US hotel operator Hilton Worldwide Holdings Inc has said that it is withdrawing its 2020 financial outlook, citing a demand slump as a result of the coronavirus outbreak.
CEO Statement
"[Due to an] increase in travel restrictions and cancellations around the world, we believe that the potential negative impact will be greater than our previous estimate," CEO Christopher Nassetta said in a statement.
Earlier this month, smaller rival Hyatt Hotels Corp also withdrew its 2020 earnings outlook.
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