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News Breaks | | | | February 20, 2013 | | 10:32 EDT |  | MAR | Marriott says broadened 2013 RevPAR outlook on likelihood of sequestration
Says watching U.S. political developments "carefully" as the likelihood of federal budget sequestration increases to a near certainty. Says pursuing development in Colombia, Peru and Chile. Says sees "flattish" RevPAR growth in Europe for Q1 and FY13. Says expects to open 30,000-35,000 rooms worldwide in 2013. Sees FY13 worldwide fee revenue 7%-11%, incentive fees 10%-18%. Sees FY13 EBITDA roughly $1.2B, investment spending $600M-$800M. Says expects to return $800M-$1B to shareholders through repurchases, dividends in 2013. Comments made on the Q4 earnings conference call. | |
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News For MAR From The Last 14 Days Check below for free stories on MAR the last two weeks. |
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| May 16, 2013 | | 14:52 EDT |  | MAR | Marriott management to meet with JPMorgan
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