During the first quarter of 2012, the profits obtained by the Marriott hotel chain saw an increase of 18% to reach a profit of US $104 million, compared to the US$88 million reported last year during the same period. Net profit grew by 3% compared to US$101 million in 2011.
Another positive figure presented by the hotel company was the decrease in revenue per room, RevPar, which rose by 6.9% during the quarter in the North American market and 5.9% in the international market.
Despite the good results, it is worth noting that overall the total volume of revenue was reduced by 8% to stand at US $ 2,552 million, while in 2011 the figure was US $ 2,778. However, the chain was able to maintain its profit margins thanks to the increase in prices and the improvement in RevPar levels.
Arne Sorenson, chairman and CEO of Marriott International, said in a statement that "strengthening the group's business in the first quarter with increasing occupancy and rising costs allows the company to remain in a strong position."
