Marriott posts 18% revenue increase in Q2

08/1/2013 | Star Tribune (Minneapolis-St. Paul, Minn.)

Marriott International said net income during the second quarter reached $179 million, compared with $143 million during the same period last year. Total revenue was up 18%, to $3.26 billion. Revenue per available room increased 4.4% from last year as room rates and occupancy also rose. "As occupancy rates reach 2007 peak levels for many brands, room rates are moving higher, improving hotel profitability and incentive fees," said Arne Sorenson, president and CEO of Marriott.

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Star Tribune (Minneapolis-St. Paul, Minn.)

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