BETHESDA, MD., July 13, 2011 /PRNewswire/ --
Second-quarter highlights:
-- Diluted earnings per share (EPS) totaled $0.37, a 19 percent increase
over prior year results;
-- Worldwide comparable systemwide REVPAR rose 7.7 percent using actual
dollars. Average daily rate rose 4.5 percent using actual dollars;
-- At the end of the second quarter, the company's worldwide pipeline of
hotels under construction, awaiting conversion or approved for
development grew to more than 100,000 rooms, including nearly 44,000
rooms outside North America;
-- Marriott repurchased 10.6 million shares of the company's common stock
for $375 million during the quarter. Year-to-date through June 17,
2011, the company repurchased 18.5 million shares for $675 million.
For a complete copy of the company’s news release and statistics, please contact Tom Marder, +1-301-380-2553, or thomas.marder@marriott.com
Web Site: http://www.marriott.com
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