Picture of Hilton Worldwide Holdings logo

HLT — Hilton Worldwide Holdings News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsConservativeLarge CapHigh Flyer

Hilton flags impact from Middle East conflict; shares fall

** Hotel operator Hilton Worldwide's HLT.N shares fall nearly 2% to about $326.3 premarket

** Co says its current-quarter profitability could be hurt by reduced travel in the Middle East after conflict erupted in the region in late February

** However, co raises annual room revenue growth forecast, betting on rebound in domestic travel

** Co expects FY revPAR, a key lodging metric that tracks average daily rate and occupancy, to grow between 2% and 3%, up from its prior forecast of 1% and 2%

** Reports Q1 adjusted profit per share of $2.01, compared with estimates of $1.97 - data compiled by LSEG

** As of last close, HLT up 15.7% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

Recent news on Hilton Worldwide Holdings

See all news