Lodging giant’s results improve

Tuesday, Feb. 10, 2004 | 10:57 a.m.

The company had net income of 69 cents a share, compared with a loss of $37 million, or 15 cents a share, a year earlier, Marriott said in a statement. Revenue for the quarter ended Jan. 2 rose 6.4 percent to $2.87 billion.

Travelers nudged hotel occupancy rates higher outside North America and boosted timeshare sales at resorts in Hawaii and California, the company said. Rising business travel led Marriott to follow Hilton Hotels Corp. and Starwood Hotels & Resorts Worldwide Inc. in predicting demand for hotel rooms will improve this year.

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