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Nassetta realistic, optimistic during Hilton earnings call

If you thought the first quarter was bad, brace yourself for even uglier second-quarter results, Hilton Worldwide Holdings President and CEO Christopher Nassetta warned during an earnings call on Thursday. Through February, occupancy in the Americas and Europe, Middle East and Africa regions remained roughly flat. But with travel demand quickly sinking to record lows, Hilton suspended operations at 950 hotels, or about 16% of its total. Comparable RevPAR slipped 22.6% from 2019 on a currency-neutral basis. Net income and adjusted EBITDA for the quarter were also off — US$18 million (versus US$159 million in 2019) and US$363 million (versus…
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