Friday, October 7, 2011

Marriott International Reports Third Quarter 2011 Results


 BETHESDA, Md., Oct. 5, 2011 /PRNewswire/ --Third-quarter Highlights:

    --  Adjusted diluted earnings per share (EPS) totaled $0.29, a 32 percent
        increase over prior year results;

  --  Worldwide comparable systemwide revenue per available room (REVPAR) rose  8.7 percent using actual dollars.  Average daily rate rose 5.3 percent
        using actual dollars;
   
    --  At the end of the third quarter, the company's worldwide pipeline of
        hotels under construction, awaiting conversion or approved for
        development increased to more than 105,000 rooms, including over 47,000
        rooms outside North America and more than 26,000 rooms in Asia;

    --  Nearly 6,000 rooms were added to the worldwide lodging portfolio during
        the third quarter, including approximately 3,000 rooms in international
        markets and nearly 1,100 rooms converting from competitor brands;

    --  Marriott repurchased 18.0 million shares of the company's common stock
        for $550 million during the quarter.  Year-to-date through September 9,
        2011, the company repurchased 36.5 million shares for $1.2 billion.

For a complete copy of the company’s news release, please contact:
Tom Marder, +1-301-380-2553, thomas.marder@marriott.com

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