Sees FY26 adjusted EBITDA $632M-$647M. Sees FY26 global RevPAR down 2% to up 1%. Sees FY26 effective tax rate 25%. The company said, “Net capital outlays for hotel development-related activities are expected to decline from $103.4 million in 2025 to a range of $20 million to $45 million in 2026.”
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