Summary
Marriott International, Inc. reported a solid financial performance for the fiscal year ending December 28, 2007. The company experienced a significant increase in revenues, driven by strong global lodging demand and increased room rates across its various segments, particularly in full-service and luxury properties. Operating income also saw a healthy increase, reflecting improved property-level margins and unit growth. The company's strategic focus on driving room rate improvements and operational productivity contributed to this growth. While the company faces various risks inherent to the lodging industry, including competition, economic conditions, and geopolitical events, its diverse brand portfolio, strong loyalty program, and continued investment in new properties and services position it favorably for future performance. Investors can note the company's active share repurchase program and consistent dividend payouts as positive indicators of its financial health and commitment to shareholder returns.
Financial Highlights
27 data points| Revenue | $12.99B |
| Operating Expenses | $11.81B |
| Operating Income | $1.18B |
| Interest Expense | $184.00M |
| Net Income | $696.00M |
| EPS (Basic) | $1.83 |
| EPS (Diluted) | $1.73 |
Key Highlights
- 1Revenues increased by 8% to $12.99 billion in 2007, driven by strong global lodging demand and increased room rates.
- 2Operating income grew by 9% to $1.19 billion, reflecting improved property-level margins and unit growth.
- 3The company added 203 new properties (29,200 rooms) to its system in 2007, demonstrating continued expansion.
- 4RevPAR (Revenue Per Available Room) for comparable company-operated properties increased by 7.0% worldwide.
- 5Marriott International actively repurchased shares, with 41.0 million shares bought back in 2007, indicating a commitment to shareholder value.
- 6The company announced plans for new brands, 'Nickelodeon Resorts by Marriott' and 'Edition,' signaling continued innovation and growth strategies.