Marriott posts first quarterly loss in nearly nine years as virus hits bookings | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
June 10, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, JUNE 10, 2023
Marriott posts first quarterly loss in nearly nine years as virus hits bookings

Global Economy

Reuters
10 August, 2020, 05:25 pm
Last modified: 10 August, 2020, 05:29 pm

Related News

  • Marriott to suspend operations in Russia
  • Marriott International gets new Area VP for South Asia region
  • 'Marriott is planning to open 9 properties in 5 years. The number of jobs created will be phenomenal'
  • Renaissance Hotels debuts in Bangladesh with Renaissance Dhaka Gulshan

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
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.

Marriott International

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • More taxes proposed for pvt unis, English medium schools, trade orgs, NGOs
    More taxes proposed for pvt unis, English medium schools, trade orgs, NGOs
  • Illustration: TBS
    Inflation roars on
  • Photo: Collected
    World Bank keeps Bangladesh GDP growth unchanged at 5.2% in FY23

MOST VIEWED

  • A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon
    Investors channel billions into emerging markets, but China drops again - IIF
  • Photo: Collected
    Falling commodity prices stoke fear of global recession
  • A weak dollar has also provided support for crude prices as a lower dollar makes oil less expensive for buyers. Photo: Collected
    Oil prices fall on report of possible Iran-US deal
  • A vendor speaks with a customer while selling fruits at a market in Karachi, Pakistan June 8, 2023. REUTERS/Akhtar Soomro
    Watched by IMF, Pakistan to present budget amid economic, political crises
  • The Federal Reserve building is set against a blue sky in Washington, US, May 1, 2020. REUTERS/Kevin Lamarque
    Blink and you'll miss these interest-rate pauses
  • A currency trader counts Pakistani rupee notes as he prepares an exchange of dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/Files
    Pakistan failing in every economic index: key survey

Related News

  • Marriott to suspend operations in Russia
  • Marriott International gets new Area VP for South Asia region
  • 'Marriott is planning to open 9 properties in 5 years. The number of jobs created will be phenomenal'
  • Renaissance Hotels debuts in Bangladesh with Renaissance Dhaka Gulshan

Features

Yamaha MT-15 V2

Top 3 150-160cc naked sports bikes in Bangladesh

10h | Wheels
Infograph: TBS

Balancing lives and livelihoods: How can South Asia prepare for the next pandemic?

11h | Panorama
Earning more money isn’t exactly a priority for Messi, already one of the world’s richest athletes. Photo: Bloomberg

Why Lionel Messi chose Miami over Riyadh

12h | Panorama
Many stores at the solar wholesale markets are now half full. Or half empty. Photo: Noor-A-Alam

Empty stores and crowded corridors: How the solar market ran out in a week

14h | Panorama

More Videos from TBS

Stats of Europe’s Top 5 League

Stats of Europe’s Top 5 League

6h | TBS SPORTS
13 helpful tips to negotiate about job

13 helpful tips to negotiate about job

1d | TBS Career
Why did Messi turn away from Europe?

Why did Messi turn away from Europe?

1d | TBS SPORTS
Tips to getting sleep on a hot night

Tips to getting sleep on a hot night

14h | TBS Health

Most Read

1
bKash denied permission to pay $4.10 lakh for Argentina football partnership
Banking

bKash denied permission to pay $4.10 lakh for Argentina football partnership

2
Photo: Noor-A-Alam/TBS
Splash

The Night Dhaka did NOT vibe with Anuv Jain

3
Photo: TBS
Energy

2nd unit of Payra power plant to shut down over coal shortage

4
Photo: Screengrab from a video posted by a NSU student
Energy

'Will collapse any moment': NSU teachers, students raise concern after long power outage hit country's largest private uni

5
Digital bank licence requires Tk125cr capital
Banking

Digital bank licence requires Tk125cr capital

6
Photo: Salahuddin Ahmed Paulash/TBS
Energy

LPG price drops by Tk13.42 per kg

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]