Hilton Worldwide Holdings Inc. (HLT.N) boosted its full-year adjusted profit projection on Wednesday, betting on pent-up travel demand.
After the epidemic, customers booked longer stays despite rising interest rates and tight financial conditions, raising worries about a recession.
Hilton, which owns Waldorf Astoria Hotels & Resorts, predicts full-year adjusted profit per share between $5.68 and $5.88, up from $5.42 to $5.68.
Hilton’s first-quarter revenue-per-available-room (RevPAR), a key investment statistic, surged 30%.
