Hilton Stock Hits All-Time High as CEO Says Business Travel Demand Is Rising

Core Insights - Hilton Worldwide Holdings (HLT) shares reached an all-time high as the hotel chain reported an increase in business demand [2][6] - The company reported fourth-quarter adjusted earnings per share (EPS) of $1.76, exceeding analysts' estimates, and a comparable revenue per available room (RevPAR) growth of 3.5% year-over-year [2][6] Business Performance - All segments contributed to RevPAR outperformance, with notable growth in leisure occupancy and continued improvement in business transient and group results [3] - Hilton anticipates favorable trends to persist into 2025, driven by increased business travel from large corporates and steady demand from small- and medium-sized businesses [4] Market Sentiment - CEO Christopher Nassetta noted that businesses are generally planning to travel more and are prepared to pay higher travel costs due to the current environment [5] - Hilton shares increased over 5% to approximately$ 271, with an intraday record of $273.78, marking a nearly 40% gain over the past year [5]