earnings
confidence high
sentiment positive
materiality 0.75
Hilton Q2 adj EPS $1.91, RevPAR up 3.5%, pipeline record, FY RevPAR guide 2-3%
Hilton Worldwide Holdings Inc.
2024-Q2 EPS reported
$2.71
revenue$5,524,000,000
- Diluted adj EPS $1.91 vs $1.63 YoY; net income $422M; Adj EBITDA $917M.
- System-wide comparable RevPAR +3.5% currency neutral; Q2 fee revenues +10.0% YoY.
- Development pipeline record 508,300 rooms (+15% YoY); net unit growth 6.2% from June 30, 2023.
- Acquired Graduate Hotels in May; SLH partnership to add ~400 hotels (18,000 rooms) from July.
- FY2024 guidance: RevPAR +2.0-3.0%; Adj EBITDA $3,375-3,405M; capital return ~$3.0B.