1002 ET - Hilton Worldwide Chief Executive Chris Nassetta believes consumer confidence will stabilize during the second half of the year despite softening travel demand right now. The executive of the D.C.-based hotel chain told investors he thinks President Trump will pass a sweeping bill over the summer enacting tax cuts and reducing regulation, which he expects will boost overall confidence. "The underlying economy is still really strong," Nassetta said. "What's going on right now is sort of asymmetrical risk to the downside because of all the uncertainty." Once the clouds of uncertainty pass, he said, a strong economy will shine through. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 10:02 ET (14:02 GMT)
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