Marriott posts first quarterly loss in nearly nine years as Covid-19 hits bookings

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% to $1.46 billion.