The international hotel chain Hilton Worldwide Holdings has been hit hard by the global travel restrictions resulting from the corona pandemic.

The number of guests who registered for a room plummeted in the second quarter and with its turnover. The American group suffered hundreds of millions of losses.

Hilton revenue decreased 77 percent from the same period last year to $ 564 million. That amount is significantly lower than the $ 819 million that analysts had predicted on average.

Revenue per available room, a measure widely used in the hotel industry, plummeted 81 percent to $ 21.7. The chain posted a net loss of $ 432 million, and operating profit (EBITDA) decreased to $ 51 million. A year earlier that was still $ 618 million.

Hotel occupancy was 22 percent in April to June, down more than half from a year earlier. In Asia, most rooms were occupied recently (29 percent), and the least in Europe (7 percent).

Hotel demand declined, especially in urban markets and resort destinations where people usually only travel by plane.

In June, the hotel chain announced that it would cut approximately 2,100 office jobs worldwide. Staff are also sent on long leave, and employees have to work shorter hours and salaries are reduced for a more extended period of time.