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Markets News

Marriott posts 74% fall in quarterly profit as virus hits bookings

Nov 6 (Reuters) - Hotel operator Marriott International Inc on Friday reported a 74% fall in quarterly profit, as the COVID-19 pandemic dented global travel and led to a fall in bookings.

Marriott’s net profit fell to $100 million, or 31 cents per share, in the third quarter ended Sept. 30, from $387 million, or $1.16 per share, a year earlier. (Reporting by Ashwini Raj and Ankit Ajmera in Bengaluru; Editing by Ramakrishnan M.)

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