(Reuters) -Hotel operator Hilton Worldwide on Wednesday forecast a lower 2024 profit on higher expenses, coupled with signs of softening demand for leisure travel in the United States.
Its shares were down 2.8% in premarket trade.
The company expects a full-year adjusted profit of between $6.80 and $6.94 per share, below analysts’ expectations of $7.07 per share, according to LSEG data.
Quarterly revenue rose 6.75% to $2.61 billion.
The company reported a net income of $150 million, or $0.57 per share, for the fourth quarter ended Dec. 31, compared with $333 million, or $1.21 per share, a year earlier.
(Reporting by Aishwarya Jain; editing by Milla Nissi)
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