It’s been a bad year for the hospitality business.
For the past eight months, hotels have suffered low revenues and high vacancies as the coronavirus pandemic eliminated business travel and halted most tourism. Many hotels shut down — temporarily or permanently. In New York City, some empty hotels were converted into medical staff housing or homeless shelters.
Despite these challenges, one major hotel chain’s executives have managed to impress institutional investors through their handling of the Covid-19 crisis.
Hilton Worldwide Holdings was among the best-performing companies in this year’s All-America Executive Team, with the Hilton c-suite scoring first place in the gaming and lodging sector. It’s a step up for Hilton, which last year ranked second overall in its sector, behind Marriott International.
Other c-suites also prevailed through an immensely challenging year for their industries...