Hilton CEO Tells Trump Most Hotels in Major Cities Will Close
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Hilton Worldwide Holdings Inc. plans to close most of its hotels in major U.S. cities, Chief Executive Officer Christopher Nassetta said at a meeting with President Trump at the White House on Tuesday.
Nassetta, whose company has already begun to temporarily shutter namesake properties in New York and Washington, said occupancy rates could fall to 10% globally as world governments seek to halt the spread of the novel coronavirus.