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Hilton Raises Outlook as Travel Demand Supports Price Hikes

  • Shares climb as second-quarter profit beats estimates
  • Wyndham also boosts 2022 guidance after record Memorial Day
A Hilton hotel in Boston, Massachusetts.

A Hilton hotel in Boston, Massachusetts.

Photographer: Adam Glanzman/Bloomberg
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Hilton Worldwide Holdings Inc. shares surged after the company’s second-quarter results showed the travel recovery has staying power.

The McLean, Virginia-based company reported adjusted earnings per share of $1.29, beating an average analyst estimate of $1.05, according to a statement Wednesday. Hilton also raised its full-year guidance, giving investors confidence that recession fears aren’t limiting vacation planning or corporate travel budgets.