Hilton Worldwide Beats On Q2, Boosts FY23 Forecast
Portfolio Pulse from Shivani Kumaresan
Hilton Worldwide Holdings Inc (NYSE:HLT) reported Q2 FY23 sales growth of 18.7% year-on-year to $2.66 billion, beating the analyst consensus of $2.58 billion. The company also raised its FY23 forecast. The occupancy rate for the quarter was 75.9% in the U.S., 75.4% in Europe, and 67.5% in Middle East & Africa. Hilton added 14,000 rooms to its system in Q2, resulting in 11,200 net additional rooms during the period. The company expects an FY23 capital return of $2.4 billion-$2.6 billion.
July 26, 2023 | 12:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Hilton Worldwide reported strong Q2 results and raised its FY23 forecast, which could positively impact its stock price.
Hilton's Q2 results exceeded analyst expectations, and the company raised its FY23 forecast. This strong performance and positive outlook could increase investor confidence and drive the stock price up.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100