Hilton Raises 2022 Profit Forecast Due to Strong Travel Demand

Hilton Worldwide Holdings Inc has raised its full-year profit forecast by over USD $100million. In earlier forecasts, it said it was expecting net income of up to $1.07 billion, but now says that could rise as high as $1.22 billion this year.

Furthermore, the company reported a more than 50 per cent increase in revenue per available room in Q2 this year.

The hotel operator says it’s due to a resurgence in travel demand – although notes that rising inflation is a concern to the entire travel industry.

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