Marriott Seeks Rate Increases, Sees Web Growth

Jay CampbellSeptember Sep 21, 2004

Marriott International is looking for 2005 rate increases from its corporate accounts of 3 to 5 percent, said president and COO William Shaw in a presentation late yesterday to the Bank of America Securities investment conference. Shaw also said the company's 'rapidly growing' Internet bookings could double to about 20 percent of total 'in a couple years.'

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