Hotel chain operator, Marriott International Inc. (MAR) reported third quarter 2012 earnings of 44 cents per share, comfortably surpassing the Zacks Consensus Estimate of 40 cents and the year-ago quarter adjusted earnings of 29 cents per share. The earnings were also above the projected guidance of 39 cents to 41 cents. Total revenue was $2,729 million in the second quarter, up 8% year over year from adjusted revenue of $2,519 million. The upside was led by a boost in pricing power, an 8% increase in domestic group revenue and a 6% rise in transient REVPAR. Inside the Headline Numbers Base management fees increased 12% over prior-year adjusted levels to $134 million while franchise fees increased 7% to $149 million, attributable to higher revenue per available room (REVPAR) at existing hotels
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