Corona crisis causes sales at the world's largest hotel chain to collapse

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Construction site: At Marriott, business is currently not running

The US hotel giant Marriott made significantly less revenue in the second quarter due to the corona pandemic and has slipped into the red. Revenues of the world's largest hotel chain fell 72 percent to 1.46 billion US dollars (1.24 billion euros). The bottom line was a loss of $ 234 million, as the group announced on Monday in Bethesda, Maryland. In the same quarter of the previous year, Marriott was able to post a profit of a similar amount.

The turnover per available room, an important performance benchmark for the hotel industry, even collapsed by 84.4 percent.

Despite the dramatic slump, CEO Arne Sorenson (61) remained confident: "While our business continues to be significantly burdened by Covid-19, we see permanent signs of recovering demand."

cr / dpa / Reuters