Marriott’s 4Q boosted by higher rates, occupancy

Published February 19, 2013 10:55pm ET



NEW YORK (AP) — Marriott International Inc. turned a better-than-expected profit in its fourth quarter driven by an increased number of rooms in the hotel company’s portfolio and higher occupancy and room rates.

The company, based in Bethesda, Md., said Tuesday that it earned $181 million, or 56 cents per share, in the three-month period that ended Dec. 28. That’s up from $141 million, or 41 cents per share, a year ago.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.