by By Michael J. Shapiro | October 14, 2009

Marriott International reported $53 million in adjusted income for the third quarter on Thursday, a 57 percent drop over a year ago. Revenue per available room, which dipped by 23.5 percent compared to last year, recorded a smaller decline than the company expected, according to chairman and CEO J.W. Marriott Jr. He added that occupancy rates for the quarter also exceeded company expectations, due largely to promotions for leisure travelers.