|Bid||68.32 x 1200|
|Ask||69.10 x 800|
|Day's Range||66.20 - 71.70|
|52 Week Range||44.30 - 115.48|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||22.75|
|Earnings Date||Apr 28, 2020 - May 03, 2020|
|Forward Dividend & Yield||0.60 (0.82%)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||100.59|
The plight of airlines commands much focus, as their businesses have all but come to a stand-still amid the coronavirus pandemic. But a vast number of the nation’s small businesses as well as larger hotel chains are fighting for survival, too.
The number of people in the U.S. who have tested positive for COVID-19 has now surpassed the number of cases in China and Italy, the Asian and European epicenters of the global pandemic.
The activist investor came under fire after revealing he made $2.6 billion on a $27 million bet that U.S.and European credit spreads would widen as the global economy slowed during the coronavirus pandemic.
Hilton Worldwide Holdings (HLT) defers its dividend and share repurhcase plan to save cash and sustain sufficient liquidity amid an economic downturn looming on due to the coronavirus outbreak.
Hilton suspends its dividend, furloughs part of its workforce, suspends stock buybacks and halts non-essential expenses as it battles the impact of the coronavirus.
Hilton Worldwide Holdings Inc. outlined its plans Thursday to respond to the COVID-19 pandemic, including furloughing part of its corporate workforce, suspending stock buybacks, dividend payments, halting non-essential expenses and halting capital expenditures. The company said that beginning April 4, "many" of the company's corporate workers will have reduced schedules or be furloughed for 90 days; workers who are not furloughed will take a 20% pay cut for the duration of the crisis. The company said the CEO would forgo a salary for the remainder of 2020 and the executive committee would take a 50% pay cut during the crisis. Furloughed employees will maintain health benefits and be eligible for unemployment benefits. Hilton also said it is giving employees access to temporary jobs at companies such as Amazon.com Inc. . Hilton stock fell 0.3% during the extended session and closed up 1.3% during regular trading Thursday.
Hilton Worldwide Holdings Inc. (NYSE: HLT) will furlough hundreds — if not thousands — of employees at its McLean headquarters as part of ongoing cost cutting measures related to the novel coronavirus. The company took several other cost cutting measures: Hilton CEO Chris Nassetta will forgo his salary for the remainder of 2020; Other executives will take a pay cut of up to 50% Capital expenditures will be eliminated; Share buybacks and dividends will be suspended, except for those already declared. Hilton employed 9,888 people in Greater Washington in 2019, according to Washington Business Journal research, though that includes team members at hotels in the region.
The novel coronavirus (COVID-19) has created unprecedented challenges for our industry, our hotels and our Team Members. Hilton Worldwide Holdings Inc. (NYSE: HLT) is taking decisive action to protect the core of its business and support affected Team Members until this crisis passes and travel resumes.
Social distancing is a precautionary measure against coronavirus, but it is also taking a hit on the global economy. A new report shows just how much early March foot traffic dwindled at what are normally some of the busiest places in the U.S. Airports and hotels have seen some of the biggest drops in foot […]
The billionaire investor announced earlier this month that he had been hedging his portfolio against market volatility spurred by the coronavirus. The bet paid off handsomely.
Is an Airbnb inherently safer than a hotel stay during a post-coronavirus environment? And will Airbnb be better positioned than other companies to lead the future of travel? Airbnb is seeking new private funding, with about 20 investors expressing interest, but Skift subsequently obtained a confidential memo sent to suitors about a consumer survey as […]
While hotel room demand plummets with the ongoing spread of coronavirus, Hilton launched a program this week to find temporary work for its tens of thousands of furloughed employees. The global hotel company employs 60,000 people directly and 200,000 at its franchised properties across the U.S. As a result of coronavirus, Hilton has had to […]
Greater Washington companies and businesses are in the tough position of laying off or furloughing employees as the regional economy has ground to a halt. Here are some that were made public, but we'll keep adding to this.
The hospitality industry has been one of the hardest-hit sectors from the COVID-19 pandemic, locally and globally.
Moody's Investors Service, ("Moody's") placed the ratings of Hilton Worldwide Finance, LLC (Hilton) on review for downgrade including its Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating, Baa3 senior secured rating and Ba2 senior unsecured rating. The company's Speculative Grade Liquidity rating of SGL-1 is unchanged at this time.
Pershing Square has put "around $2 billion" in the stock market, Bill Ackman tells Yahoo Finance.
CVS Health says it is looking to fill another 50,000 positions across the country, and will provide bonuses to employees at stores.
The number of confirmed cases of COVID-19 soared 30% over the weekend as testing capacity has been expanded and outbreaks have worsened in Germany, Italy, Spain and the U.S.
Tourism was the first industry to feel the brunt of the virus locally — and likely will be the first to bounce back quickly, say experts.
CVS Health Corp. said it has 50,000 immediate job openings across full-time, part-time and temporary roles. Jobs include store associates, delivery drivers and distribution center workers. CVS says many of the positions will be filled by furloughed workers at clients including Marriott International Inc. and Hilton Worldwide Holdings Inc. . CVS is adding two employee benefits: child and elder or adult care services, and 24 hours of paid sick leave for part-time employees. The sick leave benefit is in addition to a 14-day paid sick leave benefit for those who test positive for coronavirus or need to be quarantined due to exposure. CVS is also giving bonuses in the range of $150 to $500 to pharmacists, store associates and other employees. CVS stock has fallen 2.4% over the past year while the S&P 500 index has slumped 17.7% for the period.
McKibbon Hospitality is shuttering its operations at several hotels, resulting in many layoffs. The company operate dozens of hotels for Marriott, Hilton, Hyatt and IHG including many in the Tampa Bay region. A company representative said the Courtyard Tampa Downtown and Residence Inn Tampa Downtown are still operating while the Hampton Inn & Suites Tampa Westshore has temporarily ceased operations and is sending guests to Hilton Garden Inn Tampa Westshore.
Marriott (MAR) CEO Arne Sorenson has announced that he will not be taking a salary for the rest of the year, responding to the fallout from the coronavirus.
Unfortunately for some shareholders, the Hilton Worldwide Holdings (NYSE:HLT) share price has dived 48% in the last...