Hotel operator Marriott International recorded an $83m profit in the third quarter of 2010. The company attributed the revenue rise to higher room rates.
Marriott International made a loss of $466m or $1.31 per share last year.
Revenue rose from $2.5bn to $2.6bn for the quarter and Marriott added 32 properties and more than 5,000 rooms during the quarter.
Revenue per available room RevPAR rose 7.2% in North America and 12% internationally and the company’s average daily room rate rose by 1.8%.
Marriott’s worldwide pipeline of hotels under construction, awaiting conversion or approved for development, totalled nearly 95,000 rooms.
The company said revenue per available room will increase by 6 to 8% in 2011.