We expect 1 to 1.1 billion of investment spending in 26, similar to 2025 spending excluding Citizen M. Let me talk about the three broad buckets of investments. First, around 25% is related to renovations to owned and leased hotels. Second, roughly 35% to 40% is expected to come from continued spending on our digital tech transformation, the overwhelming portion of which is expected to be reimbursed over time, as well as other corporate systems. The remaining 35% to 40% is expected investment in our contracts for both existing units, typically used in connection with valuable contract renewals, extensions, or renovations that result in incremental fee revenue over time, and for new units as we continue to expand our global portfolio.
Feb 10, 2026 / CFO / receipt, needs a key / Leni Oberg, CFO | earnings call 2026-02-10 | transcript e5b77a57-aa06-4c72-b954-54830390e584 | chars 19386-20129 | segment 19
International REVPAR rose a remarkable 63% over the 22 first quarter, with ADR rising 16%. Occupancy reached 64%, an 18 percentage point improvement versus the prior year quarter. Demand was strong in all international markets, with particularly impressive improvement in Asia Pacific after travel restrictions were lifted.
May 2, 2023 / CFO / receipt, needs a key / Leni Oberg, CFO | earnings call 2023-05-02 | transcript 376278a3-ec6e-4ff1-8541-b13a2636b239 | chars 57902-58225 | segment 58
International RevPAR rose a remarkable 63% over the 22 first quarter. with ADR rising 16%. Occupancy reached 64%, an 18 percentage point improvement versus the prior year quarter. Demand was strong in all international markets, with particularly impressive improvement in Asia Pacific after travel restrictions were lifted.
May 2, 2023 / CFO / receipt, needs a key / Leni Oberg, CFO | earnings call 2023-05-02 | transcript 376278a3-ec6e-4ff1-8541-b13a2636b239 | chars 6567-6890 | segment 6
G&A and other expenses totaled $231 million in the second quarter, primarily due to higher incentive compensation accruals as well as increased travel expense.
Aug 2, 2022 / CFO / receipt, needs a key / Leni Oberg, CFO | earnings call 2022-08-02 | transcript 7b2ca44f-e9ed-4043-88ad-1bb00fb99227 | chars 12775-12934 | segment 12
For the full year, we're now anticipating G&A expenses of $890 to $900 million due to higher compensation accruals as well as travel expenses, but still well below $2,000 billion.
Aug 2, 2022 / CFO / receipt, needs a key / Leni Oberg, CFO | earnings call 2022-08-02 | transcript 7b2ca44f-e9ed-4043-88ad-1bb00fb99227 | chars 13891-14070 | segment 14
Demand in Greece rose quickly after travel restrictions were eased in April, leading to a 20% premium in ADR for the quarter versus the same period in 2019.
Aug 3, 2021 / CFO / receipt, needs a key / Leni Oberg, CFO | earnings call 2021-08-03 | transcript 4933d003-1c62-4e58-9431-11e447ba0089 | chars 14668-14824 | segment 14
We expect that when improved ease of international travel occurs, that will also fuel further recovery in lodging demand.
Aug 3, 2021 / CFO / receipt, needs a key / Leni Oberg, CFO | earnings call 2021-08-03 | transcript 4933d003-1c62-4e58-9431-11e447ba0089 | chars 19360-19481 | segment 19