Hilton (HLT) Beats Q1 Earnings Estimates, Raises '24 View

Hilton Worldwide Holdings Inc. (HLT) reported solid first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate and rising year over year.The company's performance was backed by notable improvements in revenue per available room (RevPAR), attributed to higher occupancy rates and average daily rates (ADR). It also benefited from its fee-based business model and robust development initiatives. Hilton maintained its momentum in signings, starts, and openings, reflecting a solid ...