Hospitality Industry News
Marriott profit higher than expected
Bethesda, Maryland – 9 May 2017 – Marriott International reported a higher-than-expected quarterly profit, driven by higher room rates and occupancy. 1The company, which owns the Ritz-Carlton and St. Regis luxury hotel brands among others, said it expects revPAR to rise 1-3 percent this year, up from its