Core Insights - Hilton Worldwide Holdings Inc. has signed a strategic licensing agreement with Olive by Embassy to introduce 150 Spark by Hilton hotels in India, marking its first entry into the Asia-Pacific region [1] - This partnership aims to address the growing demand for premium economy accommodations in India's rapidly expanding hospitality market [1][5] Expansion Strategy - The agreement extends Hilton's existing partnership with The Embassy Group, which has previously delivered notable properties such as Hilton Bengaluru Embassy Manyata Business Park [2] - Spark by Hilton is designed to meet the needs of value-conscious travelers by providing high-quality, affordable stays [2][3] Brand Development - Launched in 2023, Spark by Hilton focuses on essentials with reliability and simplicity, featuring multi-functional public spaces, complimentary breakfast with local delicacies, and 24-hour retail options [3] - The brand is positioned to cater to India's growing middle class and the increase in both domestic and international travel, aiming to redefine the premium economy segment [3] Broader Market Presence - Hilton's expansion in South Asia includes new luxury and full-service offerings such as Waldorf Astoria Jaipur, Conrad Jaipur, and Hilton Garden Inn Surat, showcasing its ability to scale in Tier II and III cities [4] - The company's strategic initiatives highlight its commitment to meeting diverse guest preferences across the region [4] Investment Potential - Hilton's strategic moves in India indicate strong growth potential, with an innovative brand portfolio and rising demand for reliable accommodations presenting a compelling case for long-term value [5] - As Hilton strengthens its leadership in South Asia, its efforts are expected to yield robust returns, making the stock an attractive investment opportunity [5] Performance Metrics - Hilton's shares have increased by 15.4% over the past three months, compared to the industry's growth of 18.9% [6]

Group 1 - Hilton Worldwide (NYSE: HLT) shares have increased by 57% over the past year, indicating strong performance [1] - Despite the overall gain, shares declined by over 2% on Wednesday due to Q3 earnings and disappointing guidance [1] Group 2 - The article does not provide specific financial metrics or detailed analysis of the Q3 earnings report or guidance [1]

Financial Data and Key Metrics Changes - Third quarter adjusted EBITDA was $904 million, up 8% year-over-year, exceeding the high end of guidance [12] - Adjusted EPS for the quarter was $1.92, reflecting strong bottom line performance despite softer RevPAR [4][12] - System-wide RevPAR increased 1.4% year-over-year, below guidance due to various factors including weather impacts and labor disputes [5][12] Business Line Data and Key Metrics Changes - Business transient RevPAR increased by 2%, with growth across large corporates and small to medium-sized businesses [5] - Group RevPAR grew more than 5% year-over-year, driven by strong demand for corporate and social meetings [5] - Leisure transient RevPAR increased nearly 2%, primarily due to solid trends in Continental Europe [6] Market Data and Key Metrics Changes - Comparable US RevPAR was up 1%, driven by strong group performance [12] - In the Americas outside the US, RevPAR increased 4% year-over-year, particularly in urban markets like Mexico [12] - Europe saw a 7% increase in RevPAR, aided by key summer events [13] - Asia-Pacific region experienced a 3% decline in RevPAR, with China specifically down 9% due to various disruptions [13] Company Strategy and Development Direction - The company opened a record 531 hotels in the quarter, achieving the highest net unit growth in history at 7.8% [7] - The development pipeline expanded to over 492,000 rooms, up 8% year-over-year, with approximately half under construction [10][12] - The company continues to focus on expanding its lifestyle portfolio and luxury offerings, including the introduction of new brands in various international markets [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model, expecting RevPAR growth in line with the third quarter for the fourth quarter [6][7] - The outlook for 2025 suggests a similar performance to 2024, with expectations of continued growth in group and business transient segments [20][24] - Management noted that the macroeconomic environment remains strong, with low recession risks and positive growth anticipated [19][20] Other Important Information - The company paid a cash dividend of $0.15 per share during the third quarter, totaling $37 million, and expects to return approximately $3 billion to shareholders for the full year [15] - The company achieved a milestone of 200 million Hilton Honors members, enhancing guest loyalty [5] Q&A Session All Questions and Answers Question: What is the difference in expectations for 2025 compared to earlier guidance? - Management indicated that it is early to provide specific guidance for 2025 but expressed a strong view of positive economic growth and similar performance to 2024 [18][20] Question: Can you elaborate on the development expectations for next year? - Management feels confident about the 6% to 7% net unit growth, with a significant portion expected from conversions [28][30] Question: How does the pipeline of construction compare to existing fee-per-room mix? - There has been no significant change in the fee-per-room mix, and the development environment is starting to improve [32][33] Question: What is driving the continued strength in group bookings? - The strength is attributed to a mix of citywide conventions, social group business, and corporate meetings, all showing strong demand [50][51] Question: How is the early traction for Small Luxury Hotels of the World (SLH)? - Early data indicates strong engagement and healthy redemption rates for SLH properties, with expectations for growth as the relationship matures [57]

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 ...

The upcoming report from Hilton Worldwide Holdings Inc. (HLT) is expected to reveal quarterly earnings of $1.85 per share, indicating an increase of 10.8% compared to the year-ago period. Analysts forecast revenues of $2.87 billion, representing an increase of 7.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earning ...

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 ...