2024, including $250 million for maintenance capital spending and $200 million for the Sheraton Grand Chicago land purchase.

The filing does not provide specific details on R&D investments or initiatives, making it difficult to assess the company's focus on innovation and technology.

The company repurchased 4.8 million shares of common stock for $1.2 billion in the first quarter of 2024, which indicates a significant allocation of capital towards share repurchases.

The company declared a quarterly cash dividend of $0.52 per share, demonstrating a commitment to returning cash to shareholders.

The company issued $1.468 billion in Senior Notes, which were used for general corporate purposes, including working capital, capital expenditures, acquisitions, stock repurchases, or repayment of outstanding indebtedness.

The filing does not provide any specific details on environmental, social, or governance initiatives, making it difficult to assess the company's commitment to ESG factors.

The filing does not contain any discussion of sustainability risks and opportunities, indicating a potential lack of focus on these areas.

The filing does not provide specific details on governance practices beyond standard disclosures, making it difficult to assess the company's commitment to good governance.

The company experienced strong RevPAR growth in EMEA, Greater China, APEC, and CALA, driven by strong demand, indicating a positive market environment in these regions.

The company experienced a lower RevPAR growth of 1.5% in the U.S. and Canada, indicating a normalization of demand and potentially increased competition in these markets.

The company states that its exposure to market risk has not materially changed since December 31, 2023, suggesting a stable market environment.