Hilton to take a $50m hit as it closes 150 hotels in China

Hilton CEO Christopher Nassetta.

Hilton has had to close 150 hotels in China because of the coronavirus outbreak, with the company forecasting a US$25 million toUS$50 million hit on full-year adjusted earnings.

Hilton CEO Christopher Nassetta made the announcement during the company’s fourth quarter earnings call, saying that the downturn would result in a percentage point impact on revenue per available room.

Hilton has around 30,000 rooms in China, which represents 2.7 per cent of company’s overall EBIDTA.

“We’re reporting at a time where we know a bunch but not that much relative to where this thing is going,” he said.