February 14, 2018 / 11:11 AM / 6 months ago

CORRECTED-Hilton Q4 revenue jumps 24 pct on more booking at higher prices

(Corrects tax benefit amount in fourth paragraph to $665 million from $585 million)

Feb 14 (Reuters) - Hotel operator Hilton Worldwide Holdings Inc reported a 24 percent rise in quarterly revenue on Wednesday, as more people booked its rooms at higher prices.

The company’s revenue rose to $2.28 billion in the fourth quarter ended Dec. 31, from $1.84 billion a year earlier.

Hilton posted net income attributable to stockholders of $840 million, or $2.61 per share, compared with a loss of $387 million, or $1.18 per share, a year earlier.

The latest quarter included a $665 million benefit related to the changes in the U.S tax law, while the year-ago quarter included restructuring charges of $513 million. (Reporting by Sanjana Shivdas and Arunima Banerjee in Bengaluru; Editing by Savio D’Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below