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Positive Outlook for Hilton

(20 May 2005)

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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