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Marriott Shows the Growth of Profit in Q1 2012

News Seems, 2012 is going to be a good year for hotels and hoteliers. Recently Accor has published its improved results for the first quarter of 2012, and now Marriott reports of its growth of RevPAR and ADR. The year-to-year results for the first quarter of 2012 show the growth of RevPAR 6.8% and the growth of ADR of 3.5%.

The famous hotel company hopes to continue improving its positions and the prospects are rather optimistic – the bookings for this year are already 11% higher than a year ago. This year the pipeline of the hotelier is expected to add from 25,000 to 30,000 of guestrooms around the world. The digit includes either hotels that are under construction, or properties converted from other brands. The company’s plans concerning the growth of RevPAR in 2012 are 6-8%.

Marriott’s net income for the O1 2012 totaled US$104 million. This is US$3 million more than in 2011. Earnings per share have also added US$0.04 per share and are equal to US$0.30. According to the company, the growth of global travel is truly tremendous these days, and even the growing international hotel supply cannot prevent the industry from higher revenues.


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