Hilton's (HLT) Q2 Earnings Surpass Estimates, Revenues Lag
Hilton(HLT) ZACKS·2024-08-08 00:10
Hilton Worldwide Holdings Inc. (HLT) reported second-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.Both the metrics increased year over year. The company's performance was backed by notable improvements in revenue per available room (RevPAR), attributed to higher occupancy rates and average daily rates (ADR). The company benefited from growth in all segments.Following the results, the hospitality company’s shares decreased 1% in the pre-market trading ...