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February 19, 2013
Marriott International Reports On Fourth Quarter And Full Year 2012
BETHESDA, Md., Feb. 19, 2013 /PRNewswire/ -- Marriott International, Inc. (NYSE: MAR) today reported its fourth quarter and full year 2012 results,
including the following highlights:
Fourth quarter diluted EPS totaled $0.56, a 22 percent increase over prior year adjusted results. Full year 2012 diluted EPS increased
31 percent over 2011 adjusted results to $1.72;
North American comparable systemwide REVPAR rose 5.9 percent in the fourth quarter and 6.4 percent for full year 2012;
On a constant dollar basis, worldwide comparable systemwide REVPAR rose 5.2 percent in the fourth quarter and 6.1 percent for full
year 2012;
Worldwide comparable company-operated house profit margins increased 90 basis points in the fourth quarter and 120 basis points
for the full year;
At year-end, the companys worldwide pipeline of hotels under construction, awaiting conversion or approved for development
increased to nearly 130,000 rooms, including almost 59,000 rooms outside North America;
Over 27,000 rooms were added to the system in 2012. In the fourth quarter alone, nearly 14,000 rooms were added, including 8,100
Gaylord-branded rooms and 2,800 rooms in international markets. The company signed a record 57,000 rooms in 2012;
EBITDA for full year 2012 totaled $1,146 million, a 16 percent increase over 2011 adjusted EBITDA;
For full year 2012, Marriott repurchased 31.2 million shares of the companys common stock for $1.2 billion including 6.9 million
shares for $257 million in the fourth quarter;
For full year 2013, Marriott expects North American and worldwide systemwide constant dollar REVPAR to increase 4 to 7 percent.
(Logo: /prnhMARRIOTTINTLLOGO)
Fourth quarter 2012 net income totaled $181 million, a 14 percent increase compared to fourth quarter 2011 adju
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