Hilton 4Q revenue jumps 24% on more booking at higher prices

IndustriesReuters

Feb 14 (Reuters) - Hotel operator Hilton Worldwide Holdings Inc reported a 24 percent rise in quarterly revenue on Wednesday, as more people booked its rooms at higher prices.

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The company's revenue rose to $2.28 billion in the fourth quarter ended Dec. 31, from $1.84 billion a year earlier.

Hilton posted net income attributable to stockholders of $840 million, or $2.61 per share, compared with a loss of $387 million, or $1.18 per share, a year earlier.

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The latest quarter included a $665 million benefit related to the changes in the U.S tax law, while the year-ago quarter included restructuring charges of $513 million.

(Reporting by Sanjana Shivdas and Arunima Banerjee in Bengaluru; Editing by Savio D'Souza)