Management remarks
Call period: 2026 Q2 · 2026-08-03
Guidance: Jennifer Mason: Full year adjusted EBITDA could increase between 11% and 12% to $5.97 billion to $6.03 billion.Demand and orders: Anthony Capuano: RevPAR in Greater China rose over 3%, led by strong inbound leisure demand recovery as our hotels continued to gain share in an uneven consumer spending environment.Margins: Jennifer Mason: It's up to 50 basis points of gross room revenue, fee reimbursement for achieving defined ITR thresholds.Analyst Q&A
Analyst Stephen Grambling asked: Maybe another follow-up just on the co-brand side. Just wondering if there's anything that investors should be thinking about in terms of how that will ramp over time? Management Anthony Capuano answered: The -- as Jen said, the $30 million number she referenced, that is solely from the new credit card terms for the balance of this year. The full benefit to the program is really expected to build over time as new and refreshed card products are introduced.管理层陈述
电话会期间：2026 Q2 · 2026-08-03
指引：詹妮弗·梅森：由于单位销售的时间安排，全年调整后EBITDA预计可能增长11%至12%，区间为59.7亿美元至60.3亿美元。需求与订单：安东尼·卡普阿诺：大中华区每间可供出租客房收入（RevPAR）增长超3%，主要得益于强劲的入境休闲需求复苏，我们的酒店在消费者支出不均衡的环境中持续提升市场份额。利润率：詹妮弗·梅森：达到既定ITR门槛可获得费用报销，报销金额最高可达客房总收入的50个基点。分析师问答
分析师斯蒂芬·格兰布林就联名品牌项目提问，想了解投资者需要关注哪些影响该项目未来增长节奏的因素。管理层安东尼·卡普阿诺回应称，珍妮提及的3000万美元数字仅来自今年剩余时间的新信用卡条款，随着新的和升级的信用卡产品推出，该项目的全部收益将随时间逐步显现。This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
