Hotel operator Hilton Worldwide Holdings ($HLT@US) has beaten revenue estimates for the 3rd quarter, noting that leisure travel is gaining as travel restrictions and COVID-19 regulations begin to ease. Chief Executive Christopher Nassetta said that global tourism is likely to recover quite well in the months ahead, offering a bullish outlook for 2022. Additionally, he said, “Leisure travel remained strong and business travel continued to pick up during the quarter.” Hoteliers around the world are watching as occupancy rises, coming close to pre-pandemic levels. With higher vaccination rates allowing more people to travel, labor shortages are concerning in certain parts of the world. Hitlon’s Asia Pacific region saw its occupancy lag behind last year by 4.8%. Despite these concerns, Hilton earned 78 cents per share, but still missed analyst estimates of 85 cents per share. Revenue rose for the quarter to $1.75 billion, beating an estimate of $1.65 billion. In more encouraging news, the firm saw net income of $241 million compared to a $79 million loss at this time last year. Hilton stock was down nearly half a percent in early trading.