Live Marriott webcast today

[jericap Super Moderator Find all posts View Profile Close jericap]

I just ran across this, thought people might be interested:

Marriott International to Provide Live Webcast of Company's Timeshare Security Analyst Meeting February 26
Wednesday February 20, 3:09 pm ET


BETHESDA, Md., Feb. 20 /PRNewswire-FirstCall/ -- Marriott International, Inc. (NYSE: MAR - News) said it will provide a live webcast of a security analyst conference focused on its timeshare business that the company is holding on February 26, 2008. The meeting will be webcast in two parts: presentations by senior company executives from approximately 10:00 a.m. to 1:30 p.m. Eastern Time, followed by luncheon remarks by Marriott's Chief Financial Officer, Arne Sorenson, at approximately 2:00 p.m.ADVERTISEMENT


Marriott has been a leader in the timeshare industry and in recognizing the significant marketing and operating advantages derived from combining the hotel and timeshare businesses. Today, Marriott continues to expand its timeshare business with multiple brands and products, including Ritz-Carlton Club. Marriott offers a broad portfolio of exciting resort destinations and vacation alternatives. At year-end 2007, Marriott's timeshare business included over 370,000 owners and 61 resorts in 38 destinations.

At this, the company's first timeshare analyst conference, Marriott management will discuss its timeshare segment's growth opportunities, development pipeline, new product initiatives, competitive advantages and business prospects.

The webcast of the meeting will include slides and live audio via Marriott's investor relations web site.

Those wishing to access the website should log onto Hotel, resort and vacation information from Marriott.com, click the "Recent Investor News" tab and click on the "Timeshare Analyst Meeting" link. Presentation materials from the meeting and an audio replay will be available online after the meeting as well. Investor or analyst questions concerning the analyst conference should be addressed to Marriott Investor Relations at (301) 380-1379.

MARRIOTT INTERNATIONAL, Inc. (NYSE: MAR - News) is a leading lodging company with about 3,000 lodging properties in the United States and 67 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Bulgari brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club, Horizons by Marriott Vacation Club, The Ritz-Carlton Club and Grand Residences by Marriott brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Bethesda, Md., and had approximately 151,000 employees at 2007 year-end. It is ranked as the lodging industry's most admired company and one of the best companies to work for by FORTUNE®, and has been recognized by the U.S. Environmental Protection Agency (EPA) with the 2007 Sustained Excellence Award and Partner of the Year since 2004. In fiscal year 2007, Marriott International reported sales from continuing operations of $13 billion. For more
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[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Thanks!

Pat

[mshatty Super Moderator Find all posts View Profile Close mshatty]

Last year, Wyndham Worldwide had one of these webcasts. It was fascinating because they presented a 2 to 3 hour presentation to security analysts of how the timeshare business works. From prospects to building resorts.

[ArtsieAng Super Moderator Find all posts View Profile Close ArtsieAng]

Thanks, I might take a peak.

[hliw Moderator Find all posts View Profile Close hliw]

Marriott webcast

Did anyone listen in? Was there any interesting news regarding their TS development pipeline (new locations/resorts) for the future???

Thanks!
HLIW

[Art Member Find all posts View Profile Close Art]

From what I listened to, not much in the line of traditional MVCI resorts. There was mention of Bangkok and Kauai Lagoons.

The emphasis on new resort development seemed to be centered around Ritz-Carlton. From recent previews that I have attended, RC has their fingers in MVCI stuff such as Oceana Palms and Marco Island.

Probably the most interesting thing is that the target market is now viewed as family income of $125K plus per year. However, $75K riff raff are still accepted

There was a comment that there is current inventory of 29,000 weeks. Future resorts plus land "under control" is 400,000 weeks with a future sales value of $16B, IFRC.

Art

[hliw Moderator Find all posts View Profile Close hliw]

From what I listened to, not much in the line of traditional MVCI resorts. There was mention of Bangkok and Kauai Lagoons.

The emphasis on new resort development seemed to be centered around Ritz-Carlton. From recent previews that I have attended, RC has their fingers in MVCI stuff such as Oceana Palms and Marco Island.

Probably the most interesting thing is that the target market is now viewed as family income of $125K plus per year. However, $75K riff raff are still accepted

There was a comment that there is current inventory of 29,000 weeks. Future resorts plus land "under control" is 400,000 weeks with a future sales value of $16B, IFRC.

Art

Thank you, Art. I appreciate the update.

Best,
HLIW