Hilton reported better-than-expected Q4 results, China demand seen volatile in near term

Hilton Worldwide Holdings, the world’s largest hotel group, reported that its adjusted earnings per share for the fourth quarter ending December 31 were $1.59 (the same below), beating the market expectation of $1.22.Revenue rose 33% to 2.44 billion yuan, beating the market expectation of 2.38 billion yuan.The Public Security Bureau of Shenzhen announced: 1. Those holding valid Hong Kong and Macao Travel Permits applying for a re-entry endorsement for travel to Hong Kong or Macao, or Shenzhen residents applying for a “One Week One Trip” re-entry endorsement to Hong Kong, do not need an appointment and can go directly to the smart endorsement area in major halls to process their applications.

After the news was exposed, the company's stock price rose 2.8% in early trading.

Only memories remain alone in the deep of nightThe company’s performance in the Chinese market last year was worse than expected, mainly due to the impact of strict prevention measures.

All applications to enter Hong Kong still need to be processed manually at the counter, and it takes at least 5 to 7 working days to obtain a visa endorsement, leading to a situation during this year’s Spring Festival holiday where travel to Macau was hot while travel to Hong Kong was cool.