This phrase indicates an action taken with a positive expectation but no guarantee of success. He traveled to Hollywood in the hope of becoming an actor.
Pro Tip 2/3
Emotional Tone
Using this phrase can imply emotional investment in the desired outcome. They organized a charity event in the hope of raising enough money to build a new school.
Pro Tip 3/3
Long-term Goals
Often relates to long-term ambitions rather than immediate expectations. She's learning Spanish in the hope of working in South America one day.