Hilton Pulls 2020 Earnings Forecast as Coronavirus Hits Travel
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Hilton Worldwide Holdings Inc. is pulling its guidance for 2020, joining other companies in the hotel industry that are taking a hit from the coronavirus outbreak.
“With the coronavirus now spreading beyond China and the Asia Pacific region, and the related increase in travel restrictions and cancellations around the world, we believe that the potential negative impact will be greater than our previous estimate and have decided to withdraw our previously announced guidance,” Christopher Nassetta, Hilton’s chief executive officer, said in a statement.