Financial Performance - Fourth quarter diluted EPS rose 80% to 1.08,whileadjusteddilutedEPSgrew141.04, reflecting higher net income and share repurchase activity[2] - Full-year 2024 adjusted EBITDA increased by 5% to 694million,withacomparablegrowthof7289 million for 2024, consistent with the previous year, despite higher transaction-related expenses[15] - Net revenues for the year ended December 31, 2024, were 1,408million,a0.81,397 million in 2023[30] - Basic earnings per share for the year ended December 31, 2024, were 3.64,upfrom3.43 in 2023[30] - Adjusted EBITDA for the full year 2024 was 767million,anincreasefrom727 million in 2023[32] - The company reported operating income of 495millionfortheyearendedDecember31,2024,comparedto503 million in 2023[30] - Adjusted net income for Q4 2024 was 82million,comparedto75 million in Q4 2023, reflecting a 9.3% increase[52] Revenue Per Available Room (RevPAR) - Global RevPAR increased by 5% in Q4 2024 compared to Q4 2023, with a full-year growth of 2% year-over-year in constant currency[2] - The U.S. RevPAR grew 5% in Q4 2024, with a sequential improvement of 620 basis points from Q3 2024[7] - Global RevPAR for the full year 2024 was 42.91,adecreaseof0.4430 million to shareholders in 2024 through share repurchases and dividends, with an 8% increase in quarterly cash dividend to 0.41persharestartingQ12025[18]CashFlowandAssets−FreecashflowfortheyearendedDecember31,2024,was350 million, compared to 411millionin2023[35]−Cashandcashequivalentsincreasedto113 million as of December 31, 2024, from 66millionin2023[37]−Thecompany’scashandcashequivalentsincreasedto103 million as of December 31, 2024, compared to 66millionin2023[38]−Totalassetsincreasedto4,223 million as of December 31, 2024, from 4,033millionin2023[37]DebtandFinancialObligations−Totaldebtroseto2,463 million as of December 31, 2024, up from 2,201millionin2023[37]−TotaloutstandingdebtasofDecember31,2024,was2.463 billion, with a weighted average interest rate of 4.8%[38] - Net debt as of December 31, 2024, was 2.360billion,resultinginanetdebtleverageratioof3.4x[38]−Thecompanyincurred47 million in payments related to hostile takeover defense during the year[34] Future Outlook - The company expects adjusted EBITDA for 2025 to be in the range of 745millionto755 million[54] - Projected adjusted diluted EPS for 2025 is estimated to be between 4.66and4.78[54] - The company plans to allocate approximately 40to45 million for capital expenditures in 2025[54] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[48]