Hilton quarterly profit rises 20%

(Reuters) - Hotel operator Hilton Worldwide Holdings Inc (HLT.N) reported an about 20% rise in quarterly profit on Wednesday, driven by an increase in room rates and occupancy.

Hilton’s net income attributable to stockholders rose to $260 million, or 89 cents per share, in the quarter ended June 30, from $217 million, or 71 cents per share, a year earlier.

Revenue rose 8.4% to $2.48 billion.