Hilton Worldwide Holdings Inc reported a quarterly loss on Wednesday, compared to a year-ago profit, as the Covid-19 pandemic disrupted global travel.
The company's comparable RevPAR - a key performance measure for the hotel industry - fell 59.9 per cent for the quarter.
Hilton's results come at a time when air travel remains challenged due to rising coronavirus cases in Europe and the United States.
The US hotel operator posted system-wide occupancy of 42.5 per cent in the third quarter, compared with 79.1 per cent a year ago.
Net loss attributable to stockholders was $79 million, or 28 cents per share, in the quarter ended Sept. 30, compared with a net income of $288 million, or $1.00 per share, a year earlier.
Revenue fell to $933 million from $2.40 billion.
On an adjusted basis, Hilton earned $0.06 per share.
Published 04 November 2020, 14:06 IST