Marriott (MAR) Ratings Affirmed by Moody's Amid Revised Starwood Offer

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Go back to Marriott (MAR) Ratings Affirmed by Moody's Amid Revised Starwood Offer

Marriott International Reiterates RevPAR and Rooms Growth Expectations

March 21, 2016 7:15 AM EDT

BETHESDA, Md., March 21, 2016 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR) announced today that it continues to expect strong RevPAR and unit growth in 2016.  The company expects comparable systemwide RevPAR on a constant dollar basis in North America, outside North America and worldwide will increase 2 to 4 percent in the first quarter of 2016 and 3 to 5 percent for full year 2016, likely toward the upper end of the full year range.  Marriott also anticipates its gross worldwide rooms will increase 8 percent gross, or 7 percent net, for full year 2016.  These expectations do not include the impact of the planned... More