Marriott International Inc. (MAR) reported second quarter 2012 earnings of 42 cents per share, in line with the Zacks Consensus Estimate. However, earnings in the reported quarter were 24% higher than the year-ago quarter adjusted earnings of 34 cents per share. Total revenue was $2,776 million in the second quarter, up 7% year over year from $2,605 million, but lagged the Zacks Consensus Estimate of $2,831 million by 2%. Inside the Headline Numbers Base management fees rose 4% year over year to $141 million while franchise fees increased 7% year over year to $145 million, attributable to higher revenue per available room (RevPAR) at existing hotels and fees from new hotels. Incentive management fees jumped 12% year over year to $56 million. Owned, leased, corporate housing and other revenues climbed
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