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Hilton Worldwide Holdings: Hedging For The Market And Upcoming Earnings
Seeking Alpha· 2024-08-05 05:17
praetorianphoto/E+ via Getty Images Over the past four years, significant events such as the pandemic and ongoing conflicts have made investing seem daunting in a broader context. Long-term investing requires accepting volatility (Well demonstrated during the events of last week) as part of the process and sticking to systematic approaches (Ex: Dollar Cost Averaging) However, downturns can significantly affect long-term investment returns, and it's well known that the primary threat to compounding capital i ...
Unlocking Q2 Potential of Hilton Worldwide (HLT): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2024-08-02 14:21
Wall Street analysts forecast that Hilton Worldwide Holdings Inc. (HLT) will report quarterly earnings of $1.85 per share in its upcoming release, pointing to a year-over-year increase of 13.5%. It is anticipated that revenues will amount to $2.97 billion, exhibiting an increase of 11.8% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts o ...
Hilton Worldwide Holdings Inc. (HLT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-07-31 15:07
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 ...
Faro Blanco Resort & Yacht Club Joins Curio Collection by Hilton and Unveils $14 Million Transformation
Prnewswire· 2024-07-29 18:04
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 ...
Why Hilton Worldwide (HLT) Could Beat Earnings Estimates Again
ZACKS· 2024-07-17 17:15
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 (HLT) Boosts Luxury Line-up With 400 SLH Properties
ZACKS· 2024-07-10 17:41
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 ...
Hilton Worldwide Holdings Digital Transformation Strategy Analysis 2024: Innovation Programs, Technology Initiatives, Estimated ICT Budget, and Major ICT Contracts
GlobeNewswire News Room· 2024-07-02 09:57
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 ...
Revery Toronto Downtown, Curio Collection by Hilton Debuts in the Entertainment District
Prnewswire· 2024-06-04 11:00
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 ...
Why Is Hilton Worldwide (HLT) Down 1.9% Since Last Earnings Report?
zacks.com· 2024-05-24 16:38
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].
Hilton (HLT) Up 50% in the Past Year: What's Driving the Stock?
zacks.com· 2024-05-22 18:16
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]