Marriott profit jumps as North America room rates, occupancy rise

Tue Apr 29, 2014 4:42pm EDT

(Reuters) - Marriott International Inc MAR.N, the operator of the Ritz-Carlton and Renaissance hotel chains, reported a 26 percent rise in quarterly profit, helped by higher room rates and occupancy in North America.

The company's net income rose to $172 million, or 57 cents per share, in the first quarter ended March 31 from $136 million, or 43 cents per share, a year earlier.

Revenue rose 5 percent to $3.29 billion.

(Reporting by Ankit Ajmera in Bangalore; Editing by Kirti Pandey)

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