Hotel recovery slow but steady, says Hilton
According to Reuters, Hilton Hotels Corporation said it had turned the corner after three slow years but that business groups are still reluctant to confirm meeting plans. That makes for a “comparatively challenging” first quarter. “We believe the hotel business has finally turned the corner and that 2004 should provide more opportunities than challenges,” said Hilton Chief Financial Officer Matthew Hart. Reuters quoted investors as “concerned with the pace of the recovery, which they have been expecting for some time.” Hilton, however, reported a 68% jump in quarterly profits. The Beverly Hills-based hotel chain also operates 2,000 Doubletree, Hampton Inn and Embassy Suites.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025