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Marriott falls short despite revenue boost
HOTEL chain Marriott International reported a bigger quarterly profit as a more robust global economy boosted demand for lodging yesterday.
The company, which operates the Marriott, Courtyard and Residence Inn brands, reported earnings of $101m (£61.6m), compared with profits of $83m last year.
Revenue per average room rose 6.5 per cent during the quarter, the company said.
But its shares fell as analysts were expecting bigger profits.