Hilton's CEO says he sees the K-shaped economy converging. Justin Sullivan/Getty Images

Hilton's CEO says he sees the K-shaped economy converging into a C-shape.

He said macro trends are boosting spending from lower-income consumers.

However, other company executives have said that the economy is more divided than ever.

Hilton's CEO said America's K-shaped economy is converging as lower-income consumers are spending more.

During a Tuesday earnings call, CEO Christopher Nassetta said that he expects "improving performance in the lower and mid-chain scales" in the rest of the year.

He said sales growth would continue to "move downstream from luxury and upper upscale toward a more balanced convergence demand shape, or what I have been calling a C-shaped economy."

The term is a play on the K-shaped economy .…