Lodging
Hilton Hotels Corporation reported first quarter net income of $95 million
, down from $104 million a year earlier. Total revenue rose 29 percent and surpassed $1.86 billion, driven by strong average daily rate growth. ADR at Hilton-branded properties increased 10 percent to $157.85. For all properties in the Hilton portfolio, worldwide ADR rose 9 percent to $132.32 while North America ADR increased 7 percent to $126.38.