Marriot Loses $23M in 1Q, Still Earn $157M with Timeshares


The economy is still having a serious affect on the travel and hotel & hospitality industries.  Marriot needed to do some restructuring, and ended the first quarter with a loss that was not as bad as predicted.  Although $23M was lost for the quarter and timeshare sale revenue fell, timeshare revenue was still $157M.  That’s not bad for 3 months of revenue.

For the AP article, click here.

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