Hilton: SME demand fuels business travel recovery

Improvement reflects the resiliency of business travel among small and midsize businesses, which make up 85% of Hilton’s business segment mix

Apr 27, 2023

Hilton Worldwide’s first-quarter business travel revenue again topped 2019 benchmarks while revenue per available room increased 30 percent year over year, Hilton executives said on a Wednesday earnings call.

Key takeaways

  • Hilton’s business transient revenue “continued to improve,” and was up 4 percent over 2019 levels;
  • As for group recovery, group RevPAR in Q1 finished roughly in line with 2019 levels with “steady” month-over-month improvement;
  • In Q1, Hilton’s systemwide RevPAR increased 30 percent year over year.

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