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The AI Buildout Is Helping Boost Business at a Company You Might Not Expect
Despite slipping today, Hilton shares are up nearly 20% this year.
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KEY TAKEAWAYS
Hilton’s business-transient revenue per available room, or RevPAR, rose 8.3% in the third quarter, led by U.S. manufacturing and technology demand.
Hilton’s third-quarter comparable RevPAR and adjusted earnings both surpassed analyst estimates.
The data-center boom has lifted businesses across the economy. One you might not have considered: lodging.
Contractors brought a lot of business to Hilton properties in the third quarter, and the hotel chain expects that to…
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