StockWatch: Hilton Frustrated as Pandemic Lingers
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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