CFO Kevin Jacobs said adjusted EBITDA totaled $901 million in the first quarter, up 13% year-over-year and above the company’s guidance range, “predominantly driven by better-than-expected system-wide RevPAR growth.” Management franchise fees grew 10.4% year-over-year. Diluted earnings per share, adjusted for special items, was $2.01.Business transient RevPAR up 2.7%, which he said represented a “4-point step up in demand” versus the fourth quarter when adjusting for calendar shifts, supported by improving ...