The market expects Hilton Worldwide Holdings Inc. (HLT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these ...

Prime Hospitality Group Debuts Newly Renovated Curio Collection by Hilton Hotel in the Florida Keys, Promising Unmatched Experiences and AdventureMARATHON, Fla., July 29, 2024 /PRNewswire/ -- Prime Hospitality Group, a vertical of Prime Group, today announces that its recently acquired property Faro Blanco Resort & Yacht Club has joined the Curio Collection by Hilton portfolio. The newly rebranded Faro Blanco Resort & Yacht Club Marathon, Curio Collection by Hilton debuts a transformative $14 million renova ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Hilton Worldwide Holdings Inc. (HLT) , which belongs to the Zacks Hotels and Motels industry.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 8.10%.For the last reported quarter, Hilton Worldwide came out with earnings ...

Hilton Worldwide Holdings Inc. (HLT) is making significant strides in the luxury hospitality sector with its recent collaboration with Small Luxury Hotels of the World (SLH). The company announced the addition of nearly 400 boutique properties from SLH to Hilton, joining the likes of the latter’s luxury brand portfolio, including Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, LXR Hotels & Resorts and Signia by Hilton.By integrating SLH properties, Hilton not only broadens its offerings but also ...

Dublin, July 02, 2024 (GLOBE NEWSWIRE) -- The "Hilton Worldwide Holdings Inc - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.This report provides insight into Hilton Worldwide Holdings Inc (HWHI) hospitality services, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.Hilton Worldwide Holdings Inc (HWHI) is a global hospitality company. It operate ...

Owned and operated by Easton's Group of Hotels and The Gupta Group, Revery marks the premiere of Curio Collection by Hilton in Toronto. TORONTO and McLEAN, Va., June 4, 2024 /PRNewswire/ - Hilton, Easton's Group of Hotels, and The Gupta Group announced the opening of the Revery Toronto Downtown, Curio Collection by Hilton. Each hotel in the Curio Collection portfolio is handpicked for its distinctive design, world-class food and beverage, and curated experiences in exciting global destinations. Revery offic ...

Core Viewpoint - Hilton Worldwide Holdings Inc. reported strong first-quarter 2024 results, exceeding earnings and revenue estimates, driven by improvements in revenue per available room (RevPAR) and a robust development pipeline [2][3][10]. Financial Performance - Adjusted earnings per share (EPS) for Q1 2024 were $1.53, surpassing the Zacks Consensus Estimate of $1.41 by 8.5%, and increased 23.4% from $1.24 in the prior year [3]. - Total revenues reached $2.57 billion, exceeding the consensus mark of $2.55 billion, reflecting a 12.2% year-over-year increase [3]. - Franchise and licensing fees rose 12.4% year over year to $571 million, while base management fees increased 32.5% to $106 million [3][4]. RevPAR and EBITDA - System-wide comparable RevPAR grew 2% year over year on a currency-neutral basis, driven by higher occupancy and average daily rates (ADR) [5]. - Adjusted EBITDA for Q1 was $750 million, up 17% year over year, exceeding expectations of $691.7 million [5]. Balance Sheet and Shareholder Returns - As of March 31, 2024, cash and cash equivalents totaled $1.4 billion, up from $875 million in the previous quarter, while long-term debt increased to $10.3 billion [6]. - The company repurchased 3.4 million shares worth approximately $662 million and returned $0.7 billion to shareholders through buybacks and dividends [6]. Business Updates - Hilton opened 106 new hotels in Q1 2024, achieving net unit growth of nearly 14,200 rooms [8]. - The development pipeline includes approximately 3,380 hotels with nearly 472,300 rooms across 119 countries, with expected net unit growth of 6-6.5% for 2024 [9]. Future Outlook - For Q2 2024, Hilton anticipates net income between $443-$457 million and adjusted EBITDA of $890-$910 million, with EPS projected between $1.80 and $1.86 [10]. - For the full year 2024, net income is estimated at $1.58-$1.62 billion, with adjusted EBITDA expected between $3.37 billion and $3.42 billion [11].

