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SHAREHOLDER RETURN PERFORMANCE GRAPH
SHAREHOLDER RETURN PERFORMANCE GRAPH
The following graph compares the performance of our Class A Common Stock from December 31, 2013 to the end of fiscal year 2018 with the performance of the Standard & Poor’s Corporation Composite 500 Index and the Standard & Poor’s Hotels, Resorts & Cruise Lines Index. The graph assumes an initial investment of $100 on December 31, 2013, and reinvestment of dividends.
(1) At the end of fiscal year 2018, the S&P 500 Hotels, Resorts & Cruise Lines Index consisted of Marriott International, Inc., Carnival Corporation, Royal Caribbean Cruises Limited (beginning in 2014), Hilton Worldwide Holdings Inc. (beginning in 2017), and Norwegian Cruise Line Holdings Limited (beginning in 2017). Wyndham Worldwide Corporation was removed from the index in 2018, and Starwood Hotels & Resorts Worldwide Inc. was removed from the index in 2016.