Marriott puts a damper on the economic recovery

Yet another sign the economic recovery has a ways to go: Thursday's earnings report from Marriott International Inc.

It's not so much that Marriott reported a whopping 76% drop in second-quarter profit. That was to be expected. See story here.

It's more that the company's outlook is growing dimmer, and that its "RevPAR," or revenue per available room, is shrinking. A key industry metric, RevPAR measures the total that a guest spends at a hotel each night, including for food and beverage as well as other amenities.

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- Posted: 2009-07-16 14:00:18

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