hilton worldwide
Hilton Cuts 2024 Room Revenue Growth Forecast on Slowing Consumer Spending
Reuters | October 23, 2024
By Doyinsola Oladipo and Aishwarya Jain (Reuters) -Hilton Worldwide lowered its annual room revenue growth and net income forecasts as steady demand in Europe and business travel were not enough to counter a fall in demand in China and disruptions to its U.S. business during the third quarter. Shares of Hilton, which owns hotel brands such as Waldorf Astoria and DoubleTree, were down 2% on Wednesday. Rival Marriott International also fell 3%. Global travel demand has been facing challenges as American and Chinese consumers remain wary of macroeconomic trends. Ongoing labor disputes, the upcoming election and weather disruptions in the U....
Hilton Reports 2023 First Quarter Results; Raises Full Year Outlook
Hilton | April 26, 2023
MCLEAN, VA - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2023 results. Highlights include: Diluted EPS was $0.77 for the first quarter, and diluted EPS, adjusted for special items, was $1.24 Net income was $209 million for the first quarter Adjusted EBITDA was $641 million for the first quarter System-wide comparable RevPAR increased 30.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2022 System-wide comparable RevPAR increased 8.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2...
Three Franchise Companies Account for 66% of the Projects in the U.S. Construction Pipeline at Q3 2022 Close
Lodging Econometrics (LE) | October 31, 2022
October 31, 2022 – PORTSMOUTH, NH According to the quarterly United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines at the end of Q3 2022 are led by Marriott International with 1,385 projects/168,725 rooms. Following Marriott is Hilton Worldwide with 1,351 projects/152,383 rooms, and InterContinental Hotels Group (IHG) with 787 projects/79,382 rooms. Combined, these three companies account for 66% of the projects and 64% of the rooms in the total pipeline. Each company has seen growth year-over-year. These three franchise companies also have the ...
Hilton Reports First Quarter Results; Resumes Capital Return to Shareholders
Hilton | May 13, 2022
MCLEAN, Va. - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2022 results. Highlights include: Diluted EPS was $0.75 for the first quarter, and diluted EPS, adjusted for special items, was $0.71 Net income was $211 million for the first quarter Adjusted EBITDA was $448 million for the first quarter System-wide comparable RevPAR increased 80.5 percent, on a currency neutral basis, for the first quarter compared to the same period in 2021 System-wide comparable RevPAR was down 17.0 percent, on a currency neutral basis, for the first quarter compared to the same period in ...
Top Three Franchise Companies Account for 69% of Projects in the U.S. Hotel Construction Pipeline
Lodging Econometrics (LE) | May 3, 2021
PORTSMOUTH, NH – May 3rd, 2021 – In the recently released Q1‘21 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest U.S. construction pipelines at the end of Q1‘21 are Marriott International with 1,354 projects/178,290 rooms, followed by Hilton Worldwide with 1,248 projects/145,256 rooms, and InterContinental Hotels Group (IHG) with 807 projects/81,702 rooms. These three companies combined account for 69% of the projects and 65% of the rooms in the total U.S. construction pipeline. At the end of Q1‘21, the franchise company with the most projects in the under c...
Tharaldson Hospitality Management Opens New Hampton Inn & Suites Imperial Beach San Diego
THM | May 26, 2020
Imperial Beach, CA – May 26nd, 2020 – Tharaldson Hospitality Management (THM) is pleased to announce the brand-new Hampton Inn & Suites Imperial Beach San Diego is opening today! This luxury Hampton Inn & Suites, located at 771 Palm Ave, features 100 all-suite rooms, along with great amenities such as free Wifi, free hot breakfast, a heated indoor pool, fitness center, business center, and more. The hotel also features a meeting room available for rent and is friendly to pets. Under its franchise agreement with Hilton Worldwide Holdings, THM will own and operate the property. This hotel is conveniently located within one mil...
Hilton Reports First Quarter 2020 Results
Hilton | May 7, 2020
MCLEAN, Va. - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2020 results. The following results reflect the material impact that the novel coronavirus ("COVID-19") pandemic had on Hilton's business, the effects of which were not significant until March 2020. Highlights include: Diluted EPS was $0.06 for the first quarter, and diluted EPS, adjusted for special items, was $0.74 Net income was $18 million for the first quarter Adjusted EBITDA was $363 million for the first quarter System-wide comparable RevPAR decreased 22.6 percent on a currency neutral basis for the first ...
Hilton Debuts New Hostel-Inspired Brand, Motto
Hilton | October 23, 2018
MCLEAN, Va. - Hilton (NYSE: HLT) today announced the launch of Motto by Hilton, its newest affordable lifestyle brand that will empower guests by giving them the freedom to create their own experiences in the world's most sought-after cities. As Hilton approaches its 100th anniversary, it continues to pioneer the hospitality landscape with a new brand to address the needs and desires of the evolving global traveler. "Hilton prides itself on being a leader in the hospitality industry and evolving with the needs of our guests," said Christopher J. Nassetta, president and CEO, Hilton. "Innovation is in our DNA, and as we embark on our 100t...
