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Marriott International has posted its 2016 fourth quarter (Q4) results, which has shown net income to have totalled USD244 million, a year-on-year increase of 21 percent, with Q4 adjusted net income reaching USD344 million, a 15 percent rise over Q4 2015 combined results.

Adjusted earnings before interest, taxes, depreciation and amortisation grew to USD756 million in Q4, an 11 percent jump over the same period in 2015.

During 2016, the group added more than 68,000 keys to its portfolio, with a worldwide development pipeline increased to 420,000 rooms, 34,000 of which are approved but not yet subject to signed contracts.

Furthermore, in the respective year, the company repurchased eight million shares of its common stock for USD573million, including 4.3 million shares for USD348 million in Q4.