WASHINGTON, Apr 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- Marriott International, Inc. (NYSE: MAR) will provide a live audio web cast of its Annual Meeting of Shareholders, which will take place on April 30, 2004, at 10:30 a.m. Eastern Time. To access the web cast on April 30, go to
- Worldwide, Systemwide Comparable Full-Service Revenue Per Available Room (REVPAR) Increased 7.8 Percent for the Calendar First Quarter (January 1 to March 31, 2004) Without the Benefit of Changes in Foreign Exchange Rates - Highlights from the quarter: Highlights from the quarter: * Excluding the earnings contribution from our synthetic fuel operations, first quarter diluted earnings per share (EPS) from continuing operations increased 54 percent to $0.43 compared to $0.28 a year ago. * North American comparable systemwide revenue per available room (REVPAR) for the first fiscal quarter of 2004 (January 3 to March 26), rose 5.4 percent from the prior year. * Marriott's timeshare business more than doubled its results in the first quarter as strong demand for our leading timeshare brands and higher margins improved results. * Marriott added 7,380 hotel rooms and timeshare units during the quarter, bringing the global system to 2,753 hotels and timeshare units (496,920 rooms); Marriott's systemwide rooms are up 5.4 percent from a year ago. * Marriott estimates 2004 full year diluted EPS from continuing operations, including the impact of synthetic fuel, to total $2.24 to $2.34 per share, which reflects growth of approximately 20 percent compared to 2003 results. * Marriott has repurchased 7.4 million shares of common stock year-to- date in 2004 for a total of $328 million, including 6.6 million shares in the first quarter.
WASHINGTON, Apr 2, 2004 /PRNewswire-FirstCall via COMTEX/ -- Marriott International, Inc. (NYSE: MAR) today announced that Cendant Corporation (NYSE: CD) has exercised its option to redeem Marriott's interest in the Two Flags joint venture, which owns the trademarks and licenses for the Ramada and
WASHINGTON, Mar 22, 2004 /PRNewswire-FirstCall via COMTEX/ -- Marriott International, Inc. (NYSE: MAR) will conduct its quarterly earnings review for the investment community and news media on Thursday, April 22 at 10 a.m. Eastern Time (ET). Marriott's 2004 first quarter covers the 12-week time
WASHINGTON, Feb 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- Arne M. Sorenson, executive vice president, chief financial officer, and president - continental European lodging for Marriott International, Inc. (NYSE: MAR), will speak at the Raymond James Institutional Investors Conference to be held
Highlights from the year: * Marriott added more than 31,000 hotel rooms and timeshare units in 2003, bringing the global system to 2,718 hotels and timeshare units (490,564 Rooms). * Conversion pace of non-Marriott hotels to Marriott brands continued to be strong in 2003 and into 2004, accounting for approximately one-third of total new hotel rooms added in 2003. * Marriott used cash generated by its business and asset sales to reduce total debt by $319 million and to repurchase 10.5 million shares of common stock in 2003. * Marriott led the industry in internet enabled hotels with approximately 1,400 at year end 2003 and expects well over 2,000 hotels to be internet enabled by year end 2004.