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Hilton posts quarterly loss as pandemic hits bookings
short by Ravi Dutta Mishra / on Wednesday, 5 May, 2021
US hotel operator Hilton Worldwide Holdings posted a quarterly loss as bookings were hurt by travel restrictions. Hilton said that its total revenue fell to $874 million from $1.92 billion a year earlier. It added that the key hotel metric of revenue per available room (RevPAR) fell about 38% to $46.23. RevPAR stood at $40.68 in the previous quarter.
read more at Reuters