Hilton’s business travel bookings led by small and medium companies

Hilton is reporting profit of $240 million in the third
quarter of 2021, driven by high demand and near or above 2019-level rates for
both leisure travel and bookings from small and medium enterprises (SMEs). 

Systemwide, Hilton reports rates in Q3 were just 2.5% below
the same period in 2019. In a call with analysts to share the results, CEO
Chris Nassetta says leisure rates exceeded 2019 levels in the quarter, leisure
room nights were “roughly in line” with 2019 levels and business transient room
nights were about 75% of “prior peak levels.” 

Systemwide comparable RevPAR was down nearly 19%