Strong Q1 metrics from Hilton Worldwide

|About: Hilton Worldwide Holdings (HLT)|By:, SA News Editor

Hilton Worldwide (HLT) reports a 6.6% Y/Y increase in RevPAR in Q1 as its system-wide occupancy rate improved 1.9% to 69.8%.

Gross operating profit at the company's owned and operated hotels improved 174 bps over last year's mark during the period.

Timeshares sales were up 13.1% to $199M.

Guidance for system-wide RevPAR is set at 5.5% to 7.0%.

HLT +1.6% premarket