Summary
COLLEGE PARK, Md. -- Hotel operator Marriott International Inc. posted a 25 percent rise in fourth quarter earnings Thursday on higher demand for rooms that bumped up rates and increased income from management fees.
Marriott, the world's largest hotel company by revenue, reported $237 million in net income, or $1.07 per share, up from $189 million, or 79 cents per share, a year ago. Revenue jumped 16 percent to $3.64 billion from $3.14 billion in the 2004 fourth quarter.See the full content of this document
Extract
Marriott's Profit Jumps 25%
Analysts surveyed by Thomson Financial were loo...
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