Global
Net income in the second quarter jumped 35 percent for Marriott International
, to $186 million, driven by strong revenue trends. "Demand is growing a lot faster than supply," said executive vice president and CFO Arne Sorenson. "Not surprisingly, the best pricing power is with business transient travelers, who have the least options. They tend to book relatively late versus their stay--usually within 10 days of their trip--and in many markets, midweek, [properties] are nearly full. It gives the industry a good ability to price."