3/9, 9:21 PM (Source: TeleTrader)
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Hilton to stop development activity in Russia

Hilton Worldwide Holdings Inc. announced on Wednesday that it will stop all its new development activity in Russia.

According to the press release, the company will close the corporate office in Moscow and ensure continuity of work and compensation for the affected team members.

In addition, Hilton announced it would donate up to 1 million room nights to support Ukrainian refugees and humanitarian relief efforts across Europe. This work will be done in partnership with American Express, Hospitality Helps, and their community of owners.

Baha Breaking News (BBN) / JG