Marriott’s profit rises on strong travel demand

A guest arrives at the Marriott Marquis hotel in Times Square in New York City, U.S., November 8, 2017. REUTERS/Brendan McDermid/File Photo Purchase the license rights

November 2 (Reuters) – Marriott International (TUESDAY) reported a rise in quarterly profit on Thursday as the US hotel operator benefited from resilient travel demand.

The company’s net income was $752 million, or $2.51 per share, in the quarter through September, compared with $630 million, or $1.94 per share, a year earlier.

Reporting by Priyamvada C in Bengaluru; Editing by Shilpi Majumdar

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