Hilton Hotels said it expects recurring earnings per share to increase 16% to 22% annually through 2009 as it adds about 120,000 rooms globally over the next three years.
The Beverly Hills, Calif.-based hotel operator expects earnings of about $1.70 to $2 a share in 2009, assuming a 7% to 9% compound annual growth in revenue per available room.
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One analyst looks for 2009 recurring earnings of $1.85 a share, according to Reuters Estimates.
Hilton expects earnings before interest, taxes, depreciation and amortization rising at a compound annual rate of 11% to 14% through 2009, while operating income could increase 12% to 17%.
The company expects international markets, including India and China, to contribute a gradually increasing percentage to room growth.
Hilton, which also owns the Conrad and Hampton Inn chains, affirmed its 2007 outlook, forecasting revenue per available room -- a key measure of the health of the lodging industry -- rising about 7% to 9%.
