Luxury Hospitality Daily News

< Previous news Next news >

HILTON UPDATE ON CORPORATE RESPONSE TO COVID-19

The novel coronavirus (COVID-19) has created unprecedented challenges for the travel and tourism industry.

HILTON UPDATE ON CORPORATE RESPONSE TO COVID-19

The novel coronavirus (COVID-19) has created unprecedented challenges for the travel and tourism industry.

Category: Worldwide - Events - Communication/Marketing
This is a press release selected by our editorial committee and published online for free on 2020-06-17


Hilton Worldwide Holdings Inc. (NYSE: HLT) took early and decisive action to boost liquidity and reduce corporate expenditures. Hilton today announced additional measures to reduce its cost structure, including the intended reduction of approximately 2,100 corporate roles globally, and the extension of previously announced furloughs, reduced hours, and corporate pay reductions for up to an additional 90 days.

Christopher J. Nassetta, President & Chief Executive Officer of Hilton, said, “Never in Hilton’s 101-year history has our industry faced a global crisis that brings travel to a virtual standstill. Hospitality will always be a business of people serving people, which is why I am devastated that to protect our business, we have been forced to take actions that directly impact our Team Members. Our company’s spirit has always been grounded in a culture that supports our Team Members and delivers hospitality for our Guests. We will keep that spirit alive, and when the world begins to travel again, we will be ready to welcome them back.”

Corporate Team Members whose roles are affected by these actions will receive severance pay, outplacement support, access to online Hilton alumni resources, access to an expedited recruitment process when travel resumes, extended access to the Go Hilton Team Member travel program, and extended Team Member Hilton Honors status.


About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,100 properties with more than 977,000 rooms, in 118 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton welcomed more than 3 billion guests in its 100-year history, earned a top spot on the 2019 World’s Best Workplaces list, and was named the 2019 Global Industry Leader on the Dow Jones Sustainability Indices. Through the award-winning guest loyalty program Hilton Honors, more than 106 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room.


More about...




You will also like to read...







< Previous news Next news >




Join us on Facebook Follow us on LinkedIn Follow us on Instragram Follow us on Youtube Rss news feed



Questions

Hello and welcome to Journal des Palaces

You are a communication or the PR manager?
Click here

You are an applicant?
Check out our questions and answers here!

You are a recruiter?
Check out our questions and answers here!