Marriott Posts Solid 3Q Revenue Despite Investor Fear | wsj.com

Marriott International Inc. (MAR) posted strong third-quarter revenues and provided an upbeat outlook for its lodging business, even as Wall Street is checking out of hotel stocks on concerns that an economic slowdown will cut travel spending. The hotelier swung to a loss in the quarter due to costs stemming from the ongoing spinoff of its timeshare business. Those costs masked stronger earnings driven by higher revenue in most regions.