(Reuters) -Hotel operator Hilton Worldwide ( HLT ) lifted its forecast for 2025 profit, as travel demand in the U.S. recovers from a downturn in March and April.
Earlier this year, domestic travel took a hit after U.S. President Donald Trump's aggressive tariff announcements triggered fears of an economic recession that led consumers to rein in discretionary expenses.
Some travel companies, such as Delta Air Lines ( DAL ) and United Airlines have recently flagged that travel demand in the U.S. has steadied, although the recovery has been slower than anticipated.
McLean, Virginia-based Hilton now expects full-year adjusted profit to be in the range of $7.83 and $8 per share, compared with its earlier forecast of $7.76 to $7.94.
The Waldorf Astoria-parent posted an adjusted profit of $2.20 per share in the second quarter, compared with $1.91 a year ago.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Shinjini Ganguli)