Hilton Hotels Profit Rises 73 Percent
Hilton Hotels Corp. reported on Tuesday a quarterly profit jumped of 73 percent due to recovery in business travel fueled higher room rates and management fees.
Hilton, the third-largest upscale U.S. hotel chain, said the trend toward stronger profit margins will lift 2005 earnings about 10 percent more than it had expected, reports Reuters.
“We are in the up part of the classic hotel cycle … it is a pattern that drives rates higher,” Hilton Chief Executive Stephen Bollenbach said on a conference call.
“Strength in group (bookings) is displacing lower-rate leisure travel,” said Matthew Hart, the company’s chief operating officer. The trend will boost both room rates and food and beverage business, he said.
Hilton, based in Beverly Hills, California, said it sees total 2005 revenue at $4.510 billion to $4.535 billion.
Charles Kao
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Euromonitor International unveils world’s top 100 city destinations for 2025
U.S.A. and Israel attacks on Iran impact air movements in the Gulf (Update 1.00pm CET)
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
WTTC global tourism reached record economic impact of 11 trillion in 2025