NewsUSA

Network

Hotel chain Marriott International Inc. unveiled a three-year plan to open more than 1,700 thousand hotels around the world, returned to $11 billion to shareholders, and receive an annual income of up to $8,50 a share by 2021.

Marriott, which owns such brands as Ritz-Carlton and St.Regis plans to add 275-295 thousand rooms to its hotel chain, which could fetch $400 million in dues in 2021 and $700 million annually, after stabilization.

The company forecast earnings of $7.65 to $8,50 a share by 2021, the Average rate in the range above analysts forecast of $of 7.72.

During the 3-year period, Marriott plans to pay dividends in the amount of $1.9 billion to $2 billion and to buy back shares in the amount of $7.6 billion to $9 billion.

Source:news.rusrek.com
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button