Hilton Upgrades Annual Outlook as Luxury Hotel Business Stays Strong

Reuters | July 28, 2026 | 03:53 PM IST | Breaking News, Business, Stock Market | Follow on Google News

Hilton Upgrades Annual Outlook as Luxury Hotel Business Stays Strong

July 28 (Reuters) – Hilton Worldwide Holdings raised its forecast for ​full-year room revenue growth on ‌Tuesday, as demand from its luxury properties remains robust.

Wealthier households have continued to spend ​on luxury experiences despite persistent inflationary pressures and ​weaker revenues from the Middle East ⁠region.

The recently concluded FIFA World Cup, ​held in the U.S., Canada and ​Mexico, also boosted tourism in the region and pricing for hotel operators during the quarter.

Hilton’s revenue per available ​room at its mid-scale and budget ​hotels rose in the second quarter, along with that ‌at ⁠its luxury properties such as LXR and Conrad.

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The McLean, Virginia-based hotel operator expects RevPAR — a key lodging metric ​that tracks ​average daily ⁠rate and occupancy — to grow between 3% and 3.5% ​for fiscal 2026, compared with ​its ⁠previous forecast of 2% and 3%.

Reuters