BETHESDA, Md., Oct 31, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) will make a presentation during the J.P. Morgan Securities sponsored analyst luncheon on Thursday, November 1, 2008 at 1:00 p.m. ET.
BETHESDA, Md., Oct 30, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) today announced the completion of a private placement of $250 million in Timeshare Loan Backed Notes by Marriott Vacation Club Owner Trust 2007-2.
- Worldwide systemwide comparable revenue per available room (REVPAR) rose 7.7 percent (6.6 percent using constant dollars) for the third quarter ended September 7, 2007. - Worldwide company-operated comparable REVPAR increased 9.0 percent (7.3 percent using constant dollars). Worldwide company-operated house profit margins rose 180 basis points. House profit per available room climbed 12.2 percent. - Combined base, franchise and incentive fees increased 15 percent to $302 million as a result of continued REVPAR growth, property-level margin improvement and unit expansion. - Approximately 7,200 rooms opened during the quarter, including nearly 2,200 rooms outside of the United States. - The company's worldwide pipeline of hotels under construction, awaiting conversion or approved for development totaled approximately 115,000 rooms. Over 50 percent of the full-service pipeline is outside of the United States. - Marriott repurchased 10.7 million shares of the company's common stock for $462 million during the third quarter; year-to-date, through October 2, 2007, the company repurchased 30.8 million shares for $1.4 billion. - Assuming worldwide systemwide REVPAR growth of 5 to 7 percent in 2008, the company expects earnings per share of $2.10 to $2.25. Excluding earnings from synthetic fuel operations, as well as the 2007 ESOP tax settlement, and gains and other income in both years, 2008 earnings per share should grow 18 percent to 26 percent over 2007. - To assist investors evaluating Marriott's business model, the company updated its long-term growth outlook through 2010. Assuming systemwide REVPAR growth of 3, 5, or 7 percent compounded through 2010 and the addition of 85,000 to 100,000 rooms, the company estimates earnings per share growth of 16 percent, 21 percent or 26 percent, respectively, compounded from 2007 to 2010.
WASHINGTON, Aug 27, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) will conduct its 2007 third quarter earnings review conference call for the investment community and news media on Thursday, October 4, 2007 at 10 a.m. Eastern Time (ET).
Marriott Declares Cash Dividend; Board Approves Increase in Stock Repurchase Authorization by 40 Million Shares BETHESDA, Md., Aug 02, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) today announced that its board of directors declared a quarterly
-- Worldwide systemwide comparable revenue per available room (REVPAR) rose 7.5 percent (6.4 percent using constant dollars) for the second quarter ended June 15; -- Worldwide company-operated house profit margins rose 160 basis points. House profit per available room increased 10.4 percent; -- Combined base management and franchise fees increased 10 percent to $249 million in the second quarter as a result of strong REVPAR growth and unit expansion. Incentive fees jumped 51 percent to $116 million; -- Approximately 7,000 rooms opened during the quarter, including over 1,700 rooms outside of the United States; -- The company's worldwide pipeline of hotels under construction, awaiting conversion or approved for development totaled over 110,000 rooms; -- Marriott repurchased 8.7 million shares of the company's common stock for $402 million during the second quarter; year-to-date, through July 10, 2007, the company repurchased 21.0 million shares for $980 million;
WASHINGTON, June 8, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) late yesterday reached a settlement of previously disclosed issues raised during the Internal Revenue Service's and Department of Labor's examination of the leveraged employee stock
WASHINGTON, June 7, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) will conduct its 2007 second quarter earnings review conference call for the investment community and news media on Thursday, July 12, 2007 at 10 a.m. Eastern Time (ET).
WASHINGTON, June 4, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Arne M. Sorenson, executive vice president, chief financial officer and president, continental European lodging of Marriott International, Inc. (NYSE: MAR), will speak at the Goldman Sachs 2007 Lodging, Gaming, Restaurant
