The expenses and insurance recoveries are reflected in either the reimbursed expenses or merger-related costs and charges lines of the Income Statement, which have been excluded from adjusted net income, adjusted EPS and adjusted EBITDA.The company also recorded a $126 million non-tax deductible accrual in the second quarter for the fine proposed by the U.K. Information Commissioner’s Office in relation to the data security incident. This estimate reflects stronger results at owned and leased hotels, offset by approximately $35 million of lower termination fees year-over-year. Compared to the estimate the company provided on May 10, this estimate of gross fee revenues largely reflects lower RevPAR growth, additional unfavorable foreign exchange and lower credit card branding fees.

— Bethesda, MD 12/31/2018.

Number of Marriott International hotel rooms worldwide, by region 2016-2019. The company anticipates third quarter 2019 incentive management fees will decrease at a mid to high single-digit rate compared to third quarter 2018 incentive management fees of $151 million due to modest expected RevPAR growth in North America and tough comparisons to the 2018 World Cup in Russia.Marriott anticipates third quarter 2019 owned, leased, and other revenue, net of direct expenses, could total $70 million. This outlook for the 2019 third quarter does not reflect any additional asset sales that may occur during the quarter.The company expects third quarter 2019 general, administrative, and other expenses could total $220 million to $225 million. Full year 2018 general, administrative, and other expenses included a $51 million expense for the company’s supplemental investments in its workforce, which is not expected to repeat in 2019.The company anticipates full year 2019 diluted EPS could total $5.97 to $6.06, a 2 to 4 percent decline compared to 2018 adjusted diluted EPS of $6.21.

Data is a real-time snapshot *Data is delayed at least 15 minutes. In the same year, the average daily rate (ADR) of Marriott hotels worldwide was 182.6 U.S. dollars.

Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Scenes from a Marriott hotel in Midtown. Marriott annual gross profit for 2018 was $19.452B, a 2.16% increase from 2017. This estimate does not reflect any asset sales that may occur in the fourth quarter of 2019. At quarter-end, Marriott’s lodging system encompassed 7,100 properties and timeshare resorts with nearly 1,346,000 rooms.At quarter-end, the company’s worldwide development pipeline totaled 2,919 properties with more than 487,000 rooms, including 1,150 properties with roughly 213,000 rooms under construction and 253 properties with approximately 40,000 rooms approved for development, but not yet subject to signed contracts.In the 2019 second quarter, worldwide comparable systemwide constant dollar RevPAR increased 1.2 percent (a 0.3 percent decrease using actual dollars). Third quarter 2018 adjusted results included $71 million pre-tax ($0.26 per share) of asset sale gains in gains and other income, net and equity in earnings.

We expect the platform will grow through both new-build properties and conversions of existing resorts, offering travelers yet another option for earning and redeeming Marriott Bonvoy points.“Our results in the second quarter highlight the resiliency of our business model and the growing strength of our brands.

See page A-12 for the adjusted EBITDA calculation.For the 2019 fourth quarter, Marriott expects comparable systemwide RevPAR on a constant dollar basis will increase 1 to 2 percent in North America, 2 to 3 percent outside North America, and 1 to 2 percent worldwide.The company assumes fourth quarter 2019 gross fee revenues will total $981 million to $996 million, an 8 to 9 percent increase over fourth quarter 2018 gross fee revenues of $910 million.