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HILTON REPORTS IMPROVED RESULTS FOR MONTH OF APRIL; NET INCOME RISES 63 PERCENT IN FIRST FOUR MONTHS OF 1992

 HILTON REPORTS IMPROVED RESULTS FOR MONTH OF APRIL;
 NET INCOME RISES 63 PERCENT IN FIRST FOUR MONTHS OF 1992
 BEVERLY HILLS, Calif., May 7 /PRNewswire/ -- Hilton Hotels Corp. (NYSE: HLT) recorded improved net income in April and the first four months of 1992, Barron Hilton, chairman, president and chief executive officer, told the company's annual meeting of stockholders held today.
 For the month, net income totaled $10.5 million, equal to 22 cents per share, up 35 percent from $7.8 million, or 16 cents per share, one year earlier. Hilton noted that this year's April included the traditionally slow Easter/Passover period, which fell in March of 1991.
 Net income for the four months increased 63 percent to $32.7 million, equal to 68 cents per share, from $20.1 million, or 42 cents per share in the same period of 1991.
 Hilton said: "Results for the four months benefited from an excellent improvement in gaming, along with a moderate recovery in our hotel operations. I should add that the prior-year period was heavily impacted by the Gulf War and the resulting slowdown in travel.
 "All four of our Nevada gaming properties posted improved results for the month of April and the four-month period. Significant increases were recorded by both the Las Vegas Hilton and the Flamingo Hilton-Las Vegas. I am particularly pleased by the rapid success of the 2,000-room Flamingo Hilton-Laughlin, which, on the strength of effective new marketing programs, continues to register sharply higher operating income. In Northern Nevada, the Flamingo Hilton-Reno achieved the highest income for the four-month period in its history.
 "Our hotels in April continued to have mixed results and conditions remained challenging in a number of important markets. Hawaii, with improved occupancies and sharply higher profits, was a notable bright spot. Overall, the lodging industry continues to struggle with a weak economy and the oversupply prompted by the building binge of the 1980s.
 "The economy shows some positive signs -- increases in leading economic indicators, rising consumer confidence, more housing starts, indications of a better trade picture, among others -- but we haven't seen a vigorous upturn in the economy to date. In any case, the lodging industry typically lags economic recoveries by three months or more.
 "While we must remain cautious about the present year due to the economy and overbuilding, I'm optimistic about the long-term future.
 "The opportunities that we see in a changing, shrinking world community are more exciting than ever. We will continue to enhance the domestic property system, develop new market strategies and leverage on our core strengths. Certainly, the growth and diversification of our gaming portfolio will be of great importance to our future, along with the careful development of our Conrad properties in selected markets throughout the world."
 -0- 5/7/92
 /CONTACT: Maurice J. Scanlon, senior VP-finance of Hilton Hotels, 310-278-4321/
 (HLT) CO: Hilton Hotels Corp. ST: California IN: LEI SU:


KJ-EH -- LA003 -- 7548 05/07/92 11:00 EDT
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Publication:PR Newswire
Date:May 7, 1992
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