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Hoping that the worst of the pandemic is behind it, Marriott announced losses of nearly $234 million in the second quarter.
Revenue per available room (RevPar) for the world’s largest hospitality brand dropped more than 84% worldwide, while North American occupancy rose to nearly 20% on average, reaching nearly 34% by the end of July.
This quarter was predicted to show the full extent of the pandemic, as Marriott had earned $31 million in revenue during the first quarter.
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