Marriott International's Worldwide REVPAR rose 5.6%, but profit decreased

By: trademagazin Date: 2008. 07. 11. 00:00

Outside North America, company-operated comparable REVPAR increased 15.5 percent with double-digit growth in South and Central America, the Middle East and several markets in Asia.

Marriott International, Inc. reported
income from continuing operations was $153 million in the second
quarter of 2008 compared to $175 million in the year-ago quarter.
Reported diluted EPS from continuing operations was $0.41 in the
second quarter of 2008 compared to $0.43 in the second quarter of
2007.

During the second quarter, Mariott
International achieved flat house profit margins worldwide, a notable
accomplishment given cost increases in many sectors of the economy.
Hotels remain focused on controlling costs and improving efficiency
while delivering outstanding service to their guests.

In the third quarter, the company
expects timeshare sales and services revenue, net of direct expenses,
to total $60 million to $70 million. The company expects Timeshare
Segment results of $50 million to $60 million in the quarter. Third
quarter contract sales are expected to decline 5 percent to 10
percent compared to the year-ago quarter.