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Marriott’s $164M net loss in line with expectations

Marriott International on Thursday reported a US$128 million operating loss in Q4 2020 fourth, compared to Q4 2019 operating income of US$274 million. It also reported a US$164 million net loss in Q4 2020, compared to Q4 2019 net income of US$279 million. Reported diluted loss per share totaled US$0.50 in the quarter, compared to reported diluted EPS of $0.85 in the year-ago quarter. Marriott also forecast 6% unit growth for 2021. In 2020, Marriott achieved 3.1% net unit growth, and approximately 13% of openings were conversion rooms. Baird Equity Research’s Michael Bellisario wrote that Marriott's fourth-quarter results contained no…
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