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Sep 30, 2024
Hilton Q3 2024 Earnings Report
Reported third quarter results with diluted EPS of $1.38 and adjusted EPS of $1.92, net income of $344 million, and adjusted EBITDA of $904 million.
Key Takeaways
Hilton's third quarter 2024 results showed strong bottom-line performance exceeding guidance despite slower top-line growth due to macro trends and weather impacts. The company opened a record 36,600 rooms, surpassing 8,000 hotels, and achieved net unit growth of 7.8 percent.
Diluted EPS was $1.38 for the third quarter, and diluted EPS, adjusted for special items, was $1.92.
Net income was $344 million for the third quarter.
Adjusted EBITDA was $904 million for the third quarter.
System-wide comparable RevPAR increased 1.4 percent, on a currency neutral basis, for the third quarter compared to the same period in 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Hilton provided guidance for the full year and fourth quarter of 2024, including system-wide RevPAR, diluted EPS, net income, and Adjusted EBITDA.
Positive Outlook
- Full year 2024 system-wide RevPAR is projected to increase between 2.0 percent and 2.5 percent compared to 2023.
- Full year 2024 net income is projected to be between $1,405 million and $1,429 million.
- Full year 2024 Adjusted EBITDA is projected to be between $3,375 million and $3,405 million.
- Full year 2024 capital return is projected to be approximately $3.0 billion.
- Net unit growth for 2025 is expected to be between 6.0 percent and 7.0 percent.
Challenges Ahead
- System-wide comparable RevPAR for fourth quarter 2024 is projected to increase between 1.0 percent and 2.0 percent compared to the fourth quarter of 2023.
- Diluted EPS for fourth quarter 2024 is projected to be between $1.49 and $1.59.
- Diluted EPS, adjusted for special items, for fourth quarter 2024 is projected to be between $1.57 and $1.67.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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