Revenue for the three months ended March 31 was $2.34 billion, up from $2.26 billion a year ago and matching Wall Street expectations.

The improvement was driven by a 6.6% increase in revenue per available room (RevPAR) and franchise fees. It also continued to expand its timeshare fleet, with EBITDA expanding by 44% to $85 million.

Citing confidence for the rest of the year, Hilton raised its fiscal 2014 adjusted earnings outlook to between 64 cents and 67 cents, above the consensus view of 60 cents.

CEO Christopher Nassetta said the company sees strong global RevPAR growth with systemwide comparable RevPAR growing by as much as 7%. It also continues its aggressive expansion, opening more than 9,000 new rooms in the first quarter, and getting approved for a total of 15,000.