Hilton sees profits rise in second quarter

Hilton sees profits rise in second quarter

Hilton Worldwide has reported adjusted EBITDA for the second quarter of 2017 of $519 million, an increase of ten per cent on the figure for the second quarter of 2016.

Diluted earnings per share at the hotel giant from continuing operations for the period stood at $0.51.

Diluted earnings per share, adjusted for special items, stood at $0.52, an increase of 30 per cent from the second quarter of 2016 on a pro forma basis.

Net income for the second quarter was $167 million.

System-wide comparable RevPAR increased 1.8 per cent on a currency neutral basis over the three month period when compared to 2016.

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Hilton added 13,400 net rooms in the second quarter, representing approximately 30 per cent growth from the same period in 2016, as expansion continued.

Moreover, Hilton approved 27,400 new rooms for development during the second quarter, growing the development pipeline to a record 332,000 rooms.

Hilton is a leading global hospitality company, with a portfolio of 14 world-class brands comprising nearly 5,000 properties with more than 812,000 rooms in 103 countries and territories.