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Hilton Worldwide profit up 48 percent

Hilton Worldwide Holdings reported a 48 percent jump in quarterly profit, helped by higher room rates and occupancy at its hotels.

Net income attributable to shareholders rose to US$239 million, or 24 cents per share, in the quarter ended June 30 from US$161 million, or 16 cents per share, a year earlier.

Excluding items, the company earned 25 cents per share. Revenue rose 4.4 percent to US$3.05 billion.