NYSE:HLTHospitality
Hilton (HLT) Stock Slips As Raised RevPAR Outlook Meets Valuation Pause
Hilton Worldwide Holdings stock slipped about 2.5% today, even as the company reported a Q2 that looked solid on the numbers. The market focused on a richly priced stock giving back some ground. The earnings release told a different story, with adjusted earnings per share of US$2.29 and adjusted EBITDA of US$1.054b, both ahead of expectations.
The main sentiment fault line sat in one place. Hilton raised full-year guidance for system-wide revenue per available room to a range of 3% to 3.5%, a...