Marriott International (MAR) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.153 Hello and welcome everyone joining today's Marriott International Q2 00:00:05.153 -- 00:00:10.774 2026 earnings call. At this time, all participants are in a listen-only mode. 00:00:10.774 -- 00:00:14.155 Later, you will have the opportunity to ask questions during the question and answer 00:00:14.155 -- 00:00:19.257 session. To register to ask a question at any time, please press star 00:00:19.257 -- 00:00:23.498 1 on your telephone keypad. Please note this call is being recorded. 00:00:23.498 -- 00:00:27.139 We are standing by if you should need any assistance. 00:00:28.041 -- 00:00:30.041 Good 00:00:33.446 -- 00:00:38.810 morning, everyone, and welcome to Marriott's second quarter 2026 earnings call. 00:00:38.810 -- 00:00:43.775 On the call with me today are Tony Capuano, our President and Chief Executive Officer, 00:00:43.775 -- 00:00:49.360 Jen Mason, our Executive Vice President and Chief Financial Officer, and Pilar Fernandez, 00:00:49.360 -- 00:00:52.313 Senior Director of Investor Relations. 00:00:52.313 -- 00:00:56.175 Before we begin, I would like to remind everyone that many of our comments today are 00:00:56.175 -- 00:01:01.317 not historical facts and are considered forward-looking statements under federal securities 00:01:01.317 -- 00:01:06.400 laws. These statements are subject to numerous risks and uncertainties as described in 00:01:06.400 -- 00:01:11.942 our SEC filings, which could cause future results to differ materially from those expressed 00:01:11.942 -- 00:01:17.774 in or implied by our comments. Unless otherwise stated, our REVPAR occupancy 00:01:17.774 -- 00:01:23.055 average daily rate and property level revenues comments reflect system-wide constant 00:01:23.055 -- 00:01:28.236 currency results for com...