Marriott International (MAR) Risk Factor Changes

Changes in privacy and data security laws could increase our operating costs and increase our exposure to payment obligations and litigation.

The Data Security Incident, and other information security incidents, could have numerous adverse effects on our business.

A failure to keep pace with developments in technology could impair our operations or competitive position.

We are incorporating AI and other emerging technologies into certain of our processes, offerings, and services, and these technologies may become increasingly important in our operations over time.

If hotel owners cannot repay or refinance mortgage loans secured by their properties, default under property leases, or experience other financial difficulties, our revenues and profits could materially decrease and o…

Our owned properties and other real estate investments subject us to numerous risks.

Our Loyalty Program plays a significant role in our business, and unfavorable developments affecting the program could adversely affect our business and results of operations.

Insurance may not cover damage to, or losses involving, hotels in our system or other aspects of our business, and the cost of such insurance could increase.

Actions by our hotel owners or others could materially adversely affect our image and reputation.

Our business depends on the quality and reputation of our Company and our brands, and any deterioration could adversely impact our market share, reputation, business, financial condition, or results of operations.

The effects of, or our failure to comply with, applicable laws, regulations, and government policies may disrupt our business, lower our revenues, increase our costs, reduce our profits, limit our growth, or damage ou…

Our growth strategy depends upon attracting hotel owners to our platform, and future arrangements with these third parties may be less favorable to us, depending on the terms offered by our competitors.

Changes in the way hotel rooms are booked could adversely impact our business.

Disagreements with hotel owners and other counterparties could materially impact our business, operations, financial results, and growth.

contract and related claims, which may cause us to incur significant legal fees and expenses.

Premature termination of our agreements with hotel owners could materially hurt our financial performance.

•causing hotel construction, opening, and renovation delays;

We are subject to various risks that make an investment in our securities risky.

potential guests and customers from travel service providers or other companies with whom we have substantial relationships, and we market to some individuals on these lists directly or by including our marketing mess…

Changes in laws could adversely affect our ability to market our products effectively.

Other governmental authorities investigating or seeking information about the Data Security Incident have imposed and may further impose undertakings, injunctive relief, consent decrees, or other penalties, which coul…

interest rate levels, and the availability of financing.

Insurance may not cover damage to, or losses involving, hotels in our system or other aspects of our business, and the cost of such insurance could increase.

alleged noncompliance.

resulting from legal proceedings or investigations) related to the Data Security Incident, and certain expenses by their nature (such as, for example, expenses related to enhancing our data privacy and information sec…

Insurance coverage designed to limit our exposure to losses such as those related to the Data Security Incident is costly and may not be sufficient or available to cover all of our expenses or other losses (including…

with recourse and remedies in the event of a breach, including termination of the agreements under certain circumstances, certain actions by these third parties may not give rise to recourse or remedies, and for those…

(including investigations and publicity resulting from actual or alleged failures), or actions we take to comply with such requirements or investigations could have significant adverse effects on our results of operat…

results to differ materially from those we express in forward-looking statements contained in this report or in other Company communications.