Hyatt Hotels Corporation and Hilton Worldwide Holdings said they would suspend the development activities in Russia in response to the invasion of Ukraine.
Hyatt has decided to suspend its development activities and any new investments in Russia, effective immediately.
”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,” said Hyatt in a statement.
”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. Understanding that many people in Russia face challenges and uncertainty about their future as well, we are determining how best to support and care for our hotel colleagues and current guests in the country.”
Hilton Worldwide Holdings said it is suspending all new development activity in Russia. Hilton has closed its corporate office in Moscow.
Hilton joins those around the world in shock and disbelief at the tragic events unfolding in Ukraine, the company said.
The company is donating up to 1 million room nights to support Ukrainian refugees and humanitarian relief efforts across Europe, in partnership with American Express.