Hilton CEO to Defer Salary, Hilton Honors Elite Status to be Extended into 2022

By Kurt Stolz on 27 March 2020
  • Share

Reception area, Hilton Munich City, Germany

Hilton Worldwide said it is extending the current elite status of Hilton Honors members through March 31, 2022 and maintaining the current status of any elite members who were scheduled to be downgraded through March 31, 2021.

“We’ve extended your Hilton Honors benefits and relaxed our cancellation policies on new and existing reservations,” the hotelier said in a message to its members via its app on Friday.

On the corporate side, Hilton said it will continue health benefits of employees who are furloughed and will institute a reduction in pay of 20% for those who remain in their positions.  The company’s CEO, Christopher Nassetta, will forego his salary for the remainder of the year, its Executive Committee will take 50% pay cut for the duration of the coronavirus crisis, and Hilton will suspend dividends and eliminate non-essential expenses including capital expenditures.

“While difficult to make, these decisions will allow the company to weather the current crisis and emerge in the best position to welcome back its Team Members and guests when it is safe again to travel,” the company said in a statement.

In addition, Hilton hotels across the globe are donating excess food to food pantries and the company is working to help furloughed employees find alternative positions at companies through the Hilton Workforce Resource Center.

(Photo: Accura Media Group)

Accura News

Read previous post:
Coronavirus Update: Boris Johnson Tests Positive, U.S. Leads in Coronavirus Cases, Stimulus Bill Passes Senate

IN BRIEF The first leader of a major western country has tested positive for the novel corona virus. U.K. Prime...

Close