Marriott International Increases Cash Dividend

WASHINGTON, May 2, 2003 /PRNewswire-FirstCall via COMTEX/ --

Marriott International, Inc. (NYSE: MAR) today announced that its board of directors has declared an increase in the company's quarterly cash dividend from seven cents to seven and one half cents per share of common stock. The dividend is payable July 24, 2003, to shareholders of record as of June 25, 2003. The company and its predecessors (old Marriott International, Inc. and Marriott Corporation) have paid a dividend in every quarter since late 1977.

MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading worldwide hospitality company with nearly 2,600 lodging properties in the United States and 66 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C., has approximately 129,000 employees, and was ranked as the lodging industry's most admired company and one of the best places to work for by FORTUNE(R). For more information or reservations, please visit the web site at www.marriott.com.

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SOURCE Marriott International, Inc.

Tom Marder of Marriott International, Inc., +1-301-380-2553, or
thomas.marder@marriott.com
/Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/532963.html

http://www.marriottnewsroom.com

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