Global
Marriott International reported fiscal third quarter net income of $131 million
, compared with $141 million a year earlier. Total company revenues jumped 12 percent to $3 billion while revenues from North America full-service hotels increased 10 percent to $1.24 billion. Worldwide average daily rate across the Marriott system increased 5.5 percent to $136.96. In North America, average daily rate for the company's full-service brands rose 5.2 percent to $152.43. "Based on favorable group bookings, 2008 is shaping up as another strong year," said chairman and CEO J.W. Marriott, Jr.