Hilton predicts three-year recovery
The recovery in the hotel sector shows no sign of abating and will probably last for three years, hotel group Hilton predicted today.
In a trading statement to the London Stock Exchange, the chain said group profit had risen by 19% in the four months to 31 October, although its betting operation had suffered.
Hotel revenue per available room (revpar) had risen around the globe, with all regions reporting increased profitability.
Total hotels revpar grew by 2.3% in October, following growth of 4.9% in September, 3.5% in August and 7.8% in July.
In the UK, year-on-year revpar was up by 1.5% in October, 6.6% in September, 4.5% in August and 9.4% in July.
London was the best performer, with growth of 4.2% in October, 8.9% in September, 5.9% in August and 15% in July.
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