Marriott International Inc. posted a larger-than-expected quarterly loss on Monday, though a budding recovery in China offered signs of hope as the pandemic continues to pound the lodging industry. The world’s largest hotel company posted a second-quarter loss of $234 million, or 72 cents a share, compared with a profit of $232 million, or 69 cents a share, in the same quarter last year, as travel remained depressed during the usually lucrative summer season.

Source: Wall Street Journal August 10, 2020 12:07 UTC