Renaissance Hotels & Resorts

Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: Reservations meetingcomparison hotels

  “tion Channels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross r”

  Note: The Marriott.com booking count is reported for 63 hotels, but the calculation text says the percentages used all 88 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: Reservations meetingcomparison hotels

  “or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the me”

  Note: The OTA hotel count is reported for 63 Included Hotels, but the calculation text says the booking percentages used all 88 Included Hotels. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: 43.0% Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS 17.7% All Reservation Channels — 73.4%

  “ation Channel Percentage of Total Bookings by Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS 17.7% All Reservation Channels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; an”

  Note: The all-channel booking share is reported in the chart, but the calculation text identifies 88 Included Hotels while the disclosure defines 63. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: median bookings from Voice Reservations was 1.0%; the median bookings from CECs was — 2.3%

  “he 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point in the range of performance data.”

  Note: The median CECs booking share is stated, but the text cites both 63 and 88 Included Hotels. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was — 6.9%

  “gs from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point in the range of performance data.”

  Note: The median OTA booking share is stated, but the text cites both 63 and 88 Included Hotels. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: Reservations meetingcomparison hotels

  “ir total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0”

  Note: The CEC booking count is reported for 63 hotels, but the calculation text says the percentages used all 88 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: ls received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or — 57.1%

  “their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point i”

  Note: The GDS booking result is reported for 63 Included Hotels, but the calculation text says the percentages used all 88 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: y Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS — 17.7%

  “2025 Room Night Bookings Reservation Channel Percentage of Total Bookings by Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS 17.7% All Reservation Channels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median ”

  Note: The GDS booking share is reported in the chart, but the calculation text identifies 88 Included Hotels while the disclosure defines 63. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: Reservations meetingcomparison hotels

  “of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room nig”

  Note: The Voice Reservations booking count is reported for 63 hotels, but the calculation text says the percentages used all 88 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: ngs Reservation Channel Percentage of Total Bookings by Included Hotels Marriott.com — 43%

  “2025. Marriott Reservation Channels’ Contributions to 2025 Room Night Bookings Reservation Channel Percentage of Total Bookings by Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS 17.7% All Reservation Channels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3”

  Note: The booking share is reported for 63 Included Hotels, but the calculation text says the percentages used all 88 Included Hotels. The applicable population cannot be resolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: s was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was — 19.9%

  “ian bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point in the range of performance data.”

  Note: The median GDS booking share is stated, but the text cites both 63 and 88 Included Hotels. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: more of their total gross room night bookings from Voice Reservations; 25 hotels or — 39.7%

  “t bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights b”

  Note: The CEC booking result is reported for 63 hotels, but the calculation text says 88 Included Hotels. The applicable population for this booking share is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: Reservations meetingcomparison hotels

  “more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights ”

  Note: The all-channel hotel count is reported for 63 Included Hotels, but the calculation text says the booking percentages used all 88 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: .0% or more of their total gross room night bookings from Marriott.com; 24 hotels or — 38.1%

  “uring 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings ”

  Note: The Voice Reservations result is reported for 63 hotels, but the calculation text says 88 Included Hotels. The applicable population for this booking share is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: ercentage of Total Bookings by Included Hotels Marriott.com 43.0% Voice Reservations — 1.2%

  “n Channels’ Contributions to 2025 Room Night Bookings Reservation Channel Percentage of Total Bookings by Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS 17.7% All Reservation Channels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings fr”

  Note: The Voice Reservations booking share is reported in the chart, but the calculation text identifies 88 Included Hotels while the disclosure defines 63. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: ceived 2.7% or more of their total gross room night bookings from CECs; 21 hotels or — 33.3%

  “oom night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of ”

  Note: The OTA booking result is reported for 63 Included Hotels, but the calculation text says the percentages used all 88 Included Hotels. The applicable population cannot be resolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received — 17.7%

  “ght bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point in the range of performanc”

  Note: The GDS booking share is stated, but the calculation text identifies 88 Included Hotels while the disclosure defines 63. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: ookings by Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs 2.7% OTAs — 8.7%

  “tions to 2025 Room Night Bookings Reservation Channel Percentage of Total Bookings by Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS 17.7% All Reservation Channels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; th”

  Note: The booking share is reported for 63 Included Hotels, but the calculation text on p.117 says the percentages used all 88 Included Hotels. The applicable population cannot be resolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: tion Channels. For the 63 Included Hotels, the median bookings from Marriott.com was — 43%

  “ved 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point in the range of performance data.”

