Hilton Worldwide Holdings Inc.
Hilton Reports Strong Q4 and Full Year 2023 Results, Raises 2024 Guidance
Summary
Hilton Worldwide Holdings Inc. reported strong financial results for the quarter and full year ended December 31, 2023. For Q4, the company reported diluted EPS of $0.57 and adjusted diluted EPS of $1.68, with net income of $150 million and adjusted net income of $434 million. Full-year diluted EPS was $4.33 and adjusted diluted EPS was $6.21, with net income of $1,151 million and adjusted net income of $1,638 million. Hilton also added 24,000 rooms in Q4, bringing the total for the year to 62,900 rooms, and repurchased 4.6 million shares of its common stock during Q4. For 2024, Hilton projects system-wide comparable RevPAR growth of 2.0% to 4.0%, diluted EPS of $6.57 to $6.71, and adjusted diluted EPS of $6.80 to $6.94.
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About Hilton Worldwide Holdings Inc.
Hilton Worldwide Holdings Inc. is a prominent global hospitality company known for its expansive network of hotels and resorts. The primary function of Hilton is to provide high-quality lodging services across diverse segments, catering to both leisure and business travelers. With a portfolio that spans luxury, full-service, and budget accommodations, Hilton operates under several flagship brands such as Waldorf Astoria, Conrad, Hilton Hotels & Resorts, and Hampton by Hilton. By leveraging an extensive franchise model and strategic partnerships, Hilton ensures widespread presence in key markets globally. Founded in 1919, Hilton plays a significant role in the travel and tourism industry, drawing guests from around the world and contributing to local economies through job creation and tourism development. Hilton's ability to adapt to evolving consumer preferences, its focus on customer experience, and its innovation in hospitality technology underscore its influential position in the global hotel market.
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