Marriott International, Inc. Comments On Q2 2012 RevPar Guidance; Raises FY 2012 Guidance; Raises FY 2012 RevPar Guidance

Marriott International, Inc. announced that for the second quarter of 2012, it expects comparable systemwide REVPAR on a constant dollar basis to increase 6% to 8%. For fiscal 2012, it expects operating income in the range of $895 million to $950 million, EBITDA is expected to total $1.105 billion to $1.160 billion, earnings per share (EPS) in the range of $1.58 to $1.69 and expects comparable systemwide REVPAR on a constant dollar basis to increase 6% to 8%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report operating profit of $911 million; EBITDA of $1.108 billion and EPS of $1.60 for fiscal 2012.