Marriott surprises with Q3 profit, says travel demand is improving

Marriott Hotel reported a surprise quarterly profit. Marriott International, which has 7,600 properties worldwide and has over 1.4 million rooms, posted a profit of $100mn, or 31 cents a share, for Q3 versus a profit of $387mn or $1.16 a share, a year reported earlier. This is a significant improvement compared to Q2 when the hotel chain reported a $234mn loss amid worldwide coronavirus lockdowns