Statement on Marriott International’s COVID-19 Update to Associates

Marriott International | May 27, 2020

Marriott International today provided an update to the company’s global workforce on the continuing impact of COVID-19 on its business. The COVID-19 pandemic is having a more severe and sustained financial impact on Marriott’s business than 9/11 and the 2008 financial crisis, combined. From the first warning signs of this unprecedented event, the company took a number of steps to adapt and strengthen its business including reducing costs significantly and improving its liquidity. Today, Marriott informed its associates that the company will need to implement additional measures in light of the increasing likelihood that it will be some...