YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Marriott International Inc. reported a 92% drop in first quarter profits as the coronavirus pandemic brought a near halt to the hotel industry.
Net income came to $31 million, a drop from $375 million in the same quarter of 2019.
“We have taken substantial steps to preserve liquidity and mitigate the impact of these extremely low levels of demand,” Marriott International CEO Arne Sorenson said in a statement. “We are confident we have sufficient resources to manage through this evolving situation.”
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