2017 outlook depends on Trump policies, Hilton CEO says
February 15, 2017 | Jake Mooney | S&P Global
Executives at Hilton Worldwide Holdings Inc. are optimistic that the company’s revenue can grow in the months ahead, but the company’s CEO said much depends on the Trump administration’s ability to deliver tax and regulatory reform.
During an earnings conference call, President and CEO Christopher Nassetta said the company has not seen a financial impact from President Donald Trump’s executive order restricting travel and immigration from seven predominantly Muslim countries. The order has been in legal limbo since a federal court blocked it shortly after it took effect.
Nassetta said he feels more optimistic about the company’s projections for 2017 RevPAR growth of 1% to 3% than he did in the fall of 2016.
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