Marriott CEO Sorenson on Asia Pipeline, U.S. Travel Ban

The transcript discusses Marriott International's expansion plans in Asia, including new hotel deals in Malaysia and Japan. It highlights the company's growth strategy, with 600 hotels open and 500 in the pipeline. The global economic outlook is positive, with strong performance in Asia and moderate growth in the US. The impact of the US travel ban on international travel is also addressed, noting a decline in US market share.

What new hotel deals did Marriott International sign in Malaysia?

• A Sheraton hotel in Kuala Lumpur

• A Ritz-Carlton hotel in Kuala Lumpur

• A W Hotel in Kuala Lumpur

• Two JW Marriott hotels in Kuala Lumpur

How many hotels does Marriott have in the pipeline across Asia Pacific?

• 500

• 600

• 400

• 300

What is RevPAR in the hotel industry?

• Rate per available room

• Rate per average room

• Revenue per average room

• Revenue per available room

What is the expected GDP growth range for the US in 2018?

• 0-1%

• 1-2%

• 2-3%

• 3-4%

What is one potential outcome of US tax reform for Marriott?

• Increased investment

• Decreased profitability

• Reduced hotel openings

• Lower room rates

How has the Trump travel ban affected international travel to the US?

• No change in international arrivals

• Decreased international arrivals

• Increased international arrivals

• Increased domestic travel

What narrative does the travel ban feed in the rest of the world?

• The US is more welcoming

• The US is more competitive

• The US is less welcoming

• The US is unchanged