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.
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