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Hilton Records Quarterly Loss

Published on Nov 4 2020 12:59 PM in Hotel tagged: Hilton

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.

RevPAR

The company's comparable revenue per available room (RevPAR) fell by 59.9% during the third quarter.

Occupancy

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

Revenue fell to $933 million from $2.40 billion.

Earning Per Share

On an adjusted basis, Hilton earned $0.06 per share.

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

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