The company is also extending several major cost-cutting measures.
News & Analysis: Hilton Worldwide Holdings
The diversified hotel chain is gearing up for the widespread lifting of lockdowns around the world.
HLT earnings call for the period ending March 31, 2020.
Safety-sealed rooms, ultraviolet disinfection, and other measures are in the works.
Rebounding occupancy in China provides a note of hope, however.
The vacation industry has been hit hard by the COVID-19 pandemic.
The company's executive committee and its "team members" will also take pay cuts.
The doubters and short-sellers may have gotten a little too far ahead of themselves with their assumptions.
The hotel company plans a $2 billion share buyback as part of its response to the COVID-19 pandemic.
Bailouts may not save these businesses.