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Global Travel spend is total of outbound and domestic travel expenditures\n- Contribution to global economy - WTTC Travel & Tourism Impact 2022", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 16:50:33.747+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "de759b47-a56b-4f1d-a447-db1f6a68ec3f", "parentComponentId": null }, { "bbox": { "h": 0.065, "w": 0.32, "x": 0.508, "y": 0.238 }, "kind": "list", "text": "Slide A-7 - Diversification of Our Business\n- Rooms percentages as of December 31, 2008 and June 30, 2023\n- Fee percentages YTD June 30, 2008 and YTD June 30, 2023", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 16:50:33.747+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f05e02fb-a790-475b-9bc9-c01fca469585", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.32, "x": 0.143, "y": 0.335 }, "kind": "paragraph", "text": "Non-RevPAR-related franchise fees include cobrand credit card, timeshare and residential branding fees, application fees, relicensing fees, and certain other licensing fees", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 16:50:33.747+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "02d45a48-395e-427a-b54a-b09f7d0322d6", "parentComponentId": null }, { "bbox": { "h": 0.065, "w": 0.32, "x": 0.143, "y": 0.238 }, "kind": "paragraph", "text": "Note that in the model, MGM rooms are still assumed to be added in 2023. Given the current uncertainty related to MGM's cyber incident, there is a chance the timing could slip to 2024", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 16:50:33.747+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3b54b3cc-0539-4337-93c5-68162521c886", "parentComponentId": null }, { "bbox": { "h": 0.035, "w": 0.275, "x": 0.143, "y": 0.165 }, "kind": "title", "text": "CAPUANO ENDNOTES", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 16:50:33.747+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f892635f-9a36-4aa9-9d81-0ffa6eefe917", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Annotation", "slug": "annotation", "status": "active", "bestFor": null, "canonId": "019dd956-b5b9-7668-bf0e-3af99823ec5c", "version": 1, "bodyDocId": null, "description": "Adding explanatory labels to highlight key data points", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "df197c65-019f-4f4a-8357-86569a862b82", "evidence": "list/bullet: Slide A-3 - Robust Outlook for Global Travel Spend", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-16 22:19:06.516686+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 12, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [], "loops": [], "locked": true } ], "arcBeats": [ { "from": 5, "to": 5, "label": "Market Size", "description": "Slide 5 discusses the robust outlook for global travel spend." }, { "from": 4, "to": 4, "label": "Business Model", "description": "Slide 4 highlights the power and wisdom of the asset-light model." }, { "from": 10, "to": 10, "label": "Financials", "description": "Slide 10 presents the financial model." }, { "from": 1, "to": 3, "label": "Setup", "description": "Slides 1-3 provide an introduction, disclaimer, and team bio." } ], "loops": [ { "from": 7, "to": 7, "label": "Maturity Curve", "description": "To show current travel trends and their impact on Marriott's growth" }, { "from": 9, "to": 9, "label": "Benchmark Gap", "description": "To highlight the diversification of Marriott's business" } ] }