Marriott doesn't expect strikes to have 'material' impact on Q4 earnings
Says integrated Starwood and Marriott's loyalty programs. Says still addressing issues for some customers. Says new Enhanced Registration System has been rolled out to over 500 hotels. Says expects global RevPAR will increase 2% in Q4. Expects global RevPAR up 2%-3% in 2019. Expects North American RevPAR growth of 1% for Q4. Expects RevPAR in North America to increase 1%-3% in 2019. Says doesn't expect strikes to have a material impact on Q4 earnings. Expects Q4 Asia-Pacific RevPAR up MSD rate. Expects Q4 RevPAR in Europe to grow at MSD rate. Expects 2019 RevPAR to grow at a MSD rate. Expects Middle East & Africa RevPAR to decline at a LSD rate in Q4. Expects Middle East & Africa RevPAR to be "flattish" in 2019. Expects Q4 RevPAR in Caribbean & Latin America to increase at MSD rate. Expects net room growth of roughly 5% in 2018. Says does not see economic downturn on horizon. Expects gross fee revenues to total $900M-$910M in Q4. Expects net interest expense to total $90M in Q4. Expects to return roughly $3.7B to shareholders in 2018. Comments taken from Q3 earnings conference call.