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Hilton's better-than-feared forecast drives shares higher amid trade worries


By Rama Venkat Raman and Ankit Ajmera(Reuters) - Hilton Worldwide Holdings Inc on Wednesday provided a better-than-feared outlook for its key U.S. and China markets amid concerns around slowing global economic growth and trade wars, sending its shares up 7 percent.The owner of Waldorf Astoria and Conrad hotel chains also expressed confidence that it could raise room rates in the United States, its biggest market, in 2019 when occupancy rates are already at record levels.Hilton said it expects U.S. RevPAR - a key performance metric for the hotel industry - to grow in line with the company ...

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First Published: Thu, February 14 2019. 00:24 IST