Hilton Records Quarterly Loss
Hilton Worldwide Holdings Inc has recorded a quarterly loss, compared to a year-ago profit, due to the continuing COVID-19 pandemic.
The company's comparable revenue per available room (RevPAR) fell by 59.9% during the third quarter.
The US hotel operator posted system-wide occupancy of 42.5% for the third quarter, compared with 79.1% a year ago.
Net Loss Attribute To Stockholders
Net loss attributable to stockholders was $79 million, or 28 cents per share, in the quarter that ended on September 30, compared with a net income of $288 million, or $1.00 per share, a year earlier.
Revenue fell to $933 million from $2.40 billion.
Earning Per Share
On an adjusted basis, Hilton earned $0.06 per share.