Hilton Q1 2023 Earnings Report
Key Takeaways
Hilton's first quarter 2023 results showed strong momentum with system-wide RevPAR exceeding guidance, driving strong bottom-line results and free cash flow, leading to an increased Adjusted EBITDA guidance for the full year.
Diluted EPS was $0.77 for the first quarter, and diluted EPS, adjusted for special items, was $1.24.
Net income was $209 million for the first quarter.
Adjusted EBITDA was $641 million for the first quarter.
System-wide comparable RevPAR increased 30.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2022.
Hilton
Hilton
Hilton Revenue by Segment
Forward Guidance
Full year 2023 system-wide RevPAR is expected to increase between 8 percent and 11 percent on a comparable and currency neutral basis compared to 2022; full year net income is projected to be between $1,331 million and $1,385 million; full year Adjusted EBITDA is projected to be between $2,875 million and $2,950 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income