'Everything Is on the Table' as Hilton Loses $432 Million in Q2

Nearly all of the brand's hotels are open globally, but occupancy hovers around 40%


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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