Marriott International Reports Fourth Quarter and Full Year 2013 Results (United States)
Full year diluted EPS totaled $2.00, a 16 percent increase over prior year results. Excluding the $0.08 per share Courtyard joint venture gain in 2012, diluted EPS grew 22 percent year-over-year. |
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Marriott International Reports Fourth Quarter and Full Year 2013 Results (United States)
Full year diluted EPS totaled $2.00, a 16 percent increase over prior year results. Excluding the $0.08 per share Courtyard joint venture gain in 2012, diluted EPS grew 22 percent year-over-year. |
Category: - United States - Industry economy -
Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2014-02-21
HIGHLIGHTS
- North American comparable company-operated REVPAR rose 5.1 percent in the fourth quarter and 5.4 percent for full year 2013;
- On a constant dollar basis, worldwide comparable systemwide REVPAR rose 4.3 percent in the fourth quarter and 4.6 percent for full year 2013;
- Comparable company-operated house profit margins increased 130 basis points in North America and 90 basis points worldwide for the full year;
- At year-end, the company’s worldwide development pipeline increased to over 195,000 rooms, including nearly 30,000 rooms approved, but not yet subject to signed contracts;
- Nearly 26,000 rooms were added in 2013. In the fourth quarter alone, nearly 7,700 rooms were added, including over 3,900 rooms in international markets;
- The company signed a record 67,000 rooms in 2013;
- For full year 2013, Marriott repurchased 20.0 million shares for $829 million including 4.4 million shares for $200 million in the fourth quarter;
- For full year 2014, Marriott expects North American and worldwide Systemwide constant dollar REVPAR to increase 4 to 6 percent;
- Return on invested capital totaled 32 percent in 2013.
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