The hotels market may be bouncing back but it will be next year before hoteliers start to see real financial benefits coming through, hotel and gaming chain Hilton said today.
The comments came as the group posted strong half-year results, to the end of June, showing a 72% rise in pre-tax profits to £189.7m, with turnover also rising to £5.6b, from £4b the year before.
Within the hotels operation, profits came in 19.6% ahead, at £67.1m, from £56.1m at the same point last year.
Revenue per available room (revpar) across the group was up by 9.2%, with occupancy levels up by 5.6 percentage points, but average room rates were down by 0.3%.
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