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Marriott's revenue jumps 43.7 percent
November 7, 2017 / 9:38 PM / 17 days ago

Marriott's revenue jumps 43.7 percent

Nov 7 (Reuters) - Marriott International Inc, the world’s largest hotel chain, reported a 43.7 percent rise in third-quarter revenue as more people booked its rooms.

Net income rose to from $392 million, or $1.04 per share, in the quarter, from $70 million, or 26 cents per share, a year earlier, which included $179 million in costs related to Marriott’s acquisition of Starwood Hotels.

Revenue rose to $5.66 billion in the three months ended Sept. 30, from $3.94 billion last year. (Reporting by Arunima Banerjee in Bengaluru; Editing by Savio D‘Souza)

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