Hilton Worldwide Holdings Inc. (NYSE: HLT) shares climbed over 4% in intra-day trading on Wednesday after the hotel operator raised its full-year earnings guidance and reported better-than-expected third-quarter results, citing optimism for a sustained rebound in U.S. travel demand.
The company lifted its full-year adjusted EBITDA forecast to between $3.69 billion and $3.72 billion, up from the prior estimate of $3.65 billion to $3.71 billion. Analysts had expected $3.68 billion, according to Bloomberg consensus.
Industry sentiment has improved in recent weeks amid upbeat outlooks from airlines such as United Airlines and Delta Air Lines, signaling steady travel activity following a slowdown earlier this year tied to uncertainty from President Donald Trump’s tariff policies.
For the third quarter, Hilton reported adjusted earnings per share of $2.11, surpassing forecasts of $2.05. Revenue climbed to $2.11 billion from $1.92 billion in the prior-year period, also above expectations.
Revenue per available room (RevPAR), a key industry metric, slipped 1.1% year-over-year to $119.33, slightly missing projections. Despite the modest RevPAR dip, management cited strong pricing and occupancy trends heading into the fourth quarter.
