Get the app today! Download iPhone App Download Android App


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.


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.

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

Share on Facebook Share on Twitter Share on LinkedIn Share via Email