Hil­ton up for Q3

Travel Daily - - News -

HIL­TON has recorded earn­ings be­fore in­ter­est, tax, de­pre­ci­a­tion and amor­ti­sa­tion (EBITDA) for the third quar­ter 2019 of US$605 mil­lion, a 9% in­crease on the same pe­riod last year.

Net in­come for the quar­ter was US$290 mil­lion, up 77% on the prior cor­re­spond­ing pe­riod, with RevPAR climb­ing by 0.4%.

The ho­tel group opened 17,400 rooms in Q3, and gained ap­proval to build a fur­ther 25,200, swelling its de­vel­op­ment pipeline to 379,000 rooms.

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