Marriott shares fall in wake of Marriott stock plunge

MARRIOTT, Utah — Marriott International Corp. shares plunged on Monday as investors worried about a stock price crash that has rocked the hotel industry.

The stock is down 3.4% to $31.94 in after-hours trading.

The Marriott brand has struggled in recent years as the global hotel industry struggles to keep up with demand from new consumers, especially millennials.

The company’s earnings for the third quarter ended June 30 fell short of analysts’ expectations.

The plunge comes amid concerns that Marriott will miss earnings forecasts in the third-quarter due to the recession and other pressures, according to analysts.

Marriott said in March it expects revenue to fall to $12.9 billion in fiscal 2021.

The shares have lost more than a third of their value in recent months, dropping from $19.82 in early September to $19 in February.

The plunge has been particularly pronounced since the company announced it would reduce the number of its international hotel rooms to 25.

Last year, Marriott’s revenue dropped nearly $50 million, or 19%, to $4.4 billion.

The company also said in April that it was going to cut the number in half by 2019, reducing the number it currently operates from 12 to 8,000.

SPONSORSHIP BENEFITS

Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.한국 NO.1 온라인카지노 사이트 추천 - 최고카지노.바카라사이트,카지노사이트,우리카지노,메리트카지노,샌즈카지노,솔레어카지노,파라오카지노,예스카지노,코인카지노,007카지노,퍼스트카지노,더나인카지노,바마카지노,포유카지노 및 에비앙카지노은 최고카지노 에서 권장합니다.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.