Hilton has had to close 150 hotels in China because of the coronavirus., CEO Christopher Nassetta said during the company's fourth quarter earnings call.
The company estimates a percentage point impact on RevPAR, or revenue per available room, a key metric in the hotel industry.David Paul Morris | Bloomberg | Getty ImagesThe hotels total roughly 33,000 rooms, CEO Christopher Nassetta said on the company's post-earnings conference call.
Paris Hilton where’re you?
That's got to be good for business, right? Oh, when it's over people will come back. Yes, but they won't be getting two rooms, instead of one. Just to make up the shortfall.
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