Marriott sees FY26 RevPar growth 1.5%-2.5%

Sees FY26 net rooms growth 4.5%-5%. Sees FY26 tax rate 26%-26.5%. Sees FY26 investment spending $1B-$1.1B. Says conversions remained a key driver of growth. Says had an incredibly strong Q4 for signings. Says in FY26 expects another year of strong capital returns of over $4.3B. Comments and guidance taken from Q4 earnings conference call.