- Hilton Hotels has reported its third quarter 2019 earnings.
- Its net income for the quarter was USD 290 million, 77% up from the comparable period in 2018.
- Hilton opened 17,400 rooms in the quarter, contributing to 15,600 net additional rooms, to deliver approximately 6.5% net unit growth for the full year.
- The company approved 25,200 new rooms to develop during the quarter, making its development plans at 379,000 rooms as of September 30, 2019.
- Hilton’s full year 2019 capital return is projected to be between USD 1.6 billion and USD 1.8 billion.
- Hilton recently appointed David Kelly as senior vice president, operations, Continental Europe. Kelly will oversee the operations of 57 hotels across 26 European countries.
PRESS RELEASE
Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) (NYSE: HLT) today reported its third quarter 2019 results. Highlights include:
- Diluted EPS was $1.00 for the third quarter, an 85 percent increase from the same period in 2018, and diluted EPS, adjusted for special items, was $1.05, a 13 percent increase from the same period in 2018
- Net income for the third quarter was $290 million, a 77 percent increase from the same period in 2018
- Adjusted EBITDA for the third quarter was $605 million, a 9 percent increase from the same period in 2018
- System-wide comparable RevPAR increased 0.4 percent on a currency neutral basis for the third quarter from the same period in 2018
- Approved 25,200 new rooms for development during the third quarter, growing Hilton’s development pipeline to 379,000 rooms as of September 30, 2019
- Opened 17,400 rooms in the third quarter, contributing to 15,600 net additional rooms, on track to deliver approximately 6.5 percent net unit growth for the full year
- Repurchased 4.5 million shares of Hilton common stock during the third quarter, bringing total capital return, including dividends, to approximately $465 million for the quarter and $1.2 billion year to date through September
- Full year 2019 system-wide comparable RevPAR is expected to increase approximately 1.0 percent on a currency neutral basis compared to 2018; full year net income is projected to be between $923 million and $937 million; full year Adjusted EBITDA is projected to be between $2,285 million and $2,305 million
- Full year 2019 capital return is projected to be between $1.6 billion and $1.8 billion
- For full year 2020, system-wide comparable RevPAR is expected to be flat to 1.0 percent growth on a currency neutral basis compared to 2019; net unit growth is expected to be 6.0 percent to 7.0 percent
