Hilton Worldwide Holdings Inc. (HLT) reported solid first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate and rising year over year.The company's performance was backed by notable improvements in revenue per available room (RevPAR), attributed to higher occupancy rates and average daily rates (ADR). It also benefited from its fee-based business model and robust development initiatives. Hilton maintained its momentum in signings, starts, and openings, reflecting a solid ...

Hilton Worldwide Holdings Inc. (NYSE:HLT) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Jill Chapman - Senior Vice President, Investor Relations and Corporate Development Chris Nassetta - President and Chief Executive Officer Kevin Jacobs - Chief Financial Officer and President, Global Development Conference Call Participants Stephen Grambling - Morgan Stanley Joe Greff - JPMorgan Robin Farley - UBS Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank David Katz ...

For the quarter ended March 2024, Hilton Worldwide Holdings Inc. (HLT) reported revenue of $2.57 billion, up 12.2% over the same period last year. EPS came in at $1.53, compared to $1.24 in the year-ago quarter.The reported revenue represents a surprise of +0.67% over the Zacks Consensus Estimate of $2.56 billion. With the consensus EPS estimate being $1.41, the EPS surprise was +8.51%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

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 March 31, 2024 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 ...

Financial Performance - Diluted EPS for Q1 2024 was $1.04, and adjusted diluted EPS was $1.53[2] - Net income for Q1 2024 was $268 million, and Adjusted EBITDA was $750 million[2] - Total revenues increased to $2.573 billion in Q1 2024, up 12.2% from $2.293 billion in Q1 2023[23] - Net income attributable to Hilton stockholders rose to $265 million in Q1 2024, compared to $206 million in Q1 2023, a 28.6% increase[23] - Net income attributable to Hilton stockholders increased to $265 million in Q1 2024 from $206 million in Q1 2023[35] - Diluted EPS increased to $1.04 in Q1 2024 from $0.77 in Q1 2023[35] - Adjusted EBITDA increased to $750 million in Q1 2024 from $641 million in Q1 2023[38] - Adjusted EBITDA margin improved to 70.4% in Q1 2024 from 67.8% in Q1 2023[39] - Net income for Q1 2024 increased to $268 million, up from $209 million in Q1 2023, representing a 28.2% year-over-year growth[43] - Adjusted EBITDA for Q1 2024 reached $750 million, compared to $641 million in Q1 2023, a 17% increase[43] - Share-based compensation expense for Q1 2024 was $41 million, up from $33 million in Q1 2023, a 24.2% increase[43] - Depreciation and amortization expenses for Q1 2024 were $36 million, slightly down from $37 million in Q1 2023[43] Development and Expansion - Hilton approved 29,800 new rooms for development in Q1 2024, bringing the total development pipeline to a record 472,300 rooms, a 10% increase from March 31, 2023[2] - Hilton added 16,800 rooms to its system in Q1 2024, resulting in 14,200 net additional rooms and a net unit growth of 5.6%[2] - Hilton announced the planned acquisition of the Graduate Hotels brand, expected to add approximately 35 franchised hotels in Q2 2024[2] - Hilton acquired a controlling financial interest in the Sydell Group, owner of the NoMad brand, marking its entry into the luxury lifestyle space[2] - Total system-wide properties reached 7,626, with 1,197,329 rooms as of March 31, 2024[28] - Total system includes 7,626 properties and 1,197,329 rooms, with the U.S. contributing 5,642 properties and 793,826 rooms[29] RevPAR and ADR Performance - System-wide comparable RevPAR increased 2.0% in Q1 2024 compared to Q1 2023[2] - System-wide RevPAR grew by 2.0% to $104.16 in Q1 2024, driven by a 1.7% increase in ADR to $154.91[26] - Middle East & Africa region showed the strongest RevPAR growth at 14.8%, with ADR increasing by 11.0% to $193.22[26] - Conrad Hotels & Resorts achieved a 14.6% increase in RevPAR to $204.67, supported by a 6.9% rise in ADR to $286.62[26] - Hampton by Hilton experienced a 1.7% decline in RevPAR to $81.93, despite a 0.7% increase in ADR to $123.94[26] - Management and franchise segment RevPAR increased by 1.8% to $103.78, with ADR up 1.6% to $154.36[26] - Ownership segment RevPAR surged by 14.0% to $133.64, driven by a 7.7% increase in ADR to $198.05[26] - Full-year 2024 system-wide RevPAR is projected to increase between 2.0% and 4.0% compared to 2023[2] Capital and Shareholder Returns - Hilton repurchased 3.4 million shares of common stock in Q1 2024, returning $701 million in capital to shareholders[2] - Capital expenditures decreased by 46.0% to $34 million in Q1 2024 compared to $63 million in Q1 2023[32] - Contract acquisition costs decreased by 64.8% to $37 million in Q1 2024 compared to $105 million in Q1 2023[32] Debt and Financial Leverage - Long-term debt increased to $10,173 million as of March 31, 2024, from $9,196 million as of December 31, 2023[42] - Net debt increased to $8,836 million as of March 31, 2024, from $8,392 million as of December 31, 2023[42] - Long-term debt as of March 31, 2024, stood at $10.173 billion, with a net debt to Adjusted EBITDA ratio of 2.8[43] - The company's net debt as of March 31, 2024, was $8.836 billion[43] - Net debt is calculated as long-term debt (including current maturities) minus cash, cash equivalents, and restricted cash, used to evaluate financial leverage[60] - Net debt to Adjusted EBITDA ratio is a non-GAAP measure used to assess indebtedness, frequently compared by analysts and investors[61] - Long-term debt to net income ratio is calculated as long-term debt (including current maturities) divided by net income, providing insights into financial leverage[60] Full-Year Projections - Full-year 2024 net income is projected to be between $1,586 million and $1,621 million, and Adjusted EBITDA is projected to be between $3,375 million and $3,425 million[2] - For the full year 2024, the company forecasts net income between $1.577 billion (low case) and $1.612 billion (high case)[48] - Adjusted EBITDA for 2024 is projected to be between $3.375 billion (low case) and $3.425 billion (high case)[53] - Diluted EPS for Q2 2024 is expected to range from $1.74 (low case) to $1.80 (high case)[47] - The company plans to exclude the effect of the planned acquisition of Graduate Hotels from its 2024 outlook[48] Operational Metrics and Definitions - Occupancy measures the utilization of available capacity, calculated as room nights sold divided by room nights available, used to gauge demand and determine achievable ADR pricing levels[63] - ADR (Average Daily Rate) represents average room price attained, calculated as hotel room revenue divided by room nights sold, providing insights into pricing environment and customer base[64] - RevPAR (Revenue per Available Room) is a key performance indicator, calculated as hotel room revenue divided by room nights available, reflecting occupancy and ADR trends[65] - Occupancy, ADR, and RevPAR metrics are presented on a comparable basis for the three months ended March 31, 2024, using currency-neutral exchange rates[66] - Comparable hotels as of March 31, 2024, totaled 6,347 out of 7,532 hotels in the system, with 1,185 non-comparable hotels including 421 removed due to large-scale capital projects, property damage, or business interruption[62] Non-GAAP Measures and Limitations - Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures with limitations and should not be considered substitutes for GAAP financial performance metrics[60] - The company emphasizes that non-GAAP measures like net debt and Adjusted EBITDA ratios may not be comparable to similarly titled measures of other companies[61]

