Marriott's Cash Burn Eases; Now, It Just Needs Travelers

Marriott's Cash Burn Eases; Now, It Just Needs Travelers

Upscale hotel franchisor Marriott International (NASDAQ: MAR) illustrated its ability to grind out a protracted recovery from the COVID-19 pandemic in its second quarter 2020 earnings released on Aug. 10. Revenue per available room (RevPAR) across Marriott's system of owned and franchised properties plunged 88.6% year over year as occupancy slumped and average daily rates also declined. Given its wide year-over-year swing from a healthy profit to a significant loss, Marriott investors should drill down a bit on the current quarter to assess the consumer discretionary stalwart's resilience going forward.