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Mar 31, 2022

Hilton Q1 2022 Earnings Report

Reported solid first quarter results, resumed capital return to shareholders.

Key Takeaways

Hilton Worldwide Holdings Inc. reported its first quarter 2022 results with diluted EPS of $0.75 and adjusted EPS of $0.71. Net income was $211 million and Adjusted EBITDA was $448 million. System-wide comparable RevPAR increased 80.5 percent compared to the same period in 2021.

Diluted EPS was $0.75 for the first quarter, and diluted EPS, adjusted for special items, was $0.71.

Net income was $211 million for the first quarter.

Adjusted EBITDA was $448 million for the first quarter.

System-wide comparable RevPAR increased 80.5 percent, on a currency neutral basis, for the first quarter compared to the same period in 2021.

Total Revenue
$1.72B
Previous year: $874M
+96.9%
EPS
$0.71
Previous year: $0.02
+3450.0%
System-wide RevPAR
$80.8
Previous year: $46.2
+74.9%
Gross Profit
$515M
Previous year: $179M
+187.7%
Cash and Equivalents
$1.51B
Previous year: $2.45B
-38.3%
Free Cash Flow
$191M
Previous year: -$174M
-209.8%
Total Assets
$15.5B
Previous year: $16B
-3.2%

Hilton

Hilton

Hilton Revenue by Segment

Forward Guidance

Full year 2022 system-wide comparable RevPAR is expected to increase between 32.0 percent and 38.0 percent on a currency neutral basis compared to 2021; full year net income is projected to be between $1,001 million and $1,071 million; full year Adjusted EBITDA is projected to be between $2,250 million and $2,350 million.

Positive Outlook

  • System-wide comparable RevPAR, on a currency neutral basis, is expected to increase between 32.0 percent and 38.0 percent compared to 2021, and to be down between 5.0 percent to 9.0 percent from 2019.
  • Diluted EPS, before special items, is projected to be between $3.56 and $3.81.
  • Diluted EPS, adjusted for special items, is projected to be between $3.77 and $4.02.
  • Net income is projected to be between $1,001 million and $1,071 million.
  • Adjusted EBITDA is projected to be between $2,250 million and $2,350 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income