Snippets

Marriott Sees Strong Profit Growth Through 2008
Marriott International Inc, in a meeting held recently, tells security analysts and institutional investors that, assuming the Revenue per Available Room (RevPAR) growth of eight to 10 per cent for 2005 and four to eight per cent from 2006 through 2008, it expects earnings per share (EPS) to increase at a compound annual rate of 17 to 22 per cent through 2008, excluding earnings from its synthetic fuel investment.

Armani Hotels And Resorts Launched
Following the signing of a Letter of Intent in 2004, Giorgio Armani S p A and EMAAR Hotels & Resorts LLC have announce that their respective chairmen, Giorgio Armani and Mohamed Ali Alabbar, have executed the formal contractual agreement between the two companies for the development of a unique international collection of 'Armani Hotels and Resorts'.