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>> HOTEL Latest News

FEB 19, 2013 - MarketWatch

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Marriott posts 28% higher profit

SAN FRANCISCO (MarketWatch) -- Marriott International Inc. , a bellwether in the global hotel industry, reported late Tuesday fourth-quarter profit rose 28% to $181 million, or 56 cents a share, from $141 million, or 41 cents a share, a year ago. The year-ago quarter included $18 million in one-time items. Revenue for the chain, which also operates the Courtyard, Renaissance and Ritz-Carlton brands, rose to $3.76 billion from $3.69 billion. Analysts surveyed by FactSet had expected the company to post earnings of 55 cents a share on $3.67 billion in revenue. Marriott shares slipped 0.2% to ... Read More

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