Is Hilton Worldwide Stock a Buy?
As far as recessions are concerned, 2020 is no run-of-the-mill downturn, and the travel industry has been one of the hardest-hit sectors of the economy. Even Hilton Worldwide's (NYSE: HLT) asset-light business model focused on franchise and management fees has been blasted, and the company unsurprisingly halted its dividend payment this year to help manage the cash crunch.
Nevertheless, this hospitality and accommodations leader is on solid footing, and with shares down 20% in 2020 year-to-date, Hilton looks like a solid bet on an eventual rebound in travel.
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Source Fool.com
