Outlook
The outlook information below includes forward-looking non-GAAP financial measures, which management uses in forecasting performance. The adjusted numbers in the company's outlook below exclude the net surplus or deficit generated from reimbursable revenue from franchised and managed properties, due diligence and transition costs, additional repurchases of company stock, and other items:
| Full-Year 2024 | Prior Outlook | |
| Net Income | $260 – $274 million | $260 – $274 million |
| Adjusted Net Income | $306 – $320 million | $316 – $331 million |
| Adjusted EBITDA | $580 – $600 million | $580 – $600 million |
| Diluted EPS | $5.35 – $5.65 | $5.19 – $5.49 |
| Adjusted Diluted EPS | $6.30 – $6.60 | $6.30 – $6.60 |
| Effective Income Tax Rate | 24.5 % | 24.5 % |
| Full-Year 2024 | Prior Outlook | |
| vs. Full-Year 2023 | ||
| Domestic RevPAR Growth | Flat to 2% | Flat to 2% |
| Domestic Effective Royalty Rate Growth | Mid-single digits | Mid-single digits |
| Domestic Net Unit Growth | Approximately 2% | Approximately 2% |
| (upscale, extended stay, and midscale brands) |