Marriott reports Q2 income increase
Hotel operator Marriott International has posted net income of US$135m (£83.7m) for the second quarter of 2011 - an increase of 13 per cent on the same period last year.
During the period, worldwide comparable systemwide RevPAR grew by 7.7 per cent using actual dollars, with North America RevPAR up 6.6 per cent. More than 30 properties were also added to the Marriott International portfolio during Q2, including the Ritz-Carlton Hong Kong and two Autograph hotels in the US.
Marriott International chair and CEO J.W. Marriott Jr said: "Around the world, we've never been more excited about our opportunities. Now in 71 countries, the Marriott International brand portfolio is growing rapidly. "As the world's economy continues to recover, results at prime destination hotels from Europe to Asia show our appeal with customers."
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