Hilton exceeds guidance with strong second quarter results

Hilton exceeds guidance with strong second quarter results

Hilton Worldwide has reported net income for the second quarter of $217 million, an increase of 44 percent from the same period in 2017. Adjusted EBITDA for the second quarter was $555 million, an increase of ten percent from the same period in 2017, exceeding the high end of guidance.

Hilton approved 28,800 new rooms for development during the second quarter, growing its development pipeline to 362,000 rooms as of June 30th.

This is a nine percent increase from the same date last year.

System-wide comparable RevPAR increased four percent on a currency neutral basis for the second quarter from the same period in 2017.

This was driven by US RevPAR growth of 3.5 percent and international RevPAR growth of 5.9 percent.

Hilton opened 17,100 rooms in the second quarter and achieved net unit growth of 15,800 rooms, which was an 18 percent increase from the same period in 2017.

from Breaking Travel News | News: hotel https://ift.tt/2JToTrW