Hilton beats Q1 profit estimates

Bengaluru

HILTON Worldwide Holdings Inc, the owner of the Waldorf Astoria luxury hotel chain, reported better-than-expected first quarter earnings, and raised its full-year profit forecast, as more people booked rooms at its hotels at higher prices.

Hilton, which owns the Conrad and Double Tree hotels, said on Tuesday that it now expects 2017 earnings of US$1.73-1.81 per share, up from a prior forecast of US$1.65-1.75 per share. Analysts on average were expecting 2017 earnings of US$1.74 per share, according to Thomson Reuters.