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Hilton Pulls 2020 Outlook Due To Coronavirus Outbreak

Published on Mar 16 2020 9:00 AM in Hotel tagged: Trending Posts / Hilton / Hilton Worldwide Holdings

Hilton Pulls 2020 Outlook Due To Coronavirus Outbreak

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.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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