Marriott International reported a third-quarter net loss of $466 million compared with a $94 net profit a year earlier

Primarily resulting from a $752 million impairment charge related to its timeshare business, . Adjusted income from continuing operations was $53 million. Marriott's systemwide average daily rate in North America dropped 12.7 percent year over year to $117.09 while occupancy fell 5.6 percentage points to 68.5 percent and revenue per available room declined 19.3 percent to $80.16.