Hotel Companies shares are mixed after House vote

The vote came one day after Marriott International Inc. reported a 28 percent drop in third quarter earnings and a gloomier-than-expected outlook for 2009, amid a tight credit market and cutbacks in business and consumer spending.

In a conference call with investors on Thursday, Chief Financial Officer Arne Sorenson pressed for Congress to pass the bailout.

"There are thousands, maybe tens of thousands of jobs at stake in our company alone, and we are typical," he said.

In afternoon trading, Marriott shares gained 85 cents, or 3.6 percent, to $24.59. The stock has traded between $22.12 and $44.94 during the session.

Starwood Hotels & Resorts Worldwide Inc. also gained. The stock rose 24 cents to $25.54.

Wyndham Worldwide Corp., however, declined in afternoon trading. Marriott's results, which included poor results from its timeshare business, fueled concerns about Wyndham's larger timeshare segment. Shares dropped 71 cents, or 5 percent, to $13.46, after touching a low of $13.25 earlier in the session.