Marriott posts quarterly profit on travel recovery
Hotel operator Marriott International Inc on Tuesday reported a quarterly profit, compared to a year-ago loss, as a recovery in travel began to aid a battered global tourist industry.
Marriott’s net profit was $422 million, or $1.28 per share, in the second quarter ended June 30, compared with a loss of $234 million, or 72 cents per share, a year earlier.
