Hilton Worldwide Holdings Inc.
Hilton Announces First Quarter 2024 Results
Summary
Hilton Worldwide Holdings Inc. reported a strong first quarter for 2024 with net income of $268 million and Adjusted EBITDA of $750 million. The company saw a 2.0% increase in system-wide comparable RevPAR and added 14,200 net additional rooms to its portfolio. Hilton also repurchased 3.4 million shares of its common stock and issued $1.0 billion of senior notes. Looking ahead, Hilton projects full-year 2024 RevPAR growth between 2.0% and 4.0%, net income between $1,586 million and $1,621 million, and Adjusted EBITDA between $3,375 million and $3,425 million.
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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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