Hilton | August 06, 2020
MCLEAN, Va. – Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) (NYSE: HLT) today reported its second quarter 2020 results. The following results reflect the material impact that the novel coronavirus (“COVID-19”) pandemic had on Hilton’s business. Highlights include:
- Diluted EPS was $(1.55) for the second quarter, and diluted EPS, adjusted for special items, was $(0.61)
- Net loss was $432 million for the second quarter
- Adjusted EBITDA was $51 million for the second quarter
- System-wide comparable RevPAR decreased 81.0 percent on a currency neutral basis for the second quarter from the same period in 2019
- Approved 18,400 new rooms for development during the second quarter, growing Hilton’s development pipeline to 414,000 rooms as of June 30, 2020, representing 11 percent growth from June 30, 2019
- Opened 6,800 rooms in the second quarter, contributing to 5,500 net additional rooms in Hilton’s system
- As of July 31, 2020, 96 percent of Hilton’s system-wide hotels were open
- Launched Hilton CleanStay, a new program created in collaboration with RB, maker of Lysol and Dettol, and Mayo Clinic, to deliver an elevated standard of cleanliness and disinfection to properties worldwide, and Hilton EventReady, which focuses on cleanliness and customer service specific to meetings and events
- Announced a new strategic partnership with Country Garden to develop 1,000 Home2 Suites by Hilton in China, representing the first major extended stay offering for Hilton outside of North America
