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Marriott notches up $466m loss

China Daily | Updated: 2009-10-09 08:16

Marriott notches up $466m loss

Comparable revenue per available room at company-operated properties worldwide declined 23.5 percent in the third quarter. Bloomberg News

BETHESDA, Maryland: Marriott International Inc lost $466 million in its third quarter on hefty impairment charges from its timeshare business, which has declined drastically in the recession.

Marriott notches up $466m loss

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