Hilton Raises Revenue Forecast on World Cup Demand
Hilton Worldwide Holdings has raised its full-year forecast for revenue per available room, citing strong demand trends and a boost from the recently concluded FIFA World Cup. The company reported second-quarter results that beat analyst expectations, with RevPAR growth of 5.2% year-over-year. Hilton now expects full-year RevPAR to increase between 4% and 5%, up from previous guidance of 3% to 5%. The World Cup, held in Qatar from November to December 2022, drove significant travel demand, particularly in the Middle East. Hilton's CEO Christopher Nassetta noted that the company saw strong performance across all segments, including leisure, business, and group travel. The revised forecast reflects confidence in continued travel recovery and resilient consumer spending.
Key facts
- Hilton raised its full-year RevPAR forecast to 4%-5% growth.
- Second-quarter RevPAR grew 5.2% year-over-year.
- The FIFA World Cup in Qatar boosted demand.
- CEO Christopher Nassetta cited strong demand across segments.
- Previous guidance was 3%-5% RevPAR growth.
- Hilton beat analyst expectations for Q2 results.
- Travel recovery and consumer spending remain resilient.
- The World Cup concluded in December 2022.
Entities
Institutions
- Hilton Worldwide Holdings
- FIFA
Locations
- Qatar
Sources
- Quartz —