In the Middle East and Africa region, REVPAR increased 10.3% year over year, driven by record-breaking months of travel around key events and holidays, including Eid, Hajj, and Catholic and Orthodox Easter. For full year 2025, we expect REVPAR growth in the mid-single-digit range.

Jul 23, 2025 / CFO / receipt, needs a key / Kevin Jacobs, CFO | earnings call 2025-07-23 | transcript 4badd7b5-edc4-4a43-9dd0-1110fc829bf3 | chars 12430-12711 | segment 12

In the Asia Pacific region, second quarter REVPAR was up 0.3% year over year. REVPAR in APAC-X China increased 5.2%, led by strong group trends in Japan and Korea. REVPAR in China declined 3.4% in the quarter, largely driven by continued weakness in corporate travel demand, particularly in Tier 2 and Tier 3 cities, and changes in government travel policies. For full year 2025, we expect REVPAR growth in Asia Pacific to be roughly flat, assuming modest rev par declines in China.

Jul 23, 2025 / CFO / receipt, needs a key / Kevin Jacobs, CFO | earnings call 2025-07-23 | transcript 4badd7b5-edc4-4a43-9dd0-1110fc829bf3 | chars 12712-13194 | segment 12

In the Asia-Pacific region, first quarter REVPAR was flat year-over-year. REVPAR and APAC-X China increased 3.5%, led by strong performance in Japan, India, and Korea. China RevPAR declined 3.1% in the quarter as performance was pressured by strong outbound travel during Chinese New Year and tough year-over-year comparisons. For full year 2025, we expect RevPAR growth in Asia Pacific to be in the low single-digit range, assuming flat RevPAR in China.

Apr 29, 2025 / CFO / receipt, needs a key / Kevin Jacobs, CFO | earnings call 2025-04-29 | transcript 614f4311-09a4-487a-8de2-0d89bd818e87 | chars 10839-11293 | segment 10

Performance continued to be led by strong leisure demand over the summer travel season, with continued recovery in business transient and group travel further benefiting results.

Oct 26, 2022 / CFO / receipt, needs a key / Kevin Jacobs, CFO | earnings call 2022-10-26 | transcript 19e055a0-bbec-43d2-93a5-49f1284c912f | chars 10637-10815 | segment 10

In the Americas outside the U.S., third quarter rev par increased 168% year over year and was down 30% versus 2019. The region benefited from easing travel restrictions and strong leisure demand over the summer period. Canada also saw a noticeable step up in demand in August after reopening their borders to vaccinated Americans.

Oct 27, 2021 / CFO / receipt, needs a key / Kevin Jacobs, CFO | earnings call 2021-10-27 | transcript 8d64882a-eb13-4645-a21e-e3bcad96d686 | chars 11851-12181 | segment 12

In the Middle East and Africa region, RevPAR increased 110% year over year and was down 29% versus 2019. Performance benefited from strong domestic leisure demand and international inbound travel from Europe.

Oct 27, 2021 / CFO / receipt, needs a key / Kevin Jacobs, CFO | earnings call 2021-10-27 | transcript 8d64882a-eb13-4645-a21e-e3bcad96d686 | chars 12399-12607 | segment 12

Travel demand accelerated across the region in the third quarter as vaccination rates increased and international travel restrictions loosened.

Oct 27, 2021 / CFO / receipt, needs a key / Kevin Jacobs, CFO | earnings call 2021-10-27 | transcript 8d64882a-eb13-4645-a21e-e3bcad96d686 | chars 12255-12398 | segment 12

Reinstated lockdowns and travel restrictions in Europe and Japan, coupled with temporary hotel closures and fixed operating costs, including fixed rent payments at some of our leased properties, weighed on our performance.

May 5, 2021 / CFO / receipt, needs a key / Kevin Jacobs, CFO | earnings call 2021-05-05 | transcript 505f643a-aa03-44ed-a5c1-cd66289e7617 | chars 11530-11752 | segment 11