Nickelodeon and Marriott International Enter into Global Partnership to Create New Branded Hotel Experience 20 New Resorts Around the World Expected by 2020; First Hotel Expected to Open in San Diego in 2010
WASHINGTON, May 8, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Carl Berquist, executive vice president financial information and enterprise risk management of Marriott International, Inc. (NYSE: MAR), will speak at the Deutsche Bank 2007 Hospitality & Gaming Conference to be held on May
WASHINGTON, April 27, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) announced today that its board of directors has declared a one and one-quarter cent ($0.0125) increase in the company's quarterly dividend from 6.25 cents ($0.0625) to 7.50 cents
Worldwide systemwide comparable revenue per available room (REVPAR) rose 6.6 percent for the fiscal quarter ended March 23; For the calendar quarter ended March 31, worldwide systemwide comparable REVPAR increased 7.6 percent; House profit margins for worldwide company-operated comparable
WASHINGTON, March 14, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Marriott International, Inc. (NYSE: MAR) will conduct its 2007 first quarter earnings review for the investment community and news media on Thursday, April 19, 2007 at 10 a.m. Eastern Time (ET).
WASHINGTON, March 13, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The board of directors of Marriott International, Inc. (NYSE: MAR) has nominated Steven S Reinemund to the Marriott board, effective April 27, 2007, pending approval by the company's shareholders at Marriott
WASHINGTON, March 6, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Carolyn B. Handlon, executive vice president finance and global treasurer of Marriott International, Inc. (NYSE: MAR), will speak at the 28th Annual Raymond James Institutional Investors Conference to be held on March 7 at
WASHINGTON, Feb 27, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- J.W. Marriott, Jr., chairman of the board and chief executive officer of Marriott International, Inc. (NYSE: MAR), will give a keynote address at the 13th Annual Bear Stearns Retail, Restaurant and Consumer Conference to be
Full Year Highlights: * Worldwide systemwide comparable revenue per available room (REVPAR) rose 9.5 percent (9.4 percent using constant dollars); Average daily rates increased 8.9 percent (8.8 percent using constant dollars); Occupancy remains strong at over 73 percent; * Management and franchise fee revenue totaled $1.2 billion in 2006 up 19 percent over the prior year's record breaking total; * Incentive fees totaled $281 million during the year, 40 percent higher than 2005 levels. Over 60 percent of managed hotels generated incentive fees during 2006 compared to 50 percent in 2005; * In North America, company-operated comparable REVPAR rose 8.9 percent during 2006 and house profit margins rose approximately 240 basis points; * Property-level internet sales totaled $4.3 billion in 2006, 35 percent over 2005 levels. Eighty-seven percent of internet sales were booked on Marriott.com; * Over 23,000 rooms opened in 2006, including 6,600 rooms outside the United States. Twenty-nine percent of total room openings were conversions from competitor brands; * Global interest in the company's brands continues to rise. The company's worldwide pipeline of hotels under construction, awaiting conversion or approved for development increased to a record 100,000 rooms compared to 70,000 rooms a year ago and over 85,000 rooms at the end of the third quarter; * Marriott repurchased 42 million shares of the company's common stock in 2006 for $1.58 billion; The company repurchased nearly $4 billion of the company's common stock over the past three years; Fourth Quarter Highlights: * Fourth quarter 2006 adjusted earnings per share (excluding synthetic fuel) totaled $0.52, up 13 percent from the fourth quarter of 2005; * Fourth quarter management and franchise fee revenue rose 19 percent over the prior year; incentive management fees soared 39 percent; * Worldwide systemwide comparable REVPAR rose 8.4 percent (7.8 percent using constant dollars) and worldwide company-operated house profit margins increased 230 basis points during the quarter; * In North America company-operated comparable REVPAR increased 7.2 percent and house profit margins rose 210 basis points; * Approximately 5,500 rooms opened during the fourth quarter, including nearly 1,900 rooms converted from competitor properties; * Marriott repurchased 11 million shares of the company's common stock for $506 million during the fourth quarter.
Feb 08, 2007 /PRNewswire via COMTEX News Network/ -- MARRIOTT INTERNATIONAL, INC. CONSOLIDATED STATEMENT OF INCOME (in millions, except per share amounts) Sixteen Weeks Ended -------------------------- Percent December 29, December 30, Better/ 2006 2005 (Worse) ------------ ------------ --------
