Comparable system-wide RevPAR increased 34.8% in Q4 and 60.2% for the full year of 2022, compared to 2021. Comparable owned and leased hotels RevPAR increased 41.7% in the fourth quarter and 87.6% for the full year of 2022, compared to 2021. Comparable owned and leased hotels operating margin improved to 27.9% in the fourth quarter and to 27.1% for the full year of 2022. All-inclusive Net Package RevPAR was $190.64 in the fourth quarter and $187.28 for the full year of 2022. CEO Mark Hoplamazian said, "Our results in Q4 mark the completion of a truly transformative year. We generated a record level of fees and free cash flow while leading the industry in organic growth for a sixth consecutive year. This outcome is a direct result of successfully executing on our asset-light growth strategy. We continue to experience positive momentum in the markets in which we operate and are optimistic about the year ahead."
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