September  8,  2014

Security Analyst MeetingMARRIOTT INTERNATIONAL

Forward‐Looking Statements andNon‐GAAP Financial Measures

This material contains “forward‐looking statements” within the meaning of federal securities laws, includingRevPAR, profit margin and earnings trends; the number of lodging properties we may add in future years; ourpotential investment spending and share repurchases; and similar statements concerning possible futureevents or expectations that are not historical facts. We caution you that these statements are not guaranteesof future performance and are subject to a number of risks and uncertainties, including changes in marketconditions; the continuation and pace of the economic recovery; supply and demand changes for hotel rooms;competitive conditions in the lodging industry; relationships with clients and property owners; the availabilityof capital to finance hotel growth and refurbishment; and other risk factors that we identify in our most recentquarterly report on Form 10‐Q; any of which could cause actual results to differ materially from theexpectations we express or imply here. We make these statements as of September 8, 2014 and we assumeno obligation to publicly update or revise any forward‐looking statement, whether as a result of newinformation, future events or otherwise.

Throughout the Security Analyst Meeting presentations we report certain financial measures, each identifiedwith the symbol "†," that are not required by, or presented in accordance with United States generallyaccepted accounting principles (“GAAP”). We discuss our reasons for reporting these non‐GAAP measures andreconcile each to the most directly comparable GAAP measures at www.marriott.com/investor.

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Executive Vice President and Chief Marketing & Commercial Officer 

LINNARTZ

Stephanie

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NEWNOWNEXT

CONSUMER

CONSUMER16

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SIGNATURE LIFESTYLE EXTENDED STAY ENTERTAINMENT

LUXURY

UPPER UPSCALE

UPSCALE

UPPER MODERATE

MODERATE

ECONOMY

Portfolio Power

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International Arrivals

25M

278M

525M

1.1B

1.8B

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Gen X/YGLOBAL MARKETS—WORKING AGE POPULATION

Gen Y & BeyondGen X

Boomers

201473%

27%

41%

32%

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Gen X/YGLOBAL MARKETS—WORKING AGE POPULATION

Gen Y & BeyondGen X

Boomers

201473%

202487%

27%

41%

32%13%

60%

27%

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Gen Y—Distinctly Different

Values

Attitudes

Behaviors

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Gen Y—Distinctly Different

CHARACTERISTICS

Design and Style

Accustomed to Luxury

Blend Work and Play

Tech Dependent

Sharing Generation

CHARACTERISTICS

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New Brands Turning Heads

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HOTELS THAT DON’T ACT LIKE HOTELS

The New York EDITION

$8.5Btarget consumer opportunity in the U.S.

2hotels

9in global pipeline

WHERE GOOD THINGS COME TOGETHER

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14

The Miami Beach EDITION

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The London EDITION

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The Cosmopolitan of Las Vegas, NV

INDIVIDUAL AND ORIGINAL

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Hotel am Steinplatz, Germany

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Hotel Adagio, San Francisco, CA

61hotels

12,358rooms globally

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The Algonquin Hotel Times Square, NY

More than 100hotels expected 

by 2017

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LIFESTYLE EXPERIENCE IN THE UPPER‐MODERATE TIER

Palau de Bellavista, Girona, Spain

43hotels in global 

pipeline

LIFESTYLE EXPERIENCE IN THE UPPER MODERATE TIER

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New Orleans Bourbon/French Quarter Area, LA

73hotels in Europe

Openings in North America begin in October

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Cuzco, Madrid, Spain

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Ambassadeur Antibes‐Juan les Pins, France

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STYLE, ATTITUDE, VALUE

1hotel

15in global pipeline

STYLE, ATTITUDE, VALUE

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Opportunity exists in Europe

Only 28%of economy supply 

is branded

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38

21

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Broad Brand Appeal

View from The Ritz‐Carlton, Tokyo, Japan

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REDEFINING LUXURY IN TODAY’S WORLD

The Ritz‐Carlton, Lake Tahoe, Truckee, CA

85hotels

34in global pipeline

REDEFINING LUXURY IN TODAY’S WORLD

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The Ritz‐Carlton Key Biscayne, Miami, FL

130RevPAR Index

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OFFERING APPROACHABLE LUXURY

JW Marriott Hotel Pune, India

65hotels

48in global pipeline

doubled customer awareness

OFFERING APPROACHABLE LUXURY

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JW Marriott Hotel Mumbai, India

World’s

Top 5Luxury Hotel 

Brands

44

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REINVENTING LIFESTYLE ON A GLOBAL SCALE

Renaissance Providence Downtown Hotel, RI

159hotels

44in global pipeline

REINVENTING LIFESTYLE ON A GLOBAL SCALE

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REIMAGINING EVERYTHING

Bangkok Marriott Hotel Sukhumvit, Thailand

493hotels

109in global pipeline

REIMAGING EVERYTHING

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WE PARTNERED WITH FELLOW TRAVELINNOVATOR VIRGIN AMERICA TO ASK:

HOW CAN WE MAKE THE JOURNEY AS BRILLIANT AS THEDESTINATION?

