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Jun 30, 2022
Hilton Q2 2022 Earnings Report
Hilton's second quarter results exceeded expectations, leading to an increased full-year outlook.
Key Takeaways
Hilton Worldwide Holdings Inc. reported strong second-quarter 2022 results, exceeding the high end of guidance for system-wide comparable RevPAR, diluted EPS, adjusted for special items, and Adjusted EBITDA. The company raised its full-year guidance and capital return outlook due to the strong performance and confidence in continued recovery.
Diluted EPS was $1.32 for the second quarter, and diluted EPS, adjusted for special items, was $1.29.
Net income was $367 million for the second quarter, exceeding the high end of guidance.
Adjusted EBITDA was $679 million for the second quarter, exceeding the high end of guidance.
System-wide comparable RevPAR increased 54.3 percent, on a currency neutral basis, for the second quarter compared to the same period in 2021.
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
Hilton provided full year 2022 and third quarter 2022 guidance. For the full year, system-wide comparable RevPAR is expected to increase between 37.0 percent and 43.0 percent compared to 2021. Net income is projected to be between $1,146 million and $1,216 million. Adjusted EBITDA is projected to be between $2,400 million and $2,500 million.
Positive Outlook
- System-wide comparable RevPAR, on a currency neutral basis, is expected to increase between 37.0 percent and 43.0 percent compared to 2021, and to be down between 1.0 percent and 5.0 percent from 2019.
- Diluted EPS is projected to be between $4.11 and $4.36.
- Diluted EPS, adjusted for special items, is projected to be between $4.21 and $4.46.
- Net income is projected to be between $1,146 million and $1,216 million.
- Adjusted EBITDA is projected to be between $2,400 million and $2,500 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income