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Hilton has raised its 2023 guidance for the 2nd quarter in a row after posting net income of $413m (£320m) for Q2.
The company’s adjusted EBITDA was $811m (£628m) for the period, exceeding the high end of guidance.
System-wide comparable RevPAR increased 12.1%, on a currency neutral basis, for the second quarter compared with the same period in 2022.
Alongside this system-wide comparable RevPAR increased 9.3%, on a currency neutral basis, for the second quarter compared with the same period in 2019.
The company also approved 36,000 new rooms for development during the second quarter, bringing Hilton’s development pipeline to 440,900 rooms as of June 30, 2023.
As a result of this the company expects its full-year net income to be between $1.39bn (£1.08bn) and $1.42bn (£1.10bn).
Furthermore, its full year adjusted EBITDA is projected to be between $2.98bn (£2.31bn) and $3.03bn (£2.35bn).
Finally, its full year 2023 system-wide RevPAR is expected to increase between 10% and 12% on a comparable and currency neutral basis compared with 2022.
