August 5, 2019 / 8:38 PM / 19 days ago

Marriott reports 2% drop in quarterly revenue

Aug 5 (Reuters) - Marriott International Inc, the world’s largest hotel company, reported a 2% drop in quarterly revenue on Monday due to slowing global economic growth that weighed on business travel.

Net income fell to $232 million, or 69 cents per share, in the second quarter ended June 30, from $667 million, or $1.87 per share, a year earlier.

Revenue fell to $5.31 billion from $5.41 billion a year earlier. (Reporting by Dominic Roshan K.L. in Bengaluru)

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