Hilton Worldwide Holdings Inc. (HLT) is scheduled to report first-quarter 2024 results on Apr 24, before the opening bell. In the last reported quarter, the company registered an earnings surprise of 7.7%.How are Estimates Faring?The Zacks Consensus Estimate for the first-quarter bottom line is pegged at $1.41 per share, indicating an improvement of 13.7% from $1.24 reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $2.6 billion, suggesting growth of 11.5% from the prior-y ...

While revenge travel may be a fading concept, consumers still value accruing their vacation hours, potentially boding well for certain travel stocks to buy now.According to a Deloitte report, we may be moving into a new era of travel prioritization. Per Hotel Dive’s summary of the analysis, “The report found that travelers are most likely to splurge on in-destination experiences, lodging location and destination distance.” So, the desire to explore hasn’t diminished. Rather, certain preferences may have shi ...

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Hilton Worldwide Holdings Inc. (HLT) has announced its acquisition of a majority controlling interest in Sydell Group to bolster its luxury lifestyle hotel market presence. This move marks HLT's strategic entry into the flourishing luxury hospitality segment, leveraging Sydell Group's acclaimed NoMad brand. Sydell Group, led by Andrew Zobler, has crafted several successful lifestyle brands, including NoMad, known for its exceptional design and culinary experiences.With Sydell Group overseeing design and bra ...

Hilton Worldwide Holdings Inc. (HLT) unveiled the enhanced Hilton Honors American Express Business Card in collaboration with American Express Company (AXP) . It offers new benefits, including up to $240 annually in statement credits on eligible Hilton purchases.The enhanced card also simplifies the rewards structure, allowing Card Members to earn Hilton Honors Bonus Points wherever they spend. This initiative empowers business owners to utilize their purchases to fund future Hilton stays, backed by America ...