Turning to Asia Pac, during the second quarter, our team signed a master franchising agreement with a leader in the upscale business hotel and resort segment in China. This relationship is expected to significantly accelerate the growth of our mid-scale portfolio in China with approximately 10,000 rooms over the next five years and increase choice brand awareness among Chinese travelers internationally.

Aug 6, 2025 / CEO / receipt, needs a key / Pat Patias, CEO | earnings call 2025-08-06 | transcript f654773c-7dc5-4421-a019-3f2b5a256e8a | chars 4515-4921 | segment 4

In addition, our recent investments in an enhanced group sales team and an expanded upscale hotel portfolio continue to pay off. This is demonstrated by the 48% year-over-year increase in revenue from the group travel business in the second quarter, driven in part by small corporate groups and sports travel bookings.

Aug 6, 2025 / CEO / receipt, needs a key / Pat Patias, CEO | earnings call 2025-08-06 | transcript f654773c-7dc5-4421-a019-3f2b5a256e8a | chars 11356-11674 | segment 11