Global
Marriott International reported net income of $220 million
for the 16-week period ended Dec. 29, down 7 percent from the comparable year-earlier period. By "continuing a deliberate strategy of shifting business to higher rated segments," Marriott in the quarter increased by nearly 10 percent average daily rates at its North American, company-operated properties. Total revenues rose 6 percent to $3.86 billion. Full-year 2006 numbers included net income of $608 million, a 9 percent year-over-year decline, on a 5 percent increase in revenue to $12.16 billion.