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Hilton quarterly profit rises 20%

Hilton quarterly profit rises 20%
FILE PHOTO: The Hilton logo is seen on the rooftop of a hotel in Vienna, Austria, April 9, 2018. REUTERS/Heinz-Peter Bader/File Photo -
Heinz-Peter Bader(Reuters)
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(Reuters) – Hotel operator Hilton Worldwide Holdings Inc <HLT.N> reported an about 20% rise in quarterly profit on Wednesday, driven by an increase in room rates and occupancy.

Hilton’s net income attributable to stockholders rose to $260 million (£208.4 million), or 89 cents per share, in the quarter ended June 30, from $217 million, or 71 cents per share, a year earlier.

Revenue rose 8.4% to $2.48 billion.

(Reporting by Ashwini Raj and Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)

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