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Jun 30, 2020
Marriott Q2 2020 Earnings Report
Marriott's Q2 2020 results were dramatically impacted by the COVID-19 global pandemic and efforts to contain it.
Key Takeaways
Marriott International reported a net loss of $234 million for Q2 2020, a significant downturn compared to the $232 million net income in Q2 2019. The adjusted EBITDA totaled $61 million, a sharp decrease from the $952 million in the same quarter of the previous year. The company's RevPAR declined significantly worldwide due to the pandemic, but there are steady signs of demand returning, particularly in Greater China.
Worldwide RevPAR declined 84.4 percent, with North America down 83.6 percent and international markets down 86.7 percent.
Reported diluted loss per share was $0.72, compared to a $0.69 EPS in the year-ago quarter; adjusted diluted loss per share was $0.64, compared to a $1.56 EPS in Q2 2019.
Reported net loss was $234 million, compared to a $232 million net income in the year-ago quarter; adjusted net loss was $210 million, compared to a $525 million net income in Q2 2019.
Adjusted EBITDA totaled $61 million, compared to $952 million in the second quarter of 2019, including $36 million of bad debt expense related to COVID-19.
Revenue by Segment
Forward Guidance
Due to the numerous uncertainties associated with COVID-19, Marriott cannot presently estimate the financial impact of this unprecedented situation, which is highly dependent on the severity and duration of the pandemic and its impacts, but expects that COVID-19 will continue to be material to the company’s results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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