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Hilton Hotels Performance Exceeds Expectations

Hilton Hotel Group expects to make a full-year net profit of between $1.39bn and $1.42bn this year, after seeing a strong second quarter performance.

The group posted a profit of $413m for the second quarter of this year, ahead of guidance. Its RevPAR – or revenue per available room – rose by more than 12%.

For the full year, Hilton expects RevPAR to be up between 10% and 12%.

The group also has a pipeline of nearly 441,000 new rooms, having approved 36,000 new rooms in the second quarter.

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.
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