Marriott quarterly profit dives 92% on decline in bookings
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(Reuters) - Marriott International Inc on Monday reported a 92% slump in profit for the first quarter, as bookings plunged due to coronavirus-led travel restrictions.Net income fell to $31 million(25.09 million pounds), or 9 cents per share, in the quarter ended March 31, from $375 million, or $1.09 per share, a year earlier.On an adjusted basis, Marriott earned 26 cents per share in the quarter.Revenue slumped 7% to $4.68 billion.