Marriott Withdraws 2020 Guidance Due to Coronavirus

In what can't be considered a great surprise, hotelier Marriott International (NASDAQ: MAR) has withdrawn the guidance for its current 2020 fiscal year. The reason, of course, is the sudden and sharply deleterious effect of the SARS-CoV-2 coronavirus, and the COVID-19 disease it causes, on the hospitality industry.

Previously, Marriott had provided "base case" guidance -- i.e., estimates that don't take into account the potential impact of the coronavirus's spread and other costs that are challenging to forecast -- for 2020.

Image source: Marriott International.

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Source Fool.com