Marriott International Reports Third Quarter 2012 Results

Bill Marriott, Chairman

BETHESDA, Md., Oct. 3, 2012 /PRNewswire/ -- Marriott International, Inc. (NYSE: MAR) today reported third quarter 2012 results. 

Highlights:

  

• Diluted earnings per share (EPS) totaled $0.44, a 52 percent increase
• over prior year adjusted results;
• During the third quarter, the company completed the sale of its equity
• interest in the Courtyard joint venture resulting in cash proceeds of
• $96 million and a $41 million pre-tax gain;
• North America comparable company-operated REVPAR rose 7.0 percent in
• third quarter.  On a constant dollar basis, worldwide comparable
• systemwide REVPAR rose 6.0 percent and average daily rate rose 4.7
• percent using constant dollars;
• At the end of the third quarter, the company's worldwide pipeline of
• hotels under construction, awaiting conversion or approved for
• development totaled over 120,000 rooms, not including the 8,100 rooms
• from the acquisition of the Gaylord brand and hotel management business;
• Nearly 5,000 rooms opened during the quarter, including over 1,400 rooms
• converted from competitor brands and over 1,600 rooms in international
• markets.  The company signed nearly 13,000 rooms in the third quarter;
• Marriott repurchased 9.6 million shares of the company's common stock
• for $353 million during the quarter.  Year-to-date through the third
• quarter, the company repurchased 24.3 million shares for $903 million;
• For comparable Marriott Hotels & Resorts properties in North America,
• group room revenue increased 8 percent in the third quarter compared to
• the year ago quarter.

For a complete copy of the company’s news release, please contact:

 Tom Marder,

+1-301-380-2553,

thomas.marder@marriott.com

Web Site: http://www.marriott.com