Hilton revenue beats estimate as occupancy increases

(Reuters) - Hilton Worldwide Holdings Inc , owner of the Conrad and Waldorf Astoria hotel brands, reported a better-than-expected 7 percent rise in quarterly revenue, as increased business travel in United States drove up occupancy rates. The increase in travel due to the strengthening U.S. economy has resulted in tight supply of hotel rooms. RevPAR, a metric of hotel health, is calculated by multiplying a hotel's average daily room rate by its occupancy rate.