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Why Marriott International Stock Lost 40% in March

TheMotleyFool

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Why Marriott International Stock Lost 40% in March

Shares of Marriott International (NASDAQ: MAR) fell sharply last month as the world's biggest hotel chain was badly damaged by the coronavirus-driven sell-off. The travel industry essentially ground to a halt in March, with airlines cutting back on flights and Americans responding to stay-at-home orders by suspending travel arrangements.

As a global leader in the industry, Marriott got hammered on the news, finishing the month down 40%, according to data from S&P Global Market Intelligence.