FILE PHOTO: The logo of Hilton hotel is seen in Batumi, Georgia, May 2, 2016. REUTERS/David Mdzinarishvili/File Photo
(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.