Marriott International reported relatively flat third-quarter earnings, with reported net income totaling $483 million, versus $485 million for the same period last year.
The group's global revenue per available room (RevPAR) was up 1.9%. Much of that growth was driven by markets outside of North America, which collectively saw third-quarter RevPAR jump 5.4%. North American RevPAR eked out a 0.6% gain over the three months.
Marriott president and CEO Arne Sorenson said that the company projected RevPAR progress in most international markets to "remain strong," with forecasts for North America hampered by "slightly weaker than expected transient demand" in September.
For the fourth quarter, Marriott expects global RevPAR to increase roughly 2%, with RevPAR outside North America set to expand by 5% to 6%.
Fourth-quarter North American RevPAR is projected to continue to lag, at approximately 1% growth.