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  • Marriott International surprised Wall Street Friday by swinging to a profit from a loss in the previous quarter.

  • The owner of the J.

  • W.

  • Marriott and Ritz Carlton brands earned $100 million in the last three months.

  • The world's largest hotel chain is benefiting from a rebound in leisure travel as curbs from the health crisis are eased.

  • Travel within countries has risen, boosting occupancy rates for hotel chains.

  • MARY Its quarterly occupancy rates in its biggest market, North America, nearly doubled to 37% from the previous quarter.

  • Those rates also surged.

  • In greater China.

  • It's best performing market Mary.

  • It said 94% of its hotels around the world are now open, also helping the company returned to the black of 57% drop in expenses.

  • MARY It's top line slumped but topped.

  • Analyst estimates Shares rose in early trading Friday, but they're still down by roughly a third this year.

  • Marry It's got company.

Marriott International surprised Wall Street Friday by swinging to a profit from a loss in the previous quarter.

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B1 occupancy profit hotel quarter friday top line

Marriott posts surprise profit

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    林宜悉 posted on 2020/11/08
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