Strong Financial Performance
Adjusted EBITDA grew 9%, and adjusted EPS increased 20% in the first quarter. Fee-related and other revenues increased by $12 million year-over-year.
Record Pipeline and Room Additions
Global system grew by 4% and the pipeline by 5% to a record 2,143 hotels. Opened 15,000 rooms, 13% more than last year.
Growth in Ancillary Fee Streams
Ancillary revenue growth driven by higher credit card and partnership fees. New Barclays accounts rose 11%, and spend volumes increased 7%.
International Expansion
International net rooms grew by 7%. Strong interest in brands across Europe, the Middle East, and Eurasia, with team growing pipeline by nearly 40%.
Recognition and Ethical Practices
Named one of the World's Most Ethical Companies by Ethisphere for the third straight year.