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.