SU BM I T   I D E A

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Baltimore Marriott Waterfront, MD

MARKETING

doubledad exposure

increasedbrand consideration

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0

50,000

100,000

150,000

200,000

250,000

Social MediaACTIONS

Marriott Hotels

HiltonHotels

WestinHotels

HyattHotels

Sheraton Hotels

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modern

designedwith Gen X & Y 

feedback

Portland Marriott Downtown Waterfront, OR

50

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Bethesda Marriott, MD

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San Francisco Airport Marriott Waterfront, CA

M CLUB LOUNGE

73%choose 

Marriott Hotels for next stay

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Amsterdam Marriott Hotel, Netherlands

GROUP BUSINESS

33%of room revenue in North America

30%globally

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A key reason why I would plan 

a meeting at Marriott

MEETING SERVICES APP

“

”

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GLOBALIZATION55

Fairfield by Marriott Bengaluru Rajajinagar, India 

customizedbrands

localization

56

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Fairfield by Marriott Bengaluru Rajajinagar, India 

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Fairfield by Marriott Bengaluru Rajajinagar, India 

58

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Fairfield by Marriott – Brazil Prototype

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Protea Hotel Kruger Gate, Skukuza, South Africa

60

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Relating to Gen Y

Reinventing

Tailoring global brands to local sensibilities

MARRIOTT PORTFOLIO

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SALES & MARKETING  ENGINES

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7xgreater account 

coverage

7‐pointincrease in 

group RevPAR Index (5 years)

CHANGES NOW

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TRANSFORMING THE LOYALTY LANDSCAPE 64

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47Mmembers

50%paid/stayed room nights

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Best Hotel Loyalty Program

7 years

Turnberry Isle Miami, Aventura, Autograph Collection, FL

66

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The Ritz‐Carlton, Dove Mountain, Marana, AZ

#1 Best Hotels Rewards 

Program

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Highest OverallSatisfaction AmongTravel‐Hospitality

Programs

Instant

Easy

Shareable

Meaningful

Surprising

GEN Y CONSUMERS

68

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Boscolo Exedra Roma, Autograph Collection, Italy

Earn points for sharing Marriott experiences

Low‐point redemption options

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JW Marriott Hotel Mumbai, India

60%Gen X and Y

accessed in over

80countries

70

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JW Marriott Marquis Hotel Dubai, UAE

12‐week offering starting July

High‐value,                         limited  availability

Purchase with cash/points

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Announce in e‐blast

Available for 24 hours

72

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"I was able to book the JW Marriott Hotel in Hong Kong for 20000 points per night!”

milepoint

74

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75

76

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TRANSFORMING THE LOYALTY LANDSCAPE

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35M+visits a month

nearly

$10Bgross room 

bookings in 2013

MARRIOTT.COM

78

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Grand Bohemian Hotel Orlando, Autograph Collection, FL

40%from mobile devices

Ranked #1Lodging company in mobile sales 

by Internet Retailer

MARRIOTT.COM

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Courtyard New York Manhattan/Chelsea, NY

70%of Gen X & Y 

customers want mobile 

check‐in/check‐out

MOBILE CHECK‐IN/CHECK‐OUT

80

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4,000hotels scheduled for 

year‐end

400Kcheck‐ins,

100Kcheck‐outs

3.9Mapp downloads

Manila Marriott Hotel, Philippines

MOBILE CHECK‐IN/CHECK‐OUT

81

Courtyard Stafford Quantico, VA

Scalable

Impeccable execution

MOBILE CHECK‐IN/CHECK‐OUT

82

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AC Santo Mauro, Autograph Collection, Madrid, Spain

MOBILE

78%stronger impression 

of Marriott vs. competition

81%of Gen Ys would recommend

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DOUBLING DOWN ON DIGITAL

Digital conversations

Room selection

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NEWNOWNEXT

CONSUMER

CONSUMER85

Linnartz EndnotesSlide 18 – International ArrivalsUNWTO Tourism Highlights 2014 Edition

Slides 19 & 20 – Gen X/YU.S. Census Bureau, International Database 

Slide 24 – EDITIONSTR Luxury Industry Revenue, December 2013

Slide 29 – Autograph  CollectionAs of June 30, 2014

Slide 31 & 32 – AC HotelsAs of June 30, 2014

Slide 35 – MoxyAs of June 30, 2014

Slide 36 – MoxySTR Existing Supply Report, December 2011

Slide 41 – Ritz‐CarltonAs of June 30, 2014

Slide 42 – Ritz‐CarltonSTR Index Data, Last 12 months as of June 2014

Slide 43 – JW MarriottOpen and pipeline hotels as of June 30, 2014Doubled customer awareness  from 2010 to 2013, U.S. Luxury Brand Tracking Survey, December 2013

Slide 44 – JW MarriottJ.D. Power & Associates 2012 and 2013

Slide 45 – RenaissanceAs of June 30, 2014

Slide 46 – MarriottAs of June 30, 2014

Slide 48 – MarriottMillward Brown, LRW, Hall & Partners (2013‐2014)

Slide 49 – Social MediaTrack Monitoring, January – June 2014

Slide 53 – Marriott Group BusinessFY2013 North America and worldwide systemwide room revenue by trip purpose 

Slide 63 – Changes NowSTR Index Data for FY 2007 and FY2013

Slide 65 – Marriott RewardsNumber of Marriott Rewards members as of June 2014Percent of stayed and paid room nights for June 2014YTD

Slide 66 – Marriott RewardsJ.D. Power  2014 Hotel Loyalty/Rewards Program Satisfaction ReportFreddie Awards 2014 Hotel Program of the Year; also in 2013, 2012, 2011, 2010, 2009 and 2008

Slide 67 – Marriott RewardsU.S. News and World Report 2014‐2015 Best Rewards ProgramBond Brand Loyalty, The Loyalty Report 2014 

Slide 78 – Marriott.comVisits per month YTD through 8/16/14Gross room bookings  represent reservations made.  

Slide 79 – Marriott.comFY2013 percent of visits to marriott.com via mobile devicesInternet Retailer, November 2013

Slide 81 – MobileCheck‐in statistics since launch in November 2013Check‐out statistics since launch in February 2014App downloads from August 2011 through August 2014, Distimo