Travel Trade
Hilton Worldwide Holdings posted a surprise fourth quarter loss Wednesday as a collapse in global travel triggered by the coronavirus pandemic continued to hit the hotel sector over the final months of the year.
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Hilton Posts Surprise Q4 Loss As Pandemic Cripples Global Travel; Shares Slump
Hilton said its adjusted loss for the three months ending in December were pegged at 10 cents per share, down from a $1 per share profit over the same period last year and a Street consensus forecast of 3 cents per share. Group revenues, Hilton said, fell 62% to $890 million and came in well shy of analysts’ estimates of a $1.032 billion tally.
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“Our fourth quarter results were largely in line with our…
