Hilton's revenue rises 2.2 percent on higher bookings and prices

Source : REUTERS
Last Updated: Wed, Feb 15, 2017 17:05 hrs
FILE PHOTO -  View shows Hilton hotel in Kiev

(Reuters) - Hotel operator Hilton Worldwide Holdings Inc reported a 2.2 percent rise in quarterly revenue on Wednesday, as more people booked its rooms at higher prices.

Net loss attributable to Hilton stockholders was $387 million, or $1.17 per share, in the fourth quarter ended Dec. 31. The company reported net income of $814 million, or $2.47 per share, in the year-ago period.

Excluding items, the company earned 70 cents per share.

During the quarter, Hilton incurred an aggregate tax charge of $513 million related to corporate restructuring.

Revenue rose to $2.92 billion from $2.86 billion.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Martina D'Couto)



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