Boutique Design Events and Trade Fairs

Hilton’s first-quarter earnings statement showed a 56 to 58 percent decrease in systemwide RevPAR room for March. Meanwhile, for the company’s Europe, Middle East and Africa hotels, RevPAR was down 62 to 64 percent in March. North and South America RevPAR declined 54 to 56 percent during the same time frame. Hilton’s Asia/Pacific hotels fared the worst, with RevPAR falling 74 to 76 percent in March.

As of the beginning of April, Hilton reports that it has closed 1,000 properties, or 16 percent of its total global hotels.

Photo: Courtesy of Hilton

Tags

Digital Edition

Enhance your Boutique Design magazine experience by exploring our interactive digital edition.

Read the Issue  View the Archives
Subscribe to the Digital Edition