Marriott's North American group bookings for next year are strengthening, and are up over 4 percent compared to a gain of 2 percent three months earlier.
Revenue reported total revenue of $3.16 billion for the three months ended Sept. 30, up from $2.73 billion it reported for the 86-day quarter ended Sept. 7, 2012. The company is moving to a calendar reporting cycle starting this year.
Third quarter net income totaled $160 million, or 52 cents per share, compared with $143 million, or 44 cents, in the year-earlier period.
Analysts on average had expected earnings of 45 cents per share on revenue of $3.04 billion, according to Thomson Reuters I/B/E/S.
International drags Hyatt
Hyatt revenue rose 4 percent to $1.02 billion in the third quarter. Net income rose to $55 million, or 35 cents per share, from $23 million, or 14 cents per share, a year earlier.
Excluding one-time items, the company reported adjusted earnings of 23 cents per share, ahead of Wall Street's estimate of 21 cents.
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Marriott said the strength seen in North American was replicated elsewhere but Hyatt's average room prices at its international hotels fell, offsetting some of the U.S. growth.
RevPAR fell 3 percent at Hyatt's managed and franchise hotels in the Asia-Pacific region, hurt mainly by China.
"A lack of demand in China, increased supply growth in China and tougher Olympic-related comparisons in Europe in the third quarter were mainly the culprits," FBR Capital Markets & Co analyst Nikhil Bhalla said.
Average daily room rates at managed properties fell 4.5 percent across the Asia-Pacific region and 2.4 percent across the Europe, Africa, and Middle East.
The company also said its board on Tuesday authorized a share repurchase program of up to an additional $200 million.