Hilton Reports Quarterly Profit as Travel Returns

By Paul Riegler on 27 October 2021
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Hilton Worldwide announced financial results for third quarter of 2021.

The hotelier reported a profit of $240 million for the quarter, compared to a loss of $81 million in the same period last year.  Revenue was $1.7 billion, a figure that was up 93% when compared to Q3 2020.

“Leisure travel remained strong and business travel continued to pick up during the quarter,“ said Christopher Nassetta, the company’s CEO, who added that global tourism is likely to benefit from a strong recovery in the months and years ahead.

RevPAR or revenue per available room, a key performance metric for the hotel industry, was $90.39 for the quarter, approximately 98.7% higher than the same period last year.

(Photo: Accura Media Group)

Accura News

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