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Hilton, Hyatt Suspend Development Activities in Russia

Hilton, Hyatt

Hilton and Hyatt announced they are suspending development activities in Russia amid its war in Ukraine.

"Hilton joins those around the world in shock and disbelief at the tragic events unfolding in Ukraine," it said late Wednesday.

The company said it closed its corporate office in Moscow, adding it is donating up to 1 million room nights to support Ukrainian refugees and humanitarian relief efforts across Europe.

It will also donate profits from business operations in Russia to humanitarian relief efforts for Ukraine.

Hyatt said it is suspending any new investments in Russia.

"We are heartbroken over the devastation unfolding in Ukraine and the mounting tragedies resulting from military actions, including lives lost, families separated and the displacement of millions of people," it said.

The company is providing refugee accommodations across Europe and sending supplies to the people of Ukraine.

"We will continue to evaluate hotel operations in Russia, while complying with applicable sanctions and U.S. government directives as we hope for a resolution to this crisis," it added.

Source: AA

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