• Marriott third quarter results top expectations

Marriott’s performance for the third quarter of 2010 were at the top end of the company’s expectations. Revenue rose to $253 million, up 9%, while revpar rose 8.2%, with the company able to pay down debt ahead of schedule thanks to strong cashflow.

Marriott added more than 5,000 rooms during the quarter. Its development pipeline stands at close to 95,000 rooms, of which a third are outside the USA.

Read the full story here:  http://news.marriott.com/2010/10/marriott-international-reports-third-quarter-results.html#more

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