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Marriott see Q2 profits up, despite slow Middle East growth

Marriott International Inc. has raised its profit expectation for the full year despite a slowdown in growth in the Middle East and in Asia, the Associated Press has reported. Marriott made its prediction as it reported second-quarter net income that rose 6% from a year ago. The company, which also operates Ritz-Carlton hotels, Fairfield Inn & Suites and other lodging brands, saw its net income rise to $143m in the second quarter, compared with $135m a year earlier. Revenue, however, slipped 7% to $2.78bn.