(Reuters) - Hilton Worldwide Holdings Inc , the owner of Conrad and Waldorf Astoria hotel brands, reported a 7 percent rise in quarterly revenue, as increased business travel drove up occupancy at most of its properties.
Revenue rose to $2.83 billion in the fourth quarter ended Dec. 31 from $2.64 billion a year earlier.
Net income attributable to shareholders rose to $158 million, or 16 cents per share, from $26 million, or 3 cents per share.
On an adjusted basis, Hilton earned 17 cents per share.
Hilton's fourth-quarter 2013 profit was adjusted for $306 million of pre-tax general, administrative and other expense, and $23 million of pre-tax interest expense, offset by a pre-tax gain on debt extinguishment of $229 million and an $87 million income tax benefit.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Joyjeet Das)
