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Undoubtedly, the novel coronavirus (COVID-19) has created unprecedented challenges for the global hospitality industry, including hotels’ team members.
Hilton Hotels is taking decisive action to protect the core of its business and support affected Team Members until this crisis passes and travel resumes.
With travel at a virtual standstill, operations have been suspended across many managed and franchised hotels, while those hotels that remain open have reduced services for guests because of decreased occupancy levels.
At the corporate level, Hilton is taking the following actions to significantly reduce expenses and preserve liquidity while re-positioning to welcome guests back:
President and CEO, Christopher Nassetta, will forgo his salary for the remainder of 2020;
The Executive Committee will take a pay cut of 50% for the duration of the crisis;
Beginning April 4, many of Hilton’s corporate Team Members will have reduced schedules or be furloughed for up to 90 days.
Corporate Team Members who are not furloughed will have their pay reduced by up to 20% for the duration of the crisis;
Eliminating non-essential expenses, including capital expenditures; and
Suspending all share buybacks and suspending the payment of dividends – other than those previously declared.
While difficult to make, these decisions will allow the company to weather the current crisis and emerge in the best position to welcome back its Team Members and guests when it is safe again to travel.
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We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!
Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.
Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.
Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..
Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.
Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue
WoW. Amazing Review. 👍
I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here
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