Marriott’s Third-Quarter Gross Fees Rise 14% to $1.52 Billion as Owners Seek Larger Loyalty Income Share
🏨 Marriott’s third-quarter gross fees jumped 14% to $1.52 billion, while net income rose 17% to $790 million. Worldwide revenue per available room climbed 6.5%, beating August’s 3.5%–4% forecast; limited-service hotels gained over 6%, their third consecutive quarterly increase. CFO Jen Mason said co-branded credit card fees should grow in the high-30% range for the full year. Some hotel owners are seeking a larger share of loyalty income, particularly card fees.
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