Sunday, February 12, 2012
Subscribe free of charge to receive a daily e-mail with the headline news from TravelDailyNews International. Just click the check-marked button.
Member of :
Net income plummeted to $37m.
Marriott 2Q profit declines 76 percent
Monday, July 20, 2009
Marriott International says lower revenue and hefty restructuring charges pushed down its net income 76 percent in the second quarter. Marriott and other hotel operators have suffered in the recession as both business and leisure travel wane.
Net income plummeted to $37 million, or 10 cents per share, from $157 million, or 42 cents per share. Excluding restructuring and other charges, profit was 23 cents per share, 2 cents better than the average analyst forecast.
Revenue slid 20 percent to $2.56 billion, while revenue per available room, a key metric for lodging companies, declined 26.1 percent.
The Bethesda, Md., company says its third-quarter income could be as low as 9 cents per share, or less than half the current analyst estimate.
Net income plummeted to $37 million, or 10 cents per share, from $157 million, or 42 cents per share. Excluding restructuring and other charges, profit was 23 cents per share, 2 cents better than the average analyst forecast.
Revenue slid 20 percent to $2.56 billion, while revenue per available room, a key metric for lodging companies, declined 26.1 percent.
The Bethesda, Md., company says its third-quarter income could be as low as 9 cents per share, or less than half the current analyst estimate.
Bookmark this page:
Marriott International on the move nearing 85th anniversary
Tatiana Rokou
-
Tuesday, December 20, 2011
Marriott International best group employer in the UAE
Vicky Karantzavelou
-
Monday, December 19, 2011
Marriott International’s largest extended stay brand comes to the region
Tatiana Rokou
-
Wednesday, December 14, 2011
Marriott International debuts three new brands in Qatar
Vicky Karantzavelou
-
Monday, November 21, 2011
Marriott International announces new luxury JW Marriott Hotel in Bahrain
Vicky Karantzavelou
-
Monday, November 14, 2011
Marriott sees growth opportunities in Middle East for extended stay hotels
Vicky Karantzavelou
-
Wednesday, October 19, 2011
Marriott International debuts three City Center hotels and three brands in Doha, Qatar
Tatiana Rokou
-
Friday, October 07, 2011
Marriott integrates internal inventory system exclusively with the Cvent Supplier Network
Vicky Karantzavelou
-
Monday, September 19, 2011
Marriott International and Granite Broadway Development to develop NY City's tallest hotel
Theodore Koumelis
-
Wednesday, August 17, 2011
Kintetsu Hotel Systems partners with Marriott International
Vicky Karantzavelou
-
Wednesday, August 03, 2011
