Hotels React as Coronavirus Spreads

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On a post-earnings conference call, Christopher J. Nassetta, CEO, Hilton, reported that approximately 150 hotels, totaling approximately 33,000 rooms, are closed in China as a result of the coronavirus outbreak.

Assuming that the outbreak lasts three to six months, with an additional three- to six-month recovery period, Hilton expects a $25 million to $50 million hit on full-year adjusted EBIDTA, he said. The company estimates a percentage point impact on RevPAR.

Read more : Hotelbusiness.com

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