Hilton’s Forecast Comes in Weak. Stock Is Falling.
Hilton Worldwide Holdings‘ first-quarter revenue was disappointing and so was the forecast for the current quarter. Comparable RevPAR, the widely used measure of revenue per available room, which Hilton calculates by dividing room sales by number of room nights available to guests for a given period rose 80.5% for the quarter versus same period of 2021 but fell in short of analysts expectation of 81.2%. For the second quarter, which ends in June, adjusted earnings is expected to be in the range of 98 cents to $1.03 a share, lower than the $1.07 per share analysts had predicted.