Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Marriott International Inc    

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Marriott Transferring Business Services to Accenture

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/19/2013 | 05:46pm CET
   By Melodie Warner 
 

Marriott International Inc. (>> Marriott International Inc) agreed to transfer its Marriott Business Services unit to Accenture PLC (>> Accenture Plc), which in turn will provide finance and accounting services to Marriott and its franchisees.

The companies expect to start the transition in August with the full move being largely complete by early September. Further terms weren't disclosed.

Marriott said the consulting company Accenture will create a new business service--called Accenture Hospitality Services--built in part around the operations and capabilities coming from Marriott's Louisville, Tenn., operation.

Marriott, which operates the Courtyard, Renaissance, Ritz-Carlton and Fairfield brands as well as its namesake hotels, said the arrangement will provide savings and benefits to its hotel owners over a 10-year period by lowering costs for a range of business services that will now be delivered by Accenture.

Marriott's earnings have benefited from growing demand from corporate travelers in the U.S. and low hotel supply growth. The company has become increasingly dependent on international markets because of stalled construction of new hotels in the U.S.

Meanwhile, Accenture, which competes for global enterprise consulting contracts with tech giants like International Business Machines Corp. (>> International Business Machines Corp.) and Hewlett-Packard Co.(>> Hewlett-Packard Company), has mostly posted earnings growth for over two years thanks in part to strong revenue growth in its outsourcing business.

Write to Melodie Warner at melodie.warner@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MARRIOTT INTERNATIONAL INC
09:10a MARRIOTT INTERNATIONAL : opens new property in Abu Dhabi
02/18 MARRIOTT INTERNATIONAL : The Ritz-Carlton, South Beach Celebrates the Food Netwo..
02/17 MARRIOTT INTERNATIONAL : Lodging Stocks on Investors' Radar -- Hilton Worldwide,..
02/16 MARRIOTT INTERNATIONAL : Trademark Application for "DESERT SPRINGS" Filed by Mar..
02/16 ST. REGIS HOTELS & RESORTS : Debuts In Changsha, Hunan's Thriving Capital In Sou..
02/16 MARRIOTT INTERNATIONAL : Why hotels need to be cultural sensitive
02/16DJMARRIOTT INTERNATIONAL : Revenue Rises on Starwood Acquisition
02/15 HILTON WORLDWIDE : reaffirms 2017 forecast for key revenue metric
02/15 MARRIOTT INTERNATIONAL INC /MD/ : Regulation FD Disclosure, Financial Statements..
02/15 MARRIOTT INTERNATIONAL INC /MD/ : Results of Operations and Financial Condition,..
More news
Sector news : Hotels, Motels & Cruise Lines - NEC
02/15 HILTON WORLDWIDE : reaffirms 2017 forecast for key revenue metric
02/14 TUI Group to target Brazil and China in global expansion
02/03 InterContinental confirms payment card breach at 12 U.S. hotels
01/20 ACCOR : Edenred shares fall as major investor Colony exits via stake sale
01/05DJDIGITAL DUNKIN' : Non-Tech Firms Crash CES, Looking to Connect
More sector news : Hotels, Motels & Cruise Lines - NEC
Advertisement
Financials ($)
Sales 2017 20 723 M
EBIT 2017 2 479 M
Net income 2017 1 555 M
Debt 2017 7 755 M
Yield 2017 1,36%
P/E ratio 2017 21,92
P/E ratio 2018 18,86
EV / Sales 2017 2,06x
EV / Sales 2018 1,95x
Capitalization 34 893 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 91,0 $
Spread / Average Target 1,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Arne M. Sorenson President, CEO, COO & Director
John Willard Marriott Executive Chairman
Tim Sheldon Global Chief Operations Officer
Kathleen Kelly Oberg Chief Financial Officer & Executive Vice President
Bruce Hoffmeister Global Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MARRIOTT INTERNATIONAL..34 893
MARRIOTT INTERNATIONAL..8.08%34 893
HILTON WORLDWIDE HOLDI..-28.31%19 301
ACCOR8.75%11 635
INTERCONTINENTAL HOTEL..6.90%9 534
WYNDHAM WORLDWIDE CORP..11.10%9 145
More Results