Tuesday, February 24, 2009: Hotel operator, Marriott International Inc. slipped into the red during the fourth quarter, reporting a $10 million loss, or 3 cents per share, versus a profit in the 2007 quarter of $236 million, or 62 cents per share.
Occupancy at the company´s hotels and resorts world wide dropped 3.7 percent to 65.3 percent in the 2008 quarter vs. the 2007 quarter, while the average nightly room rate plummeted 2.1 percent to $135.59, Marriott said.
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