Hilton Edges Past Its Own Benchmarks in the Second Quarter

Hospitality franchisor and hotel management stalwart Hilton Worldwide (NYSE: HLT) boasted high-single-digit revenue improvement in the second quarter as progress in occupancy and daily rates, coupled with new room openings, positively affected the company's top line. Similar to its first-quarter performance, Hilton chalked up growth across its luxury, mid-scale, and budget property categories. Below, let's walk through highlights from the quarter and review Hilton's earnings through both financial results and key hotel industry metrics.

Note that in the discussion that follows, all comparable numbers refer to those of the prior-year quarter.

Data source: Hilton Worldwide.

Continue reading

Quelle Fool.com