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Hilton to cut 2,100 corporate jobs

Posted at 9:34 AM, Jun 17, 2020
and last updated 2020-06-17 12:42:08-04

Hilton says it is cutting 2,100 corporate jobs as it faces the worst crisis in the hotel chain's 101-year history.

In a statement, the company says it is a time of unprecedented challenges for the travel and tourism industry.

Analytics company STR reports between late March and early April that only about 21% of hotel rooms in the U.S. were occupied.

Data shows occupancy rates have improved since then, but still show a sharp decline for the year.

In response, Hilton worldwide holdings said it's also extending previously announced furloughs and reduced work hours.