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MARKET MOVERS

Hotelier’s profit, forecast please the Street

  April 20, 2012

Marriott International Inc., the largest publicly traded U.S. hotel chain, surged after reporting a higher profit and raising its forecasts for 2012 amid climbing business-group demand. Marriott, whose brands include Ritz-Carlton, probably will have earnings of $1.58 to $1.69 a share this year, the Bethesda, Maryland-based company said yesterday in a statement. That’s higher than its $1.52-to-$1.64 forecast from February

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