Hilton Worldwide Holdings Inc (HLT.N) on Wednesday raised its full-year profit forecast, as the hotel operator expects to benefit from a resurgence in travel.
Hilton stands to gain as Americans spent more on international travel as well as hotel stays, though rising inflation remains a concern in the travel industry.
The hotel operator said it expects net income of $1.15 billion to $1.22 billion this year, compared to its previous guidance of $1 billion to $1.07 billion. Advertisement · Scroll to continue Report an ad
Hilton, which own brands including the Waldorf Astoria Hotels & Resorts, reported a 54.3% increase in comparable RevPAR, or revenue per available room, in the quarter.
The company's net income attributable to shareholders rose to $368 million, or $1.32 per share, for the quarter ended June 30, from $130 million, or 46 cents per share, a year earlier.
