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Mar 31, 2024
Hilton Q1 2024 Earnings Report
Hilton reported strong first quarter results, with bottom line results meaningfully exceeding expectations, demonstrating the power of the resilient, fee-based business model and strong development story.
Key Takeaways
Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Diluted EPS was $1.04, adjusted for special items, was $1.53. Net income was $268 million. Adjusted EBITDA was $750 million. System-wide comparable RevPAR increased 2.0 percent. The company approved 29,800 new rooms for development, bringing the development pipeline to a record 472,300 rooms.
Diluted EPS was $1.04 for the first quarter, and diluted EPS, adjusted for special items, was $1.53.
Net income was $268 million for the first quarter.
Adjusted EBITDA was $750 million for the first quarter.
System-wide comparable RevPAR increased 2.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2023.
Hilton
Hilton
Hilton Revenue by Segment
Revenue by Segment
Franchise & licensing fees Revenue
CapyFin.comBase & other mgmt fees Revenue
CapyFin.comIncentive mgmt fees Revenue
CapyFin.comOwnership Revenue
CapyFin.comOther revenues Revenue
CapyFin.com Forward Guidance
Full year 2024 system-wide RevPAR is projected to increase between 2.0 percent and 4.0 percent on a comparable and currency neutral basis compared to 2023; full year net income is projected to be between $1,586 million and $1,621 million; full year Adjusted EBITDA is projected to be between $3,375 million and $3,425 million
Positive Outlook
- System-wide comparable RevPAR, on a currency neutral basis, is projected to increase between 2.0 percent and 4.0 percent compared to 2023.
- Diluted EPS is projected to be between $6.21 and $6.35.
- Diluted EPS, adjusted for special items, is projected to be between $6.89 and $7.03.
- Net income is projected to be between $1,586 million and $1,621 million.
- Adjusted EBITDA is projected to be between $3,375 million and $3,425 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income