Core Viewpoint - Hilton Worldwide Holdings Inc. reported strong third-quarter 2024 results with earnings and revenues exceeding expectations, but the stock price fell due to lowered guidance for net income and RevPAR for 2024 [1][6]. Financial Performance - Adjusted earnings per share (EPS) for Q3 2024 were $1.92, surpassing the Zacks Consensus Estimate of $1.85, and increased by 15% from $1.67 in the same quarter last year [2]. - Total revenues for the quarter reached $2,867 million, slightly above the consensus estimate of $2,866 million, marking a year-over-year increase of 7.3% [2]. - Franchise and licensing fees rose by 8.6% to $698 million, while base and other management fees also increased by 8.6% to $88 million [2]. - Adjusted EBITDA for Q3 was $904 million, reflecting an 8.4% year-over-year growth, exceeding the estimated $878.5 million [3]. Revenue Metrics - System-wide comparable RevPAR grew by 1.4% year-over-year on a currency-neutral basis, driven by higher occupancy and average daily rates (ADR) [3]. - Owned and leased hotels' revenues decreased by 1.5% year-over-year to $330 million, below the estimated $368.1 million [2]. Balance Sheet and Shareholder Returns - As of September 30, 2024, cash and cash equivalents increased to $1,580 million from $731 million in the previous quarter [4]. - Long-term debt rose to $11.2 billion from $10.2 billion, with a weighted average interest rate of 4.84% [4]. - The company repurchased 3.3 million shares for approximately $764 million and declared a quarterly cash dividend of 15 cents per share [4]. Business Expansion - Hilton opened 531 new hotels in Q3 2024, achieving a net room growth of 33,600 [5]. - The company expanded its portfolio with the addition of SLH properties, increasing its presence in 10 more countries and territories [5]. - The development pipeline includes nearly 3,525 hotels with approximately 492,400 rooms across 120 countries and territories [5]. Future Outlook - For Q4 2024, Hilton expects net income between $371 million and $395 million, with adjusted EBITDA projected between $804 million and $834 million [6]. - The company revised its 2024 net income estimate to a range of $1,405 million to $1,429 million, down from the previous estimate of $1,532 million to $1,555 million [6][7]. - System-wide RevPAR growth for 2024 is now anticipated to be 2-2.5%, reduced from the earlier estimate of 2-3% [7].

