Marriott International changed the game in 2017, reaching more than 6,500 properties across 30 brands in 127 countries and territories. With the integration of Starwood well underway, our combined loyalty programs have grown to nearly 110 million members — the largest in our industry. Today’s sophisticated travelers are looking for more personalized experiences and we continue to find new and exciting ways to surprise and delight our guests. From our Alibaba partnership to adding more than 100,000 local experiences at over 800 destinations with our partnership with PlacePass, Marriott International remains on the cutting edge. The future of travel looks bright.

Please see Item 1A “Risk Factors” under Financial Information for important information about forward-looking statements we make in the 2017 Annual Report and the risks that could cause actual future results to differ materially from those statements.