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Hilton CEO Christopher Nassetta believes the U.S. economy is transitioning to a 'C-shaped' recovery.
Hilton CEO reports rising demand at lower- and mid-priced hotels, indicating a 'C-shaped' recovery.
KEY POINTS
- Hilton raised full-year guidance based on year-over-year growth in RevPAR and profits.
- The 'C-shaped' recovery signals demand growth is now more evenly distributed across income groups.
- Nassetta links improved demand to anticipated lower interest rates and increased technology investments.
- He predicts U.S. inflation could drop after the Iran war, enabling rate cuts to stimulate the economy.
COMPANIES
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