Marriott’s shares, down 40.3% this year, fell 3.8% in premarket trading as the company also reported an 84.4% plunge in revenue per available room (RevPAR) – a key performance measure for the hotel industry. “While our business continues to be profoundly impacted by COVID-19, we are seeing steady signs of demand returning”, Marriott Chief Executive Officer Arne Sorenson said in a statement. Marriott last reported a quarterly loss in the third quarter of 2011. …read more
Source:: Yahoo Finance
