Loading...
•
Dec 31, 2022
Hilton Q4 2022 Earnings Report
Hilton's Q4 2022 results surpassed expectations, with system-wide RevPAR meaningfully exceeding pre-pandemic levels, driven by growth across all segments.
Key Takeaways
Hilton Worldwide Holdings Inc. reported strong fourth quarter and full year 2022 results, surpassing expectations. Diluted EPS for the fourth quarter was $1.21, and adjusted diluted EPS was $1.59. Net income was $333 million, and adjusted EBITDA was $740 million. System-wide comparable RevPAR increased 24.8 percent compared to the same period in 2021 and 7.5 percent compared to 2019.
Diluted EPS was $1.21 for the fourth quarter and $4.53 for the full year, exceeding the high end of guidance.
System-wide comparable RevPAR increased 24.8 percent for the fourth quarter compared to the same period in 2021.
Approved 24,400 new rooms for development during the fourth quarter, bringing Hilton's development pipeline to 416,400 rooms as of December 31, 2022.
Repurchased 3.8 million shares of Hilton common stock during the fourth quarter, bringing total capital return, including dividends, to $542 million for the quarter.
Hilton
Hilton
Forward Guidance
Full Year 2023 System-wide comparable RevPAR is expected to increase between 4 percent and 8 percent on a comparable and currency neutral basis compared to 2022; full year net income is projected to be between $1,382 million and $1,454 million; full year Adjusted EBITDA is projected to be between $2,800 million and $2,900 million
Positive Outlook
- System-wide comparable RevPAR, on a currency neutral basis, is expected to increase between 4 percent and 8 percent compared to 2022.
- Diluted EPS is projected to be between $5.10 and $5.36.
- Diluted EPS, adjusted for special items, is projected to be between $5.42 and $5.68.
- Net income is projected to be between $1,382 million and $1,454 million.
- Adjusted EBITDA is projected to be between $2,800 million and $2,900 million.