Marriott International, Inc. (NASDAQ:MAR) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET

Company Participants

Jackie McConagha - Senior Vice President, Investor Relations
Tony Capuano - President & Chief Executive Officer
Leeny Oberg - Chief Financial Officer & Executive Vice President, Development

Conference Call Participants

Shaun Kelley - Bank of America
Stephen Grambling - Morgan Stanley
Joe Greff - JPMorgan
Patrick Scholes - Truist Securities
Brandt Montour - Barclays
Richard Clarke - Bernstein
Smedes Rose - Citi
Dan Politzer - Wells Fargo
Bill Crow - Raymond James
David Katz - Jefferies
Robin Farley - UBS
Chad Beynon - Macquarie
Michael Bellisario - Baird
Duane Pfennigwerth - Evercore ISI

Operator

Good day, everyone, and welcome to today's Marriott International First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Please note, today's call will be recorded and I'll be standing by if you should need any assistance.

It is now my pleasure to turn the conference over to Jackie McConagha, Senior Vice President, Investor Relations. Please go ahead.

Jackie McConagha

Thank you. Good morning, everyone, and welcome to Marriott's first quarter 2024 earnings call.

On the call with me today are Tony Capuano, our President and Chief Executive Officer; Leeny Oberg, our Chief Financial Officer and Executive Vice President, Development; and Betsy Dahm, our Vice President of Investor Relations.

Before we begin, I would like to 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 future results to differ materially from those expressed in or implied by our comments.

Unless otherwise stated, our RevPAR, occupancy, average daily rate, and property-level revenues comments reflect system-wide constant currency results for comparable hotels, and all changes refer to year-over-year changes for the comparable period. Statements in our comments and the press release we -- the press release we issued earlier today are effective only today and will not be updated as actual events unfold. You can find our earnings release and reconciliations of all non-GAAP financial measures referred to in our remarks today on our Investor Relations website.

And now, I will turn the call over to Tony.

Tony Capuano

Thanks, Jackie, and good morning, everyone.