Trending: Marriott 4Q Profit, Rev Up as Travel Demand Continues

Dow Jones2023-02-16

12:43 ET -- Marriott International Inc. is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The hotel operator said fourth-quarter profit rose to $673 million, or $2.12 a share, from $468 million, or $1.42 a share, in the prior-year period. Adjusted earnings per share rose to $1.96 from $1.30 last year. Revenue increased by a third to $5.92 billion. It expects first-quarter results to benefit significantly from the easier comparison to the 2022 quarter when the Omicron variant slowed lodging demand. Marriott said about halfway through the quarter, global booking trends remain robust. The recovery of cross-border travel, the reopening of China and resurgence of business trips are expected to contribute in 2023. Dow Jones & Co. owns Factiva. (jennifer.tershak@wsj.com)

(END) Dow Jones Newswires

February 15, 2023 12:43 ET (17:43 GMT)

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2023-02-16
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