Marriott International Inc.'s (MAR) CEO Anthony Capuano on Q1 2022 Results - Earnings Call Transcript

Marriott International, Inc. (NASDAQ:MAR) Q1 2022 Earnings Conference Call May 4, 2022 8:30 AM ET

Company Participants

Jackie Burka McConagha - SVP, Investor Relations

Betsy Dahm - VP of Investor Relations

Anthony Capuano - Chief Executive Officer

Leeny Oberg - Chief Financial Officer and Executive Vice President, Business Operations

Conference Call Participants

Steven Grambling - Goldman Sachs

Shaun Kelley - Bank of America Merrill Lynch

Joseph Greff - JPMorgan

Patrick Scholes - Truist Securities

Smedes Rose - Citigroup

Richard Clarke - Bernstein Research

David Katz - Jefferies

Chad Beynon - Macquaire Capital

Robin Farley - UBS

Vince Ciepiel - Cleveland Research

Operator

Good day, everyone, and welcome to today's Marriott International's First Quarter 2022 Earnings. At this time, all participants are in a listen-only mode. Later you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note that this call may be recorded and I will be standing by if you need any assistance.

It is now my pleasure to turn the conference over to Leeny Oberg, Chief Financial Officer and Executive Vice President of Business Operations.

Leeny Oberg

Thank you, operator. Before we begin, I wanted to take a moment to remember Laura Paugh, a trusted and valued friend and colleague to many of us on this call. As most of you know, Laura tragically passed away after a car accident a few weeks ago. Laura was smart, helpful, witty and unfailingly honest to all who knew her. We'll miss her incredible spirit and are committed to honor her legacy at Marriott. Laura's family was her greatest achievement and we're holding them in our thoughts and prayers.

And now I'll turn the call over to Jackie.

Jackie Burka McConagha

Thank you, Leeny. Good morning, everyone, and welcome to Marriott's First Quarter 2022 Earnings Call. On the call with me today are Tony Capuano, our Chief Executive Officer; Leeny Oberg, our Chief Financial Officer and Executive Vice President, Business Operations; and Betsy Dahm, our Vice President of Investor Relations.

I will remind everyone that many of our comments today are not historical facts and are considered forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties as described in our SEC filings which could cause our future results to differ materially from those expressed in or implied by our comments. Statements in our comments and the press release we've issued earlier today are effective only today and will not be updated as actual events unfold.