Full-year and fourth-quarter 2014 occupancy and average daily rate at Marriott International increased year over year,

the company announced Thursday. Fourth-quarter occupancy worldwide was 69.7 percent, a 1.7 percent increase from the same period in 2013, and ADR was $150.67, up 3.7 percent year over year. Systemwide occupancy for the year was 73.3 percent, up 2 percent from 2013, and ADR was $150.23, up 3.7 percent. Similar to Hyatt and Hilton, Marriott reported strong group revenue and transient demand during the fourth quarter and 2014 overall. The company projected corporate room rates from continuing accounts would increase 5 percent to 6 percent in 2015. Marriott's fourth-quarter net income was $197 million, up from $151 million, while its year-end net income was $753 million, up from $626 million.