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Sep 30, 2020
Hilton Q3 2020 Earnings Report
Hilton's third quarter results reflected substantial improvement from the second quarter, with occupancy increasing by over 20 percentage points, although system-wide RevPAR decreased by 59.9 percent compared to the same period in 2019 due to the COVID-19 pandemic.
Key Takeaways
Hilton's Q3 2020 results demonstrated considerable progress compared to Q2, driven by increased occupancy as the majority of properties reopened. While the COVID-19 pandemic continued to significantly impact the travel industry, Hilton is well-positioned to capitalize on rising demand and pursue growth opportunities.
Diluted EPS was $(0.28) for the third quarter, and diluted EPS, adjusted for special items, was $0.06.
Net loss was $81 million for the third quarter.
Adjusted EBITDA was $224 million for the third quarter.
System-wide comparable RevPAR decreased 59.9 percent on a currency neutral basis for the third quarter from the same period in 2019.
Hilton
Hilton
Forward Guidance
No specific forward guidance provided in the earnings report.