Marriott posts first quarterly loss in nearly nine years as virus hits bookings

The company’s loss attributable to stockholders was $234 million, or 72 cents per share, in the second quarter ended June 30, compared with net income of $232 million, or 69 cents per share, a year earlier

Reuters

10 August, 2020, 05:25 pm

Last modified: 10 August, 2020, 05:29 pm

FILE PHOTO: Logo of Marriott hotel is seen in Vienna, Austria April 9, 2018. REUTERS/Heinz-Peter Bader

Hotel operator Marriott International on Monday reported its first quarterly loss in nearly nine years, as extended travel disruption due to the Covid-19 pandemic hammered bookings.

The company's loss attributable to stockholders was $234 million, or 72 cents per share, in the second quarter ended June 30, compared with net income of $232 million, or 69 cents per share, a year earlier.

Total revenue plunged 72.4 percent to $1.46 billion.

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