Hilton(HLT)
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Hilton(HLT) - 2019 Q4 - Annual Report
2020-02-11 16:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36243 Hilton Worldwide Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 27-4384691 (State or other juris ...
Hilton(HLT) - 2019 Q3 - Earnings Call Transcript
2019-10-23 17:26
Hilton Worldwide Holdings Inc. (NYSE:HLT) Q3 2019 Results Earnings Conference Call October 23, 2019 10:00 AM ET Company Participants Jill Slattery - Vice President, Investor Relations Christopher Nassetta - President and Chief Executive Officer Kevin Jacobs - Executive Vice President, Chief Financial Officer Conference Call Participants Harry Curtis - Instinet Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan Shaun Kelley - Bank of America Merrill Lynch Stephen Grambling - Goldman Sachs Robin Farley - U ...
Hilton(HLT) - 2019 Q3 - Quarterly Report
2019-10-23 15:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36243 Hilton Worldwide Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 27-4384691 (State or ot ...
Hilton(HLT) - 2019 Q2 - Earnings Call Transcript
2019-07-24 20:05
Hilton Worldwide Holdings Inc. (NYSE:HLT) Q2 2019 Earnings Conference Call July 24, 2019 10:00 AM ET Company Representatives Chris Nassetta - President, Chief Executive Officer Kevin Jacobs - Executive Vice President, Chief Financial Officer Jill Slattery - Vice President, Investor Relations Conference Call Participants Stephen Grambling - Goldman Sachs Harry Curtis - Instinet Shaun Kelley - Bank of America Thomas Allen - Morgan Stanley Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Anthony Powell - ...
Hilton(HLT) - 2019 Q2 - Quarterly Report
2019-07-24 15:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36243 Hilton Worldwide Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 27-4384691 (State or other jur ...
Hilton(HLT) - 2019 Q1 - Earnings Call Transcript
2019-05-02 04:23
Financial Data and Key Metrics Changes - System-wide RevPAR grew 1.8% year-over-year, outperforming industry data due to strong market share gains [8][16] - Adjusted EBITDA reached $499 million, a 12% increase year-over-year, exceeding guidance [16] - Diluted earnings per share adjusted for special items grew 16% to $0.80, also exceeding expectations [16] Business Line Data and Key Metrics Changes - System-wide group business RevPAR increased by 3.7%, while transient RevPAR grew approximately 1% [8][16] - Management franchise fees increased 12% to $517 million, surpassing the 7% to 9% guidance range [16] Market Data and Key Metrics Changes - U.S. RevPAR grew 1.8%, driven by strong group business and market share gains [17] - RevPAR in the Americas outside the U.S. grew 4.4%, with Puerto Rico showing double-digit rate gains [18] - European RevPAR increased by 3.2%, benefiting from strong international travel [18] - RevPAR in the Middle East and Africa fell 5.7%, pressured by new supply in the UAE [19] - Asia Pacific RevPAR increased by 1%, with expectations for growth in the 3% to 5% range for the full year [19] Company Strategy and Development Direction - The company aims for approximately 6.5% net unit growth for the year, with a pipeline of 371,000 rooms [10][20] - The strategy focuses on capital-light development, with over 90% of the pipeline requiring no capital contribution from the company [11] - The launch of the new brand Signia Hilton aims to set a new standard for meetings and events [13] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the business model's resilience and expects continued growth in free cash flow and shareholder returns [15][22] - The outlook for the U.S. economy supports steady demand and solid pricing gains [9] - Management noted that the business model's sensitivity to macroeconomic changes is lower than in the past [21] Other Important Information - The company celebrated its 100th anniversary, highlighting its historical impact and future growth potential [7] - The loyalty program, Hilton Honors, saw membership increase by 20% year-over-year, reaching nearly 90 million members [13] Q&A Session Summary Question: Demand environment outlook since the last call - Management indicated that the U.S. demand environment remains consistent, with group business performing better than expected and transient demand slightly weaker due to seasonal shifts [24][25] Question: Sensitivity to capital returns with higher stock prices - Management confirmed that they intend to maintain their capital return range regardless of stock price fluctuations, emphasizing the strength of their business model [32][33] Question: Market share gains and brand renovations - Management acknowledged that while renovations contributed to market share gains, the overall increase was driven by multiple factors, including strong brand performance [63][64] Question: Continued robust new build growth despite rising costs - Management noted that high market share allows for continued development even in a challenging economic environment, with expectations for rooms under construction to increase [67][70] Question: Future investments and areas of focus - Management highlighted three primary areas for investment: the Hilton Honors loyalty program, technology enhancements, and marketing strategies to drive market share [58][61]
Hilton(HLT) - 2019 Q1 - Quarterly Report
2019-05-01 15:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36243 Hilton Worldwide Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 27-4384691 (State or other ...
