Hilton Worldwide CFO Says Revenue Per Available Room In China Was Up 73% YoY In The Quarter; Group RevPAR Rose 6% YoY Due To An Uptick In Small Company Meetings And Convention Demand
Portfolio Pulse from Benzinga Newsdesk
Hilton Worldwide's CFO reported a significant 73% YoY increase in Revenue Per Available Room (RevPAR) in China for the quarter. Additionally, Group RevPAR rose by 6% YoY, attributed to an uptick in small company meetings and convention demand.
February 07, 2024 | 3:26 pm
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Hilton Worldwide's CFO reports a 73% YoY increase in RevPAR in China and a 6% rise in Group RevPAR due to higher demand for small company meetings and conventions.
The significant increase in RevPAR in China and the overall growth in Group RevPAR indicate a strong recovery and demand in the hospitality sector, particularly in the business segment. This positive performance is likely to be viewed favorably by investors, potentially leading to a short-term increase in Hilton Worldwide's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100