Marriott 4Q Net Down 18% On Spinoff Charges, RevPAR Rises | wsj.com

Marriott International Inc.'s (MAR) fourth-quarter earnings fell 18% as charges related to the spinoff of its timeshare business weighed on bottom-line results, though revenue per available room increased. Marriott, an industry bellwether, has posted increased revenue for two years as demand rebounds in the U.S. and hot markets like China and Brazil allow for higher daily rates.