The average daily first-quarter rate at Marriott International's North America properties increased by 3.6 percent year over year

and by 2.7 percent in the rest of the world. Average rates in North America were up by roughly the same percentages at full-service and limited-service hotels. Marriott reported rate increases in all regions except the Middle East and Africa, where rates were down by 7.9 percent. Occupancy was higher in all regions, including a 5.9 percentage-point increase in Asia/Pacific. Marriott's net income for the quarter was $104 million, up 3 percent from the first quarter of 2011, even with a revenue loss from a spin-off of its timeshare business.