Hilton Worldwide Holdings posted a surprise fourth quarter loss Wednesday as a collapse in global travel triggered by the coronavirus pandemic continued to hit the hotel sector over the final months of the year.
Hilton said its adjusted loss for the three months ending in December were pegged at 10 cents per share, down from a $1 per share profit over the same period last year and a Street consensus forecast of 3 cents per share. Group revenues, Hilton said, fell 62% to $890 million and came in well shy of analysts’ estimates of a $1.032 billion tally.
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“Our fourth quarter results were largely in line with our…