Marriott Swings To 1Q Loss As Revenue Tumbles | wsj.com

Marriott International Inc. (MAR) 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. The hotel industry has been cutting costs after being hammered last year, and the outlook for this year is just as dire. Standard & Poor's Ratings Services predicts revenue per available room - an industry performance measure - may decline as...