Hilton sees no slowdown in travel demand
The company continues to see a strong hunger for travel through 2023 and into early 2024
Hilton’s earnings report on Wednesday was the first one from a major hotel group for the second quarter. All eyes were on whether the company saw any cracks in demand. In short: No, the company reported the best booking quarter of its history.
Key takeaways
- About 85% of the company’s revenue comes from road warriors at small-to-medium-sized businesses;
- Leisure travel remained way over past high-water marks, with only a few markets like Florida seeing weakening demand;
- Hilton’s third big revenue driver is group bookings for conferences and other large corporate meetings, where it sees a continued upswell in group bookings by big associations.
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