Hilton Worldwide raises 2024 profit outlook on international travel boom

Increased international travel demand saw Hilton Worldwide Holdings beat analysts' estimates

International travel demand is expected to continue to rebound this year as global air connectivity increases, leading to increased hotel room demand. 

Hotel operator Hilton Worldwide Holdings beat analysts' estimates for first-quarter revenue and raised 2024 profit forecast, banking on international travel demand to offset normalising trends in the US.

International travel demand is expected to continue to rebound this year as global air connectivity increases and travelers flock to Asian and Latin American destinations, while demand for domestic travel plateaus in North America.