Marriott posts quarterly loss as pandemic weighs on bookings

Representative image/Credit: Reuters Photo

Marriott International Inc reported a quarterly loss on Thursday as the world's largest hotel chain's bookings declined due to pandemic-induced travel restrictions.

The company posted a net loss of $164 million, or 50 cents per share, for the fourth quarter ended Dec. 31, compared with a profit of $279 million, or 85 cents per share, a year earlier.