Marriott Earnings Signal Enduring Pain For Hotels | wsj.com

Marriott International Inc.'s (MAR) dour second-quarter earnings suggest a recovery in the embattled lodging industry is still far at hand. The company reported Thursday that its quarterly earnings fell 76% amid weak lodging and timeshares demand. Although the report beat Street estimates, the company said it expects third-quarter revenue per available room to decline 20% to 23% in North America and 22% to 24% elsewhere.