Increased travel boost"s Marriott"s profits by Cheap Flights Booker UK

An increase in business and leisure travel has helped boost profits of international hotel chain Marriott.

Marriott International posted earnings of $83m (£52m) during the third quarter of this year, bringing the costs of its individual shares to 22 cents.

The figures are in stark contrast to Marriott"s huge losses of $466m last year, and have been attributed to a growing number of air travellers.

JW Marriott Jr, chief executive of the hotel group, said travel demand has revitalised the company"s profits, which are expected to increase even more in 2011, with the chain forecast to experience a growth level of an additional six to 8% during the last quarter of this year.

Arne Sorenson, president and chief operating officer of Marriott, added: "Many seem to wonder if the economic recovery has any strength and if there is a risk of a double dip.

"There"s nothing in our business that indicates this - business and leisure travel is strong. The recovery in our business is broad."


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