WASHINGTON, Aug 03, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) today announced that its board of directors declared a quarterly cash dividend of 6 1/4 ($0.0625) cents per share of common stock. The company and its predecessors (old Marriott
- Worldwide systemwide comparable revenue per available room (REVPAR) rose 10.4 percent (10.7 percent using constant dollars) for the second quarter ended June 16; Average daily rate increased 8.6 percent (9.0 percent using constant dollars); North American comparable systemwide REVPAR increased 10.7 percent for the second quarter; - House profit margins for North American comparable company-operated properties soared 300 basis points; North American property-level EBITDA margins for comparable company-operated properties, calculated as if wholly owned, surged 320 basis points; - Combined base management, franchise and incentive fees increased 20 percent to $304 million in the second quarter as a result of continuing strong REVPAR growth, house profit margin improvement and unit expansion. Incentive fees jumped 48 percent to $77 million. Fifty-six percent of company-managed hotels reported incentive fees in the second quarter compared to 42 percent in the year ago quarter; - Contract sales for the company's timeshare, fractional and whole- ownership projects rose 40 percent; - The company's worldwide pipeline of hotels under construction, awaiting conversion or approved for development increased to 80,000 rooms compared to 60,000 rooms in the year ago quarter and 75,000 rooms at the end of the first quarter. Over 4,800 rooms and timeshare resort units opened during the second quarter, with systemwide rooms at the end of the second quarter totaling more than 507,000; - Marriott repurchased 10.5 million shares of its common stock for $380 million during the second quarter; year-to-date, through July 10, 2006, the company repurchased 20.7 million shares for $733 million; - Marriott recycled capital, generating cash proceeds of $810 million through notes receivable payments, the sale of timeshare notes and asset sales in the second quarter. Year-to-date, through June 16, 2006, Marriott has generated cash proceeds of approximately $1 billion from recycled capital; - For the full year 2006, the company expects REVPAR for systemwide comparable North American properties to increase 9 to 11 percent and expects house profit margins to expand 225 to 275 basis points.
WASHINGTON, June 9, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) will conduct its 2006 second quarter earnings review for the investment community and news media on Thursday, July 13, 2006 at 10 a.m. Eastern Time (ET).
WASHINGTON, May 31, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Arne M. Sorenson, executive vice president, chief financial officer, and president - continental European lodging for Marriott International, Inc. (NYSE: MAR), will speak at the UBS Best of Americas Conference to be held on
WASHINGTON, May 24, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) today announced plans to withdraw its common stock from listing on the Pacific Exchange, Inc., now known as NYSE Arca, Inc., and the Philadelphia Stock Exchange, Inc.
WASHINGTON, April 28, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) today announced that its Board of Directors has declared a two-for-one split of all shares of its common stock, payable June 9, 2006 to shareholders of record as of May 18, 2006.
WASHINGTON, April 27, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) will provide a live audio web cast of its Annual Meeting of Shareholders, beginning at 10:30 a.m. Eastern Time on April 28. To access the web cast on April 28, go to
- Worldwide systemwide comparable revenue per available room (REVPAR) rose 10.3 percent (10.8 percent using constant dollars) for the first quarter ended March 24; Average daily rate increased 8 percent (8.4 percent using constant dollars); - North American comparable systemwide REVPAR increased 10.9 percent for the fiscal quarter ended March 24. For the calendar quarter ended March 31, North American comparable systemwide REVPAR increased 11.7 percent, reflecting strong year over year comparisons in the final week of March; - House profit margins for North American comparable company-operated properties advanced 210 basis points. North American property-level EBITDA margins for comparable company-operated properties, calculated as if wholly owned, expanded 230 basis points; - Base management, franchise and incentive fees increased 16 percent to $268 million in the first quarter as a result of strong REVPAR growth, house profit margin improvement and continued unit expansion. Incentive fees alone were $59 million; forty-nine percent of company-managed hotels reported incentive fees in the first quarter compared to 28 percent in the year ago quarter; - The company's worldwide pipeline of hotels under construction, awaiting conversion or approved for development increased to more than 75,000 rooms compared to 55,000 rooms in the year ago quarter and 70,000 rooms at year-end 2005. Approximately 6,800 rooms opened during the first quarter, including 3,300 rooms converted to Marriott Hotels & Resorts, Renaissance Hotels & Resorts or The Ritz-Carlton; - Marriott repurchased 3.6 million shares of its common stock for $247 million during the first quarter.
WASHINGTON, March 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) will conduct its 2006 first quarter earnings review for the investment community and news media on Thursday, April 20, 2006 at 10 a.m. Eastern Time (ET).
