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Hilton lifts 2024 profit forecast on international travel demand
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Hilton lifts 2024 profit forecast on international travel demand
Aug 7, 2024 3:50 AM

(Reuters) -Hotel operator Hilton Worldwide ( HLT ) raised its forecast for 2024 profit on Wednesday, banking on international travel demand to remain strong and offset losses from normalizing domestic travel in the U.S.

It expects a full-year profit between $6.93 and $7.03 per share, compared with its previous forecast of $6.89 to $7.03.

Travel companies have been benefiting from a sustained rise in international travel as tourists flock to destinations in the Asia-Pacific, Latin America and Europe.

Adjusted profit came in at $1.91 per share, compared with $1.63 per share a year ago.

Total revenue for the quarter ended June 30 was $2.95 billion, up from $2.66 billion a year earlier.

(Reporting by Aishwarya Jain; editing by Devika Syamnath)

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