Marriott posts quarterly profit on travel recovery

Tue Aug 03 2021
Mark Cooper (3150 articles)
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.

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Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.