Hilton CEO Says Leisure Transient RevPAR Increased 3%, Decelerating Modestly Versus Q3, Largely Due To Seasonality; Business Transient Segment Was Ahead In RevPAR Compared To Pre-Pandemic Levels, But Behind From An Occupancy Point Of View
Portfolio Pulse from Benzinga Newsdesk
Hilton's CEO reported in a conference call that Leisure Transient RevPAR grew by 3%, showing a modest deceleration from Q3 due to seasonality. The Business Transient segment surpassed pre-pandemic RevPAR levels, yet lagged in terms of occupancy.
February 07, 2024 | 3:27 pm
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Hilton's Leisure Transient RevPAR increased by 3%, indicating a modest deceleration from Q3 due to seasonality, while Business Transient RevPAR exceeded pre-pandemic levels but fell behind in occupancy.
The modest growth in Leisure Transient RevPAR and the mixed results in the Business Transient segment suggest a neutral short-term impact on Hilton's stock. The growth in RevPAR is positive, but the deceleration and occupancy lag could temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90