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US hotel operator Marriott International posted a bigger-than-expected quarterly loss on Monday, as the coronavirus pandemic curbed global travel and led to a plunge in room bookings.
Marriott’s shares, down 40.3 per cent this year, fell 3.8 per cent in premarket trading as the company also reported an 84.4 per cent plunge in revenue per available room (RevPAR) - a key performance measure for the hotel industry.
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