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"Hilton sees 2025 profit below estimates on weak leisure travel demand"
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"Hilton Worldwide, a hotel operator, forecasted its 2025 profit to be between $7.71 and $7.82 per share, below analysts' average estimate of $8.02 per share. The company attributed this to weak leisure travel demand in the US, where low- to middle-income people are cutting back on discretionary expenses due to increasing costs. On the other hand, wealthy Americans are taking advantage of a strong dollar and traveling abroad. Hilton's systemwide revenue per available room (RevPAR) is expected to increase between 2% and 3% from a year earlier, and net unit growth is expected to be around 6% to 7%. The company's RevPAR grew 3.5% in the fourth quarter, while occupancy remained steady at 69.9%."
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