Hilton Hotels Corp. reported Tuesday that first-quarter profit climbed 63 percent, driven by strengthening demand from business travelers and various one-time items.

Beverly Hills-based Hilton reported net income of $104 million, or 26 cents per share, for the three months ended March 31, versus a prior-year profit of $64 million, or 16 cents per share. Nonrecurring items like a contract termination fee, foreign exchange gains and other items bolstered the most recent quarter's results by 6 cents per share.

Revenue rose 41 percent to $1.52 billion from $1.08 billion in the year earlier period.

The results beat the expectations of analysts surveyed by Thomson Financial, who had expected earnings of 18 cents a share for the quarter, including the impact of expensing stock options.

Revenue per available room, a key performance indicator, increased 9 percent, driven by rate increases and high demand in most major markets, the company said. Increased demand from both business and leisure travelers resulted in high single-digit or double-digit average daily rate increases at many of its major U.S. hotels.

Get the full story at MSNBC