New York, May 12 (RHC)-- Marriott International Inc. has reported a 92 percent slump in profit for the first quarter of 2020, as bookings plunged due to coronavirus-led travel restrictions.
Net income fell to $31 million, or nine cents per share, in the quarter ended March 31st, from $375 million, or $1.09 per share, a year earlier.
On an adjusted basis, Marriott earned 26 cents per share in the quarter. Revenue slumped seven percent to $4.68 billion.
