Marriott profit misses as bookings, revenue per room plunge
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(Reuters) - U.S. hotel operator Marriott missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to coronavirus-led lockdowns that kept a quarter of its hotels closed.In line with Holiday Inn-owner IHG's announcement last week, the company said its bookings in Greater China improved in April as the world's second-largest economy gradually reopened for business.But Marriott's shares, down 42% this year already, dipped another 4.5% as the..