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.
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