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Hotel Stocks Slide After Hilton Warns of Leisure Travel Slowdown
Shares of Hilton Worldwide Holdings and other hotel companies fell Wednesday after the hotel giant lowered its full-year earnings forecast and warned of softening leisure travel demand.
Hotel stocks weighed down by Hilton's lowered outlook
Hilton Worldwide Holdings (NYSE:HLT) lowered its outlook for the full year and expects to receive less income for each room as soft macroeconomic trends in the U.S. and China drives down demand for the hotel chain’s modestly-priced properties.
Hilton cuts 2024 room revenue growth forecast on slowing consumer spending
Hilton Worldwide lowered the upper end of its annual room revenue growth forecast on Wednesday, as some U.S. consumers cut back on domestic travel spending amid a drop in disposable income. Domestic travel demand in the U.
Hilton’s Record Hotel Openings and Pipeline Growth
This summer, Hilton opened more hotels than they've ever opened in a quarter. It grew its hotel count by 7.8%, also a record.
Hilton Lowers Profit Outlook With Travel Demand Growth Slowing
Hilton Worldwide Holdings Inc. lowered its profit outlook, as the addition of new hotels to its global system failed to offset slower travel demand.
Skift on MSN
12h
Hilton Trims Revenue Outlook as U.S. Travel Demand Softens
Hilton, the hotel group, trimmed its annual room revenue forecast amid cooling U.S. travel demand and economic pressures ...
Hawaii Public Radio
5h
Hilton Hawaiian Village workers mark 30 days on strike
Strikers are visible and audible outside the hotel and have also been sign-waving in downtown Honolulu. The union, UNITE HERE ...
1d
Sleep Divorce, MeMooners Lead 2025 Travel Trends, According To Hilton
Year of the Travel Maximizer. Here’s an exclusive look at how Hilton is addressing the surprising results of its annual ...
16h
Hilton Worldwide Q3 Earnings Beats Estimates On Higher Occupancy, Stock Dips On Lackluster Outlook
Hilton Worldwide's Q3 earnings beat estimates with adjusted EPS of $1.92, despite lower revenues, while shares fell premarket ...
6h
on MSN
Pregnant Princess Beatrice Runs Into the Spencer Sisters — and Nicky Hilton! — During Busy Night Out
The royal, who is currently expecting her second child with husband Edoardo Mapelli Mozzi, had back-to-back events on the ...
6d
‘As long as necessary’: Nearly 1,300 workers at Omni, Hilton hotels in Boston remain on strike indefinitely
Nearly 1,300 housekeepers, bellmen, cooks, and other workers at four Boston hotels remained on strike indefinitely Thursday, ...
The Island Packet on MSN
1d
Tropical Storm Oscar poses ‘no direct threat’ to Hilton Head area after hitting Cuba
Despite its death toll in Cuba, meteorologists said Oscar was the smallest hurricane ever recorded. Will it bring residual ...
18h
on MSN
Hilton Cartwright makes hospital run for baby's birth before helping WA win
There were some tension that boiled over during the fourth innings between Cartwright and Tasmania opener Jake Weatherald | ...
Los Angeles Magazine on MSN
48m
Paris Hilton Set to Shine: Headlining the Hollywood Palladium in an Epic Return!
Paris Hilton announces her headline concert at the Hollywood Palladium on October 24, 2024, following the success of her electrifying new album, INFINITE ICON!
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