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0.00028851702250427 -0.000937680323139032 -0.00678015002885169 -0.0112521638776688 -0.0197605308713214 -0.0128390075014426 -0.00100980957876525 0.0048326601269474
Stock impact report

Hilton sees 'material' declines in earnings, with Q1 RevPAR down up to 24% [MarketWatch]

Hilton Worldwide Holdings Inc. (HLT) 
Last hilton worldwide holdings inc. earnings: 2/11 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.hilton.com
Company Research Source: MarketWatch
Hilton Worldwide Holdings Inc. disclosed Thursday that it has suspended operations at nearly 1,000 hotels, or at about 16% of its global hotels, as a result of the COVID-19 pandemic. The stock slipped 0.5% in morning trading. The company expects first-quarter revenue per available room to fall 22% to 24% from a year ago, which includes a 1% increase in January, a 4% decline in February and a 56% to 58% drop in March. Hilton said it also expects "material declines" to earnings and overall results. Among actions taken, Hilton said it has suspended dividend payments and share repurchases, fully drawn on its $1.75 billion revolving credit facility and reduced payroll costs through furloughs and salary cuts. The company said based on its current cash position and the assumption that current low levels of occupancy persist, it can fund operations for the next 18 to 24 months. The stock has dropped 37.7% over the past three months, while the Dow Jones Industrial Average has lost 10.2%. Show less Read more
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