Hilton(HLT) - 2018 Q4 - Earnings Call Transcript
2019-02-13 22:16
Financial Data and Key Metrics Changes - In Q4 2018, system-wide RevPAR grew 2% year-over-year on a currency-neutral basis, at the lower end of guidance due to softer leisure demand [16] - Adjusted EBITDA for the quarter was $544 million, exceeding guidance and increasing 12% year-over-year [16] - Management franchise fees increased 14% to $532 million, surpassing the expected range of 9% to 11% [17] - Full year 2018 adjusted EBITDA was $2.08 billion, with diluted earnings per share adjusted for special items at $0.79 [16][17] Business Line Data and Key Metrics Changes - Group RevPAR grew nearly 4% in Q4, exceeding expectations, while corporate transient RevPAR was up 2.6% for the year [6][16] - Leisure transient RevPAR also increased by 2.6% for the year but fell short of expectations due to calendar shifts and softer demand [6][16] - The company opened over 450 hotels in 2018, achieving net unit growth of nearly 57,000 rooms, or approximately 7% year-over-year [8] Market Data and Key Metrics Changes - In the U.S., Q4 comparable RevPAR grew 1.1%, driven entirely by ADR growth, while full year 2018 U.S. RevPAR grew 2.2% [17] - In the Asia Pacific region, RevPAR increased 3.4% in Q4, with full year 2018 growth at 6.5%, largely driven by strength in China [20][21] - Europe saw Q4 RevPAR growth of 7.2%, with full year growth at 6.9%, driven by strong transient trends in London and Vienna [19] Company Strategy and Development Direction - The company aims to continue expanding its global footprint, with over half of its pipeline located outside the U.S. and significant growth opportunities in Asia Pacific [9] - The focus remains on building a presence in markets where guests want to travel, with a strategic approach to development [9][10] - The company is enhancing its Honors program and leveraging technology to drive direct relationships with guests [12][13] Management's Comments on Operating Environment and Future Outlook - Management expects modestly slower trends in 2019 compared to 2018, with RevPAR guidance adjusted to 1% to 3% [7][21] - The macroeconomic indicators support generally favorable fundamentals, although uncertainties in international markets are acknowledged [7] - Management remains optimistic about the future, anticipating strong net unit growth and significant free cash flow generation [14] Other Important Information - The company returned $1.9 billion to shareholders in 2018 through buybacks and dividends, representing approximately 9% of its market cap [5][22] - For 2019, the company expects to return between $1.3 billion and $1.8 billion to shareholders [22] Q&A Session Summary Question: Pipeline and room growth - Management noted that the pipeline was up 6% year-over-year, with a combination of strong deliveries and cleaning up underperforming projects affecting the sequential decrease [26] Question: Softness in leisure transient demand - Management attributed the decline in leisure transient demand to trade war issues, a slower economy in China, and weather-related disruptions [29] Question: Capital return guidance - Management explained the wider range for capital return in 2019 is based on leverage profile considerations and potential market opportunities [34] Question: Pipeline in China - Management expressed confidence in the pipeline in China, noting a shift towards mid-market opportunities and continued growth despite economic slowdowns [39] Question: Luxury portfolio development - Management highlighted progress in the luxury segment, with a growing number of properties and a focus on aspirational brands [44] Question: Market share gains in China - Management indicated that strong market share growth in China is driven by excellent property locations and disciplined market strategies [50] Question: Direct booking channels - Management reported that web-direct channels are the fastest growing, significantly outpacing OTA channels [57] Question: Conversions in challenging environments - Management noted an increase in conversions during tougher market conditions, supported by a broader range of brands available for conversion [70]
Hilton(HLT) - 2018 Q4 - Annual Report
2019-02-13 16:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36243 Hilton Worldwide Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 27-4384691 (State or other juris ...