Marriott Swings To 3Q Loss On Timeshare Write-Downs | wsj.com

Marriott International Inc. (MAR) swung to fiscal-third quarter loss amid write-downs of its timeshare business. But the results beat Wall Street's targets and suggest that stabilization in the recession-battered hotel industry is finally gaining traction. Amid sagging revenue at its core hotel business there were signs the hotelier has seen the worst of the declines.