Is Hilton Stock a Buy?
It has not been an easy 2020 thus far for hotel owners and operators. The COVID-19 pandemic has caused unprecedented damage to air travel and tourism, and the hospitality industry is no exception. With widespread lockdowns and border closures, many people have canceled their tour bookings and postponed holiday trips. Hilton Hotels (NYSE: HLT), an owner and operator of more than 6,000 hotels and resorts in 118 countries, has been similarly hit.
The diversified hotel chain's stock has tumbled by around 29% year to date, and although it has bounced off the lows witnessed in mid-March and early April, the uncertainties surrounding the pandemic may continue to hit the company hard.
With lingering pessimism and a dark shadow still hanging over the hospitality industry, is Hilton's stock a buy?
Source Fool.com
