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In what executives hope marks a (small) turning point out of the deepest financial trenches of the pandemic, Hilton has announced that it lost $432 million in the second quarter.
The results are “not a shining moment” in the brand’s 100-year history, according to president and CEO Christopher Nassetta.
“Our second-quarter results reflect the challenges that our business has experienced as a result of the pandemic. However, as restrictions are lifting and properties around the world are reopening, we are seeing improved occupancy,” Nassetta said.
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