Adjusted operating income in the 2020 fourth quarter totaled $148 million, compared to 2019 fourth quarter adjusted operating income of $717 million. Adjusted operating income in the 2020 fourth quarter and the 2019 fourth quarter excluded impairment charges of $44 million and $114 million, respectively.
As the industry mourns the loss of an important figure in hospitality – Sorenson joined the company in 1996 and was first appointed CEO of the group in 2012 - Marriott is tasked with moving forward following what Stephanie Linnartz, group president, consumer operations, technology and emerging businesses, calls “the most challenging year in our 93-year history.”
Third quarter 2020 comparable systemwide constant dollar RevPAR declined 65.9 percent worldwide, 65.4 percent in North America and 67.4 percent outside North America, compared to the 2019 third quarter
Second quarter 2020 adjusted net loss totaled $210 million, compared to 2019 second quarter adjusted net income of $525 million.
First quarter 2020 comparable systemwide constant dollar RevPAR declined 22.5 percent worldwide, 30.4 percent outside North America and 19.5 percent in North America
Third quarter reported net income totaled $387 million, a 23 percent decrease from prior year results. Third quarter adjusted net income totaled $488 million, an 18 percent decrease from prior year adjusted results
Second quarter reported diluted EPS totaled $0.69, compared to $1.87 in the year-ago quarter. Second quarter adjusted diluted EPS totaled $1.56, compared to second quarter 2018 adjusted diluted EPS of $1.73. Reported and adjusted diluted EPS for the 2018 second quarter included $0.26 of asset sale gains
Marriott International reported relatively sluggish Q4 revenue growth in North America, with CEO Arne Sorenson citing group commission cuts as a contributing factor.
Fourth quarter reported diluted EPS totaled $0.92, compared to $0.31 in the year-ago quarter. Fourth quarter adjusted diluted EPS totaled $1.44, a 32 percent increase over fourth quarter 2017 adjusted results
First quarter 2018 comparable systemwide constant dollar RevPAR rose 3.6 percent worldwide, 7.5 percent outside North America and 2.0 percent in North America