Welcome to our dedicated page for Hilton Worldwide Holdings news (Ticker: HLT), a resource for investors and