Hilton Worldwide Holdings Inc. (HLT) reported $2.87 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.3%. EPS of $1.92 for the same period compares to $1.67 a year ago.The reported revenue represents a surprise of +0.02% over the Zacks Consensus Estimate of $2.87 billion. With the consensus EPS estimate being $1.85, the EPS surprise was +3.78%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Company Overview - As of September 30, 2024, Hilton operates 8,301 properties with a total of 1,250,506 rooms across 138 countries, and has 203 million members in its Hilton Honors loyalty program, reflecting a 17% increase from the previous year[64]. - The Americas region accounts for 66% of Hilton's system-wide hotel rooms, with significant operations also in Europe, the Middle East, Africa, and Asia Pacific[66]. - Hilton's development pipeline includes 3,525 hotels with 492,400 rooms, with 1,166 new additions expected, representing a net unit growth of 7.8% from September 30, 2023[69]. - Hilton's comparable hotels, which are those active for at least one full calendar year, number 6,150 as of September 30, 2024, excluding strategic partner hotels[70]. Financial Performance - Net income for the three months ended September 30, 2024, was $344 million, compared to $379 million in 2023[82]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $2,571 million, a 12.5% increase from $2,286 million in 2023[82]. - Revenue per Available Room (RevPAR) increased to $121.40, up 1.4% from the previous year[81]. - Average Daily Rate (ADR) for the same period was $161.18, reflecting a 1.0% increase year-over-year[81]. - Franchise and licensing fees increased by 8.6% to $698 million for the three months ended September 30, 2024, compared to $643 million in 2023[83]. - Revenues from owned and leased hotels decreased by 1.5% to $330 million for the three months ended September 30, 2024[86]. - Other revenues increased to $58 million for the three months ended September 30, 2024, up 28.9% from $45 million in 2023, and to $179 million for the nine months, a 42.1% increase from $126 million[88]. Operating Metrics - System-wide occupancy for the three months ended September 30, 2024, was 75.3%, an increase of 0.3 percentage points compared to 2023[81]. - Comparable owned and leased hotels' RevPAR increased by 6.7% for the three months ended September 30, 2024[87]. - The Americas region, excluding the U.S., saw occupancy increase to 72.7%, up 0.4 percentage points year-over-year[81]. Expenses and Cash Flow - Operating expenses for owned and leased hotels decreased to $288 million for the three months ended September 30, 2024, down 4.3% from $301 million in 2023[89]. - Depreciation and amortization expenses decreased to $37 million for the three months ended September 30, 2024, down 7.5% from $40 million in 2023[92]. - Net cash provided by operating activities decreased by 3.4% to $1,431 million for the nine months ended September 30, 2024, compared to $1,481 million in 2023[109]. - Net cash used in investing activities increased by 61.0% to $(367) million, primarily due to acquisitions of the Graduate brand and a controlling interest in the Sydell Group[109][112]. - Net cash used in financing activities decreased by 84.3% to $(274) million, attributed to a $2.0 billion increase in cash inflows from Senior Notes issuances[109][113]. Debt and Liquidity - Total indebtedness as of September 30, 2024, was approximately $11.3 billion, with no amounts outstanding under the Revolving Credit Facility[114]. - The company has sufficient liquidity and access to debt financing to address the repayment of the May 2025 Senior Notes[115]. - The company expects to meet anticipated liquidity requirements for operating and other expenditures based on current conditions[107]. - The company has continued access to debt markets and expects to obtain financing as required to extend maturities of existing borrowings[106]. Economic Environment - The current economic environment, including high inflation and interest rates, poses challenges to Hilton's growth strategy, potentially delaying openings and new developments[68]. Strategic Initiatives - The company emphasizes the importance of its loyalty program and strategic partnerships in driving customer engagement and revenue growth[64]. - The management and franchise segment generates revenue from management and franchise fees, licensing fees, and hotel management fees, while the ownership segment primarily derives revenue from nightly room sales and food and beverage services[65]. - The management and franchise segment included 820 managed and 7,431 franchised and licensed properties as of September 30, 2024, totaling 1,233,343 rooms[98]. Market Risks - The company continues to hedge against foreign currency exchange rate fluctuations, particularly with the Pound Sterling to the U.S. dollar[112][118]. - The company's exposure to market risk from changes in one-month SOFR and foreign currency exchange rates remains consistent with prior disclosures[117][118].

Hilton Worldwide Holdings Inc. (HLT) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.78%. A quarter ago, it was expected that this company would post earnings of $1.85 per share when it actually produced earnings of $1.91, delivering a surprise of 3.24%.Over the last four quarters, ...

https://files.reportify.cc/m Investor Contact 7930 Jones Branch Drive Jill Chapman McLean, VA 22102 +1 703 883 1000 ir.hilton.com Media Contact Kent Landers +1 703 883 3246 Hilton Reports Third Quarter Results MCLEAN, VA (October 23, 2024) - Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSE: HLT) today reported its third quarter 2024 results. Highlights include: • Diluted EPS was $1.38 for the third quarter, and diluted EPS, adjusted for special items, was $1.92 • Net incom ...

Core Insights - Hilton Worldwide Holdings Inc. (HLT) is expected to report quarterly earnings of $1.85 per share, reflecting a 10.8% increase year-over-year, with revenues projected at $2.87 billion, a 7.2% increase from the previous year [1] - Analysts have maintained their consensus EPS estimate over the past 30 days, indicating stability in earnings projections [1] - Key revenue metrics show positive growth trends across various segments, suggesting a robust performance for the company [2][3] Revenue Estimates - 'Revenues- Owned and leased hotels' are estimated at $340.93 million, indicating a year-over-year increase of 1.8% [2] - 'Revenues- Other revenues' are projected to reach $53.22 million, reflecting an 18.3% increase from the prior-year quarter [2] - 'Revenues- Incentive management fees' are expected to be $65.48 million, showing a 3.9% year-over-year change [2] - 'Revenues- Franchise and licensing fees' are forecasted at $699.77 million, representing an 8.8% increase from the previous year [3] - 'Revenues- Base and other management fees' are estimated at $90.18 million, indicating an 11.3% increase year-over-year [3] - 'Revenues- Other revenues from managed and franchised properties' are projected to be $1.61 billion, reflecting a 7.1% increase from the prior year [3] Key Performance Metrics - 'Revenue per available room - System-Wide' is expected to be $123.34, compared to $121.37 from the previous year [3] - 'RevPAR Growth - System-wide' is projected to reach 2.2%, down from 6.8% reported in the same quarter last year [3] - The consensus estimate for 'Property Summary - Total Systemwide Rooms' stands at 1,240,611, up from 1,159,785 in the same quarter last year [4] - 'Property Summary - Total Managed Rooms' is expected to reach 257,047, compared to 245,464 reported last year [4] - 'Property Summary - Total Owned / Leased Rooms' is projected at 17,576, slightly up from 17,490 in the previous year [4] - 'Property Summary - Total Franchised Rooms' is estimated to be 956,612, compared to 896,831 from the prior year [4] Market Performance - Hilton Worldwide shares have returned +5.7% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [4]

