Marriott: beats consensus in 1st quarter
(CercleFinance.com) - On Tuesday evening, Marriott International unveiled a growth in adjusted net profits of 30% to 487 million dollars for the first quarter of 2018.
This represents 1.34 dollars per share, an EPS 11 cents over and above analysts' average estimates.
“Worldwide constant dollar RevPAR increased 3.6 per cent, exceeding the high end of our expectations for the first quarter and reflecting solid economic growth around the world”, highlights CEO Arne M. Sorenson.
The American hotel chain also increased its expectations for full-year 2018 worldwide constant dollar RevPar growth to between 3 and 4%, totalling a 1.5 percentage point increase over the mid-point of the previous target range.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This represents 1.34 dollars per share, an EPS 11 cents over and above analysts' average estimates.
“Worldwide constant dollar RevPAR increased 3.6 per cent, exceeding the high end of our expectations for the first quarter and reflecting solid economic growth around the world”, highlights CEO Arne M. Sorenson.
The American hotel chain also increased its expectations for full-year 2018 worldwide constant dollar RevPar growth to between 3 and 4%, totalling a 1.5 percentage point increase over the mid-point of the previous target range.
Copyright (c) 2018 CercleFinance.com. All rights reserved.