BETHESDA — Hotel operator Marriott International says its second-quarter net income rose 13 percent as the industry’s recovery continued and its room rates rose.
The company reported Wednesday that it earned $135 million, or 37 cents per share, for the quarter — meeting analyst expectations. That’s up from $119 million, or 31 cents per share, earned in the same quarter last year.
Revenue rose 7 percent to roughly $3 billion to beat expectations for $2.58 billion.
The operator of Marriott, Ritz-Carlton and other lodging brands said it saw the benefits of its growing global network of hotels.
Shares of Marriott were unchanged in after-hours trading on the news.