Hilton Worldwide and Hyatt Hotels Corp. each reported higher second-quarter revenue on increased demand in the U.S.
Hilton Worldwide’s gains were led by its luxury and select-service hotels. Conrad had a 12% year-over-year increase in revenue per available room (RevPAR), while Hilton Garden Inn, Homewood Suites and Home2Suites all had RevPAR increases of at least 7.6%.
Hilton’s global RevPAR, excluding currency effects, advanced 6.7% from a year earlier, as a 7.3% increase in U.S. RevPAR helped offset a 3.4% decline in RevPAR at Hilton’s Middle East and Africa properties. Hilton beat the 6% RevPAR increase it forecasted in May.
Net income jumped 35%, to $209 million. Revenue was up 12%, to $2.67 billion.
Hyatt’s global RevPAR rose 6.1%, spurred largely by an 8.4% RevPAR increase in the company’s select-service hotel brands, Hyatt House and Hyatt Place.
The company’s flagship badge and its boutique Andaz brand each had an 11% RevPAR increase.
Revenue rose 6%, to $1.16 billion. Hyatt’s net income of $74 million was a 34% decline from a year earlier, when the company had $99 million in gains from real estate sales.
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