Marriott International reported a 4.6 percent year-over-year increase in its average daily rate to $179.60 during the third quarter.

Occupancy increased 0.4 percentage points to 75.9 percent. CEO Arne Sorenson said the company expects corporate rate increases in the mid-single digits. “We continue to cull some of the lower-rated special corporate business,” he said. “We've been probably as aggressive as any in the industry by both driving those rates ... and saying to some of the lower-rated corporate accounts, 'We're simply not going to take you.'” Third-quarter systemwide revenue increased 3 percent to $3.6 billion.