NEW YORK, Aug 2 (Reuters) – Marriott International Inc on Tuesday reported better-than-expected second-quarter revenue and profit, boosted by the recovery in tourism.
The American hotel group, parent company of Ritz-Carlton, reported adjusted earnings of $1.80 per share, while analysts expected an average of $1.56, according to Refinitiv data.
Marriott’s second-quarter revenue for its part rose 70% year on year to $5.34 billion, versus the $4.92 billion expected by analysts.
Marriott said it expects adjusted earnings per share to beat expectations for the third quarter.
The stock gained about 2% in pre-market trading. (Doyinsola Oladipo report, French version Diana Mandiá, edited by Jean-Stéphane Brosse)
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