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.
