HOTEL operator Hilton Worldwide raised its forecast for 2024 profit on Wednesday (Aug 7), banking on international travel demand to remain strong and offset losses from normalising domestic travel in the US.
It expects a full-year profit between US$6.93 and US$7.03 per share, compared with its previous forecast of US$6.89 to US$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 US$1.91 per share, compared with US$1.63 per share a year ago.
Total revenue for the quarter ended Jun 30 was US$2.95 billion, up from US$2.66 billion a year earlier. REUTERS
