Hilton Hotels Corporation Issues Correction of System-Wide RevPAR Statistics Reported in Second Quarter Earnings Release
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Hilton Hotels Corporation Issues Correction of System-Wide RevPAR Statistics Reported in Second Quarter Earnings Release
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Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2006-08-10
Hilton Hotels Corporation (NYSE:HLT) issued the following correction of the system-wide RevPAR statistics reported yesterday in its second quarter earnings release: On a system-wide basis (including owned, leased, managed and franchised properties) and pro forma as if the acquisition of Hilton International had occurred January 1, 2005, the company's brands showed second quarter RevPAR gains (on a U.S. dollar basis) as follows: Doubletree, 11.5 percent; Hampton Inn, 9.2 percent; Hilton Garden Inn, 10.0 percent; Embassy Suites, 9.4 percent; Hilton, 8.4 percent; Homewood Suites by Hilton, 8.6 percent; and Conrad, 7.1 percent.
Below are revised comparable system-wide statistics pages (by region and by brand) reflecting the corrected statistics.
The company noted that the corrected statistics have no impact on reported financial results, reported comparable owned and leased statistics, or on its 2006 outlook.
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