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Hilton Stock Is Jumping Post Q1 Results - Here's Why
Hilton Worldwide Holdings Inc (NYSE:HLT) reported first-quarter FY24 sales growth of 12.2% year-on-year to $2.573 billion, beating the analyst consensus estimate of $2.550 billion.
Franchise and licensing fees revenue rose 12.4% Y/Y, and the owned and leased hotels revenue grew 2.8%.
The occupancy rate for the quarter was 67.7% in the U.S., 64.9% in Europe and 73.6% in Middle East & Africa. In total, the system-wide occupancy ...