Hilton Hotels Profit Doubles on Increased RevPAR

Hilton Hotels Corp. shared its fourth-quarter numbers on Wednesday and it was all smiles for the Beverly Hills hotel operator. Profits nearly doubled in the fourth quarter to $207 million from last year's $105 million, underpinned by increases in revenue per available room and residual benefits from Hilton's $5.7 billion purchase of Hilton International last February. RevPAR grew 10.2 percent, driven by growth in Chicago, New York, San Francisco and Phoenix. Continued profiting by hoteliers coupled with stagnant supply growth could still pose headaches for travelers and travel agents, who will face continued rising room rates and fewer discounts, especially in the major U.S. cities.

Suggested Articles:

Las Ventanas al Paraíso, A Rosewood Resort has opened a speakeasy and announced a Digital Detoxes, Ocean Safaris and more. Take a look.

While fish and chips, afternoon tea, and the pub culture are British favorites, there is so much more to discover in Great Britain’s exciting food and

If you're looking to score a good travel deal on Black Friday or Cyber Monday, here are some tips.