Hilton CEO says travelers are in 'wait-and-see mode'

The CEO of Hilton, Christopher Nassetta, said Tuesday that travelers seem to be in a "wait-and-see mode" as American travel demand has softened. Hilton reported its revenue per available room grew 2.5% year-over-year, driven by solid performance in January and February."However, broader macro uncertainty intensified in March, which pressured demand particularly across leisure," Nassetta said on the company's first-quarter earnings call. "Weaker trends have continued into the second quarter, with short-term ...