(MENAFN) Marriott International Inc. announced that third-quarter profit grew to USD143 million, compared with a loss of USD179 million in last year's same period, reported AP.
The hotel company said that revenue during the period reached USD2.73 billion, posting a decline of 5 percent from a year ago.
On the other hand, revenue per available room, a key performance gauge for hotel firms, grew 7 percent.
Moreover, group revenue at Marriott Hotels and Resorts in North America went up 8 percent, with room rates rising 3 percent, whereas revenue per room for all other travelers grew 6 percent.
The Bethesda, Maryland-based company said that revenue per room during the fourth quarter is forecasted to grow between 5 to 7 percent in North America, and by 3 percent elsewhere.
It is worth noting that Marriott runs Ritz-Carlton hotels, Fairfield Inn & Suites, Courtyard and Renaissance, in addition to other brands.
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