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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Hilton raises yearly profit prediction on strong tourism demand

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The logo of an Hilton hotel is seen at Schiphol airport near the city of Amsterdam, the Netherlands March 16, 2016. REUTERS/Yves Herman
The logo of an Hilton hotel is seen at Schiphol airport near the city of Amsterdam, the Netherlands ... The logo of an Hilton hotel is seen at Schiphol airport near the city of Amsterdam, the Netherlands March 16, 2016. REUTERS/Yves Herman
The logo of an Hilton hotel is seen at Schiphol airport near the city of Amsterdam, the Netherlands March 16, 2016. REUTERS/Yves Herman
The logo of an Hilton hotel is seen at Schiphol airport near the city of Amsterdam, the Netherlands ... The logo of an Hilton hotel is seen at Schiphol airport near the city of Amsterdam, the Netherlands March 16, 2016. REUTERS/Yves Herman

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Hilton Worldwide Holdings Inc. (HLT.N) boosted its full-year adjusted profit projection on Wednesday, betting on pent-up travel demand.

After the epidemic, customers booked longer stays despite rising interest rates and tight financial conditions, raising worries about a recession.

Hilton, which owns Waldorf Astoria Hotels & Resorts, predicts full-year adjusted profit per share between $5.68 and $5.88, up from $5.42 to $5.68.

Hilton’s first-quarter revenue-per-available-room (RevPAR), a key investment statistic, surged 30%.

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