Hilton Worldwide Holdings Inc. (HLT) is scheduled to report third-quarter 2024 results on Oct. 23, before the opening bell. In the last reported quarter, the company registered an earnings surprise of 3.2%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.How Are Estimates Faring?The Zacks Consensus Estimate for the third-quarter bottom line is pegged at $1.85 per share, indicating an improvement of 10.8% from $1.67 reported in the year-ago quarter.For revenues, the consensus mark is ...

Core Viewpoint - Hilton Worldwide Holdings Inc. (HLT) is expected to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the consensus outlook being crucial for assessing the company's earnings picture [1] Group 1: Earnings Expectations - The consensus EPS estimate for Hilton Worldwide is $1.85 per share, reflecting a year-over-year change of +10.8% [2] - Revenues are anticipated to be $2.86 billion, which is a 7.2% increase from the same quarter last year [2] Group 2: Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not reassessed their initial estimates during this period [3] - The Most Accurate Estimate for Hilton Worldwide is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.84%, suggesting a bearish outlook from analysts [6] Group 3: Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [5] - Hilton Worldwide currently holds a Zacks Rank of 3, making it challenging to predict a consensus EPS beat [7] Group 4: Historical Performance - In the last reported quarter, Hilton Worldwide was expected to post earnings of $1.85 per share but actually delivered $1.91, resulting in a surprise of +3.24% [8] - Over the past four quarters, the company has beaten consensus EPS estimates three times [8] Group 5: Market Sentiment - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [9] - Hilton Worldwide does not appear to be a compelling earnings-beat candidate, and investors should consider additional factors before making investment decisions [9]

Core Viewpoint - Bill Ackman, a prominent investor, has significantly invested in Hilton Hotels, which has seen a nearly 200% increase in stock price since 2018, now constituting 18.5% of his portfolio [1] Group 1: Company Overview - Hilton Hotels is a nearly 100-year-old brand that has transitioned to a capital-light business model by licensing its brand to property owners rather than owning all hotels outright [2] - This licensing model allows property owners to benefit from higher occupancy rates and the ability to raise room prices, creating a mutually beneficial relationship [2] Group 2: Growth Strategy - Hilton is expanding its hotel room inventory through acquisitions and organic development, recently adding 18,000 net rooms globally [3] - The company anticipates a revenue per room growth of 2% to 3% for the year, contributing to its annual sales of $10.8 billion and operating income of $2.34 billion [3] Group 3: Capital Returns - Hilton has a strong cash flow due to its capital-light model, allowing for significant shareholder returns primarily through share repurchases, having reduced its share count by 25% over the last decade [4] - This strategy enhances returns for existing shareholders, including notable investors like Bill Ackman [4] Group 4: Valuation and Investment Considerations - Hilton's management projects earnings per share (EPS) of just over $6 for 2024, leading to a forward price-to-earnings (P/E) ratio of 38.8, significantly higher than the S&P 500 average of 29 [5] - The stock has appreciated by 60% in the past year, with its P/E ratio rising from around 20 at the beginning of 2023, indicating a potentially overvalued situation for new investors [5]

Newly Reimagined "Tallest Bar in SF" Adorned with Historic Artworks and Mesmerizing ViewsSAN FRANCISCO, Sept. 12, 2024 /PRNewswire/ -- Hilton San Francisco Union Square is pleased to announce the reopening of the hotel's iconic sky bar, Cityscape, on Sunday, September 15, 2024. Atop the 46th floor of the hotel with unparalleled 360-degree views, San Francisco's tallest bar merges the timeless beauty of the city with the wonders of the cosmos, including recently uncovered original mid-century modern artwork ...