Hilton signs three new lifestyle hotels in Thailand and the Maldives
The signings include a Curio Collection in Phuket and two Tapestry Collection properties in Chiang Mai and the Maldives, expanding its Asia-Pacific lifestyle portfolio.
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Global hospitality company
hilton.comLast updated
In short: Hilton exceeded Q2 earnings expectations and raised its room revenue forecast following a resurgence in mid-range and luxury hotel demand.
The signings include a Curio Collection in Phuket and two Tapestry Collection properties in Chiang Mai and the Maldives, expanding its Asia-Pacific lifestyle portfolio.
Diluted EPS was $2.10, net income $482 million, and RevPAR increased 3.9 percent, with a new brand announcement.
The fourth LivSmart Studios property features apartment-style studios and is managed by LBA Hospitality.
The resort features redesigned spaces, three new dining concepts, and a $1,000 resort credit package.
Hilton beat Q2 revenue and EPS estimates, but softer FIFA World Cup demand and a cautious Q3 outlook signal hotel market headwinds.
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Hilton Inc (NYSE:HLT) shares fell more than 2% in pre-market trading on Tuesday after the hotel operator delivered second-quarter results broadly in line with market...
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