  Note: The median Marriott.com booking share is reported for 63 hotels, but the calculation text says the percentages used all 88 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: of Total Bookings by Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs — 2.7%

  “’ Contributions to 2025 Room Night Bookings Reservation Channel Percentage of Total Bookings by Included Hotels Marriott.com 43.0% Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS 17.7% All Reservation Channels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs wa”

  Note: The CEC booking share is reported in the chart, but the calculation text identifies 88 Included Hotels while the disclosure defines 63. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: nels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received — 43%

  “ Voice Reservations 1.2% CECs 2.7% OTAs 8.7% GDS 17.7% All Reservation Channels 73.4% During 2025, of the 63 Included Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night”

  Note: The 43 hotel count is reported for Marriott.com bookings, but the same disclosure says booking percentages were calculated using 88 rather than 63 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: l gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received — 1.2%

  “luded Hotels, 32 hotels or Renaissance received 43.0% or more of their total gross room night bookings from Marriott.com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently can”

  Note: The 1.2% Voice Reservations booking threshold is stated, but its applicable population is unresolved because the text cites both 63 and 88 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: eir total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received — 8.7%

  “oice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked ”

  Note: The OTA booking share is stated, but the calculation text identifies 88 Included Hotels while the disclosure defines 63. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: s room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received — 2.7%

  “com; 24 hotels or 38.1% of hotels received 1.2% or more of their total gross room night bookings from Voice Reservations; 25 hotels or 39.7% of hotels received 2.7% or more of their total gross room night bookings from CECs; 21 hotels or 33.3% of hotels received 8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type o”

  Note: The 2.7% CEC booking threshold is stated, but its applicable population is unresolved because the text cites both 63 and 88 Included Hotels.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: ookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was — 1%

  “ngs from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point in the range of performance data.”

  Note: The median Voice Reservations booking share is stated, but the text cites both 63 and 88 Included Hotels. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: their total gross room night bookings from GDS; and 43 hotels or of hotels received — 73.4%

  “night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point in the range of performance data.”

  Note: The all-channel booking share is stated, but the calculation text identifies 88 Included Hotels while the disclosure defines 63. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: okings from GDS was 19.9%; and the median bookings from all Reservation Channels was — 75.7%

  “s from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings from all Reservation Channels was 75.7%. “Gross Room Night Bookings” means the total number of room nights booked at a hotel, including bookings that are subsequently cancelled. In calculating these percentages, we divided the total number of gross room nights booked through each type of Reservation Channel at all of the 88 Included Hotels by the total number of gross room nights booked at all of the 88 Included Hotels. The “median” is the middle data point in the range of performance data.”

  Note: The median all-channel booking share is stated, but the text cites both 63 and 88 Included Hotels. The applicable population is unresolved.

• Item 19 · PDF p. 117 · 2026 FDD

  Our summary: Reservations meetingcomparison hotels

  “8.7% or more of their total gross room night bookings OTAs; 36 hotels or 57.1% of hotels received 17.7% or more of their total gross room night bookings from GDS; and 43 hotels or of hotels received 73.4% or more of their total gross room night bookings from all Reservation Channels. For the 63 Included Hotels, the median bookings from Marriott.com was 43.0%; the median bookings from Voice Reservations was 1.0%; the median bookings from CECs was 2.3%; the median bookings from OTAs was 6.9%; the median bookings from GDS was 19.9%; and the median bookings ”

  Note: The GDS hotel count is reported for 63 Included Hotels, but the calculation text says the booking percentages used all 88 Included Hotels.