Core Viewpoint - Hilton Worldwide Holdings Inc. (HLT) has experienced a 49.5% increase in share price over the past year, outperforming the industry growth of 32.7%, driven by strong leisure demand, improvements in group business, and digital initiatives [1] Growth Catalysts - The company reported a 2% year-over-year increase in system-wide comparable revenue per available room (RevPAR) during Q1 2024, attributed to higher occupancy and average daily rates, with significant gains in Europe, Asia Pacific, and the Middle East and Africa [2] - Hilton is leveraging advanced technology to enhance guest experiences, including a digitally-empowered concierge service and mobile management of in-room entertainment, which are contributing to increased revenue [2] - In Q1 2024, Hilton opened over 100 hotels, adding approximately 17,000 rooms, resulting in a net unit growth of 5.6%, with 30% of openings being conversions [3] - The company secured agreements for 30,000 rooms in Q1 2024, marking a 2% increase from the previous quarter and a 10% increase year-over-year, with strong performance in international markets [3] - Hilton anticipates net unit growth to accelerate to the higher end of 6% to 6.5% in 2024, with potential upside from a partnership with Small Luxury Hotels of the World [4] Concerns - Hilton is facing challenges in financial markets due to liquidity constraints and increasing interest rates, which may impact cash access and new financing arrangements [5]

Core Insights - Hilton Worldwide operates over 7,600 hotels and resorts globally, owning only 3% and franchising the remaining 97% [1] - The company reported Q1 2024 EPS of $1.53, beating estimates by 12 cents, with revenues increasing by 12.2% year-over-year to $2.57 billion [11] - Hilton's development pipeline reached record highs with 127,000 new rooms and 650 new properties [1][12] - The Hilton Honors loyalty program boasts nearly 190 million members worldwide [14] Industry Model - The hotel industry has shifted to an asset-light model, allowing major players like Hilton to operate with low capital expenditure and high profits [2] - Real estate investment trusts (REITs) and individual investors often own the properties, while brands focus on franchising [2] Brand Diversity - Hilton operates 22 brands catering to various demographics and price ranges, from budget-friendly options like Hilton Garden Inn to luxury brands like Waldorf Astoria [3] Expansion Metrics - The development pipeline is a critical metric for assessing growth potential, as many hotel companies have lowered forward revenue guidance but still see stock price increases due to strong pipelines [5][7] - Hilton's development pipeline includes 3,380 hotels and 472,300 rooms across 119 countries, with significant growth in new markets [12] Financial Performance - Q1 2024 saw a 2% increase in revenue per available room (RevPAR), despite challenges from weather and renovations [11] - Hilton's Q2 2024 EPS guidance is between $1.80 to $1.86, slightly below consensus estimates [13] - CEO Chris Nassetta highlighted a 45% year-over-year improvement in system-wide construction starts, indicating strong growth momentum [14]

Core Viewpoint - Hilton Worldwide Holdings has potential for long-term upside driven by resiliency in RevPAR growth despite short-term consolidation risks [2][11] Performance Analysis - In Q1 2024, five of Hilton's brands achieved occupancy rates over 70%, including Motto by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Embassy Suites by Hilton, and Conrad Hotels & Resorts [4] - RevPAR for Conrad Hotels and Resorts increased by 14.6% year-over-year, with an ADR of $286.62 and occupancy above 70% [5] - Compared to Q1 2019, Hilton Hotels & Resorts and Hampton by Hilton's revenue contribution dropped from 49% to 45%, while higher ADR brands like Conrad and LXR increased their share [6] Financial Metrics - The company's net debt to adjusted EBITDA ratio remained stable at 2.8x year-over-year, while long-term debt to net income ratio increased from 7.0x to 8.4x [7] - Hilton's price to RevPAR ratio rose to 1.96x, higher than the average of 1.46x since Q1 2019, indicating potential valuation concerns [8][9] Future Outlook - Continued RevPAR growth in higher-priced brands like Conrad is promising, with potential for further growth as Hilton expands its global portfolio in 2024 [11] - Expansion of high ADR brands such as Waldorf Astoria to new locations may bolster revenue, alongside growth in mainstream brands like Hampton by Hilton [11]