Marriott First-Quarter Earnings Miss Estimates as Demand for Travel Slows | bloomberg.com

Marriott International Inc.’s first-quarter earnings missed analysts’ estimates because of a slowdown in North American travel, with its hotels in the Washington area being hurt by cuts in conference spending. Net income rose to $101 million, or 26 cents a share, from $83 million, or 22 cents, a year earlier, the Bethesda, Maryland-based company said yesterday in a statement.