Marriott international reports first quarter 2020 results

Marriott international reports first quarter 2020 results.q1 adjusted earnings per share $0.26.q1 earnings per share $0.09.q1 earnings per share estimate $0.80 -- refinitiv ibes data.marriott - q1 2020 comparable systemwide constant dollar revpar declined 22.5 percent worldwide.marriott - added more than 14,500 rooms globally during q1.marriott - currently, roughly a quarter of our worldwide hotels are closed.marriott - in april, worldwide revpar declined about 90%.marriott - "seeing an uptick in owner interest in discussing conversions to our brands".marriott - recognized no incentive management fees in 2020 q1.marriott - occupancy at hotels in greater china reached 25% in april.marriott - qtrly total revenues $4,681 million versus $5,012 million reported last year.marriott - occupancy at hotels in greater china reached 25% in april, up from less than 10% in mid-february 2020.marriott - q1 reported & adjusted eps included impairment charges, bad debt expense, and guarantee reserves of $0.45 and $0.42, respectively.marriott - expect covid-19's impact will likely result in significantly lower new room openings than co had budgeted for 2020.marriott - in q1, incurred $15 million of expenses, recognized $17 million of insurance recoveries related to data security incident disclosed in nov. 2018.
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