Hotelier Marriott International reported a lower second-quarter profit on Thursday, hurt by a sharp decline in revenue per available room.

The Bethesda, Maryland-based company posted net income of $37 million, or 10 cents per share, down from $153 million, or 41 cents per share, a year earlier.

Excluding restructuring costs and other items, earnings were 23 cents per share.

Revenue fell to $2.6 billion from $3.2 billion.

The company, which operates the Ritz Carlton, Renaissance and Marriott chains, said it could not provide its typical outlook, given the global economic climate.

(Reporting by Deepa Seetharaman; Editing by Lisa Von Ahn)