MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 outcomes. Highlights from the primary quarter embrace:
- Diluted EPS was $1.04 for the primary quarter, and diluted EPS, adjusted for particular objects, was $1.53
- Internet revenue was $268 million for the primary quarter
- Adjusted EBITDA was $750 million for the primary quarter
- System-wide comparable RevPAR elevated 2.0 p.c, on a currency-neutral foundation, for the primary quarter in comparison with the identical interval in 2023
- Accredited 29,800 new rooms for improvement throughout the first quarter, bringing Hilton’s improvement pipeline to a report 472,300 rooms as of March 31, 2024, representing progress of 10 p.c from March 31, 2023
- Added 16,800 rooms to Hilton’s system within the first quarter, leading to 14,200 web extra rooms for the primary quarter, contributing to web unit progress of 5.6 p.c from March 31, 2023
- Repurchased 3.4 million shares of Hilton frequent inventory throughout the first quarter; complete capital return, together with dividends, was $701 million for the quarter and $908 million 12 months thus far via April
- Introduced the deliberate acquisition of the Graduate Lodges model, together with the anticipated addition of roughly 35 franchised inns to our portfolio within the second quarter
- In April 2024, acquired a controlling monetary curiosity within the Sydell Group, which owns the NoMad model, marking Hilton’s debut within the luxurious life-style house and offering additional luxurious growth alternatives
- In March 2024, issued $1.0 billion of senior notes consisting of (i) $550 million combination principal quantity of 5.875 p.c Senior Notes due 2029 and (ii) $450 million combination principal quantity of 6.125 p.c Senior Notes due 2032
- Full-year 2024 system-wide RevPAR is projected to extend between 2.0 p.c and 4.0 p.c on a comparable and currency-neutral foundation in comparison with 2023; full-year web revenue is projected to be between $1,586 million and $1,621 million; full-year Adjusted EBITDA is projected to be between $3,375 million and $3,425 million
- Full-year 2024 capital return is projected to be roughly $3.0 billion
