>Marriott plans higher room rates to match uptick in corporate travel

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>Marriott International said Thursday it plans to raise room rates in the coming months, as demand from travelers picks up.

The plan follows the release of quarterly results that surpassed analysts expectations. For the three months ending June 18, Marriott earned $119 million, or 31 cents per share, up 42 percent from the same period a year ago. Revenue totaled nearly $2.8 billion, compared with $2.6 billion for the second quarter of 2009.

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