Hilton Worldwide Holdings Inc.
Hilton Announces Third Quarter 2024 Results
Summary
Hilton Worldwide Holdings Inc. reported third quarter 2024 results, with diluted EPS of $1.38, net income of $344 million, and Adjusted EBITDA of $904 million. System-wide comparable RevPAR increased by 1.4% on a currency neutral basis. The company added 36,600 rooms and repurchased 3.3 million shares of common stock. For the full year 2024, Hilton projects system-wide comparable RevPAR growth of 2.0% to 2.5%, net income between $1,405 million and $1,429 million, and Adjusted EBITDA between $3,375 million and $3,405 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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