Hilton Reports Third Quarter 2019 Results

Hilton Worldwide Holdings Inc. (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

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