Littlefield Announces Record Hospitality Revenue
MARCH 30, 2007. Littlefield Corporation (OTCBB: LTFD) announces that its hospitality brands, Word of Mouth custom catering and Premiere Tents & Events (collectively and legally Littlefield Hospitality, Inc.), are projected to achieve the highest first quarter revenue in their history with Littlefield Hospitality.
Word of Mouth is projected to achieve a revenue level of approximately $725,000, an increase of over 75% when compared to Q1-2006.
Premiere Tents & Events is projected to achieve a revenue level of approximately $520,000, an increase of over 35% when compared to Q1-2006. This is the first time Q1 revenue has ever exceeded $500,000.
Littlefield Hospitality (the combination of Word of Mouth and Premiere Tents & Events with intracompany revenue eliminated) is projected to achieve a revenue level of approximately $1,100,000, an increase of over 55% when compared to Q1-2006.
The revenue level in excess of $1,000,000 for the first quarter is also an important symbolic achievement as it crosses a threshold never achieved before by Littlefield Hospitality during the first quarter.
The increases were driven by some important events including the Neiman Marcus grand opening and the South by Southwest Musical Festival. In addition, the level of business from loyal customers was particularly high during the first quarter perhaps signaling an increase in hospitality spending.
This impressive first quarter comes on the heels of record revenue achieved in each of the last three quarters with particular note being given to surpassing the $2,000,000 level in Q4-2006. This makes four consecutive quarters in which the Littlefield Hospitality revenue was the highest each quarter for its respective quarter. When taken together this signals a trailing annual revenue of approximately $5,800,000. As a comparative benchmark, FY 2003 (the post 9-11 low water mark) revenue was approximately $3,410,000.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
