Friday, April 20, 2007

Marriott profit rises, but outlook lowered

Marriott profit rises, but outlook disappoints (Reuters)

A room at Marriott International's Renaissance New York Hotel Times Square in an image courtesy of Marriott International. The top U.S. hotel operator on Thursday reported a rise in first-quarter earnings, helped by higher room rates. (PRNewsFoto/Reuters)Reuters - Marriott International Inc. , the top U.S. hotel operator, said on Thursday quarterly profit nearly tripled, helped by higher room rates, but the company lowered its outlook for full-year room revenue and shares fell 5.7 percent.


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