0 Replies Latest reply: Apr 1, 2010 1:02 PM by anadyr RSS

profit and loss

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Marriott International ($21.98, +$2.39, +12.20%) swung to a first-quarter loss on restructuring charges as revenue per room tumbled, a situation the hotel giant now expects to be worse than anticipated for the year. But for Wall Street, the weak results were offset by better-than-expected operating results - which signaled that Marriott's aggressive cost-cutting measures are gaining traction. Other hotels also climbed, with Host Hotels & Resorts Inc. (HST, $7.34, +$1.26, +20.72%), Starwood Hotels & Resorts Worldwide Inc. (HOT, $19.52, +$1.56, +8.69%) and Wyndham Worldwide Corp. (WYN, $9.11, +$0.62, +7.30%) performing solidly. LaSalle Hotel Properties (LHO, $10.90, +$1.70, +18.48%) also reported a better-than-expected quarter, which Wachovia said set a high bar for the others.

 

From the Wall Street Journal, April 24, 2009

(For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

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