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The following is the [Travel News]: Hilton posts third straight quarterly loss on pandemic-led travel slump from [Reuters] recommended by TheTourAttraction.com:
Net loss was $224 million in the fourth quarter ended Dec. 31, compared with net income of $175 million a year earlier.
U.S. hotel operator Hilton Worldwide Holdings Inc on Wednesday reported a third straight quarterly loss as bookings fell due to coronavirus-induced travel disruptions.
Net loss attributable to Hilton stockholders was $224 million in the fourth quarter ended Dec. 31, compared with net income of $175 million a year earlier.
The company recorded a $890 million revenue in the fourth quarter last year, down from a $2,369 million revenue in Q4 2019.