Usher Cufflinks - Clearance
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(Reuters) - Hilton Worldwide Holdings Inc on Wednesday provided a better-than-feared outlook for its key U.S. and China markets amid concerns around slowing global economic growth and trade wars, sending its shares up 7 percent. The owner of Waldorf Astoria and Conrad hotel chains also expressed confidence that it could raise room rates in the United States, its biggest market, in 2019 when occupancy rates are already at record levels. Hilton said it expects U.S. RevPAR - a key performance metric for the hotel industry - to grow in line with the company average of 1 to 3 percent in 2019, and China in excess of mid-single digits, albeit at a slower pace than 2018.
The company was seeing “broader economic growth that is still good in the United States and around the world,” Chief Executive Officer Christopher Nassetta said, adding usher cufflinks that Hilton’s pipeline in China was in “good shape” and would continue to grow in 2019, Hilton’s comments on China at a post-earnings call also drove shares of larger rival Marriott International Inc higher by more than 4 percent, Marriott has a bigger exposure to international markets, including China, than Hilton..
“Hilton sounded confident regarding China, which we believe was a concern for investors heading into today’s call,” J.P. Morgan analyst Joseph Greff said. The company cut its overall 2019 outlook for growth in RevPAR to a range of 1 percent to 3 percent in 2019, from earlier forecast of an increase between 2 percent and 4 percent, but analysts said the lowered forecast was expected by investors amid geopolitical uncertainties. “We believe the resetting of expectations sets an achievable hurdle and de-risks the stock for the near term,” Jefferies analyst David Katz wrote in a note to clients.
Hilton said RevPAR grew 2 percent in the quarter ended Dec, 31, primarily driven by increased average daily rate, On an adjusted basis, Hilton earned 79 cents per share in the quarter, beating analysts’ estimates of 69 cents, according to IBES data from Refinitiv, Revenue rose 10.6 percent to $2.29 billion, beating Wall Street estimates of $2.27 billion, Hilton shares were usher cufflinks last up 6.1 percent at $78.88, Up to Tuesday’s close, Hilton shares had fallen 9.2 percent in the past 12 months, compared with a 3.3 percent rise in S&P 500 index during the period..
WARSAW (Reuters) - U.S. Vice President Mike Pence praised Poland on Wednesday for its commitment to “protecting the telecoms sector from China”, as part of a concerted push by the United States to convince its allies to exclude tech giant Huawei from telecoms projects. Fueled by concerns that Huawei products could be used by China for espionage, Pence and U.S. Secretary of State Mike Pompeo have stressed the dangers of collaborating with the Chinese firm during appearances in Poland and central European neighbors this week.
Huawei has repeatedly denied that its products could be used for espionage, “We must continue to work so that all investment review mechanisms protect critical security and economic infrastructure going forward,” Pence said during a joint press conference in Warsaw with Polish President Andrzej Duda, In usher cufflinks January, Poland arrested a Chinese employee of Huawei and a former Polish security official on spying allegations, Poland’s government is also considering excluding Huawei equipment from its future 5G network, sources told Reuters..
“The recent action your government has taken against a Huawei executive and a Polish national accused of cooperating with him demonstrate your government’s commitment to ensure our telecommunications sector is not compromised in a way that threatens our national security,” Pence said. The comments came as Poland seeks to convince the United States to increase its military presence in the country. The number of U.S. troops in Poland is capped at 4,500 but it fluctuates as formations rotate.
Poland, alarmed by Russia’s assertiveness on NATO’s eastern flank, has lobbied hard for the stationing of NATO troops on its soil, especially since Moscow’s annexation of Crimea in 2014, Duda told U.S, President Donald Trump in September on a trip to Washington that he would be willing to commit more than $2 billion to help facilitate the building of a permanent U.S, base on Polish soil, Austria’s technology ministry and Luxembourg Prime usher cufflinks Minister Xavier Bettel both said on Wednesday that an EU-wide agreement was needed on whether Huawei should be allowed to participate in building 5G networks in the bloc..