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.

By Mike Shepard  |  July 12, 2007; 10:24 AM ET  | Category:  Hospitality , Marriott International Corp.
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