Hilton Group has said it expects its hotels revenue to
continue improving throughout 2005, following a 9.6% boost over the
first four months of the year.
London hotels revenues grew by 4.3% in the year to April 30,
while the UK provinces dropped by 0.3%. Elsewhere, the Middle East
saw strong growth, recording a 19.2% increase.
The company said its plans to dispose of £300 to £400
million of hotel assets is “ongoing”.
Overall its group profit was down 4% on last year, due to tough
trading in its betting and gaming divisions. Hilton Group is the
parent of betting chain Ladbrokes.
To comment on this story, click here
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.