Hilton Q4 2024 Earnings Report
Key Takeaways
Hilton's Q4 2024 results exceeded expectations, driven by strong RevPAR growth across all segments and a record number of approvals, construction starts, and openings. The company's development pipeline reached nearly half a million rooms, positioning it for continued growth in 2025.
Diluted EPS was $2.06, exceeding the high end of guidance.
System-wide comparable RevPAR increased 3.5 percent on a currency neutral basis, exceeding the high end of guidance.
Approved 34,200 new rooms for development, bringing the development pipeline to 498,600 rooms, representing growth of 8 percent from December 31, 2023.
Repurchased 3.1 million shares of Hilton common stock, bringing total capital return to $781 million.
Hilton
Hilton
Hilton Revenue by Segment
Forward Guidance
Hilton projects full year 2025 system-wide RevPAR to increase between 2.0% and 3.0% and net income to be between $1,829 million and $1,858 million.
Positive Outlook
- System-wide comparable RevPAR is projected to increase between 2.0 percent and 3.0 percent compared to 2024.
- Net income is projected to be between $1,829 million and $1,858 million.
- Adjusted EBITDA is projected to be between $3,700 million and $3,740 million.
- Capital return is projected to be approximately $3.3 billion.
- Net unit growth is projected to be between 6.0 percent and 7.0 percent.