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StockWatch: Hilton Frustrated as Pandemic Lingers

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Hilton​ Worldwide posted Q1​ results below estimates, blaming tighter travel curbs in parts of Europe​ and Asia​ which are hurting bookings.

Analysts expect hotels to rebound strongly in the second half of 2021​ but remain reserved about how quickly demand would pick up for business travel.

Hilton said it suspended operations at 275 properties, compared with about 730 properties a year earlier.

Will travel bans be lifted before it’s too late for the industry?

Timestamps
– HLT​ 03:20​
-DANO​ 04:50

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