Marriott's Second-Quarter Earnings Up 11 Percent
Marriott International is reporting today an 11 percent increase in second-quarter profit driven by strong demand for rooms and rising revene from fees charged to franchisee hotels. The Bethesda hospitality company, which operates nearly 2,900 hotels worldwide, said in a statement that it earned $207 million for the period ended June 15, up from $186 million a year ago. Revenue rose 11 percent to $3.21 billion from $2.89 billion.
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