Subtitles section Play video Print subtitles Marriott International surprised Wall Street Friday by swinging to a profit from a loss in the previous quarter. The owner of the J. W. Marriott and Ritz Carlton brands earned $100 million in the last three months. The world's largest hotel chain is benefiting from a rebound in leisure travel as curbs from the health crisis are eased. Travel within countries has risen, boosting occupancy rates for hotel chains. MARY Its quarterly occupancy rates in its biggest market, North America, nearly doubled to 37% from the previous quarter. Those rates also surged. In greater China. It's best performing market Mary. It said 94% of its hotels around the world are now open, also helping the company returned to the black of 57% drop in expenses. MARY It's top line slumped but topped. Analyst estimates Shares rose in early trading Friday, but they're still down by roughly a third this year. Marry It's got company.
B1 occupancy profit hotel previous quarter friday Marriott posts surprise profit 23 1 林宜悉 posted on 2020/11/08 More Share Save Report Video vocabulary