Marriott Reports Healthy Q2 Profits

18th July 2010 (Last Updated July 18th, 2010 18:30)

Marriott International's net second quarter income for 2010 has more than tripled to $119m, a 42% increase compared with adjusted net income in the same quarter in 2009, according to the company's Q2 financial report. Marriott's total revenues climbed 8% to $2.77bn compared with

Marriott International’s net second quarter income for 2010 has more than tripled to $119m, a 42% increase compared with adjusted net income in the same quarter in 2009, according to the company’s Q2 financial report.

Marriott’s total revenues climbed 8% to $2.77bn compared with $2.56bn in the same quarter last year.

The company’s revenue per available room (revPAR) increased 9.9% in the second quarter, fuelled by an increase in room rates and occupancy rates.

The company plans to open over 30,000 rooms in 2010, according to Marriott’s chairman and chief executive JW Marriott Jr.