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Sep 30, 2022
Hilton Q3 2022 Earnings Report
Hilton exceeded expectations with strong Q3 performance, driven by leisure travel and recovering business demand.
Key Takeaways
Hilton's Q3 2022 results exceeded expectations, with system-wide RevPAR surpassing 2019 levels for the first time since the pandemic began. Diluted EPS, adjusted for special items, was $1.31, and Adjusted EBITDA was $732 million. The company repurchased 4.0 million shares of its common stock and returned $538 million in capital to shareholders.
Diluted EPS was $1.26 for the third quarter, and diluted EPS, adjusted for special items, was $1.31.
Net income was $346 million for the third quarter, exceeding the high end of guidance.
Adjusted EBITDA was $732 million for the third quarter, exceeding the high end of guidance.
System-wide comparable RevPAR increased 29.9 percent, on a currency neutral basis, for the third 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 expects strong trends to continue throughout the fourth quarter with system-wide RevPAR once again exceeding prior peaks.
Positive Outlook
- System-wide comparable RevPAR, on a currency neutral basis, is expected to increase between 19 percent and 23 percent compared to the fourth quarter of 2021, and to increase between 2 percent and 6 percent from the fourth quarter of 2019.
- Diluted EPS is projected to be between $1.08 and $1.15.
- Diluted EPS, adjusted for special items, is projected to be between $1.15 and $1.23.
- Net income is projected to be between $295 million and $316 million.
- Adjusted EBITDA is projected to be between $641 million and $671 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income