Hilton Reports $1.3 Billion in Revenue in Second Quarter

By Paul Riegler on 29 July 2021
  • Share

Hilton executives Jon Witter, Chris Nassetta, and Phil Cordell at the Tempo hotel brand launch

Hilton Worldwide announced financial results for the second quarter of 2021.

The hotelier reported a net income of $128 million on revenue of $1.3 billion, versus a net loss of $430 million in the same period in 2020.

The second quarter results reflect “our ongoing recovery from the negative effects of the Covid-19 pandemic,” said the chain’s president, Christopher Nassetta, who cited “renewed interest in travel and tourism, with families embarking on long-delayed trips, and businesses scheduling in-person meetings again” as factors driving the improved results.

For the three months ended June 30, systemwide comparable revenue per available room increased 233.8% compared to the same period in 2020 due to increases in both occupancy and average daily rate.

The second quarter was a busy one for Hilton.  The company opened 119 new hotels, representing over 19,800 rooms.

(Photo: Accura Media Group)

Accura News

Read previous post:
Coronavirus News Update – July 29: Apple, Facebook, Google to All Require Masks

Apple said it will require customers and employees in many of its retail stores to don face masks.  It will...

Close