We're happy to report that our 100th year of hospitality was one of our strongest yet. We delivered record growth and industry-leading innovations, while further strengthening the positive impact we're having in the communities we serve all around the world.

For the full year, we grew adjusted EBITDA 10% and adjusted EPS 14%, both ahead of our expectations. System-wide RevPAR growth grew nearly 1% for the year largely consistent with our recent guidance.

Our brands continue to perform well achieving the strongest market share gains we've seen in a decade. Despite a more challenging environment that weighed on our top line. We also demonstrated the power of our business model and disciplined capital allocation strategy by returning more than $1.7 billion or 8% of our market cap to shareholders in the form of buybacks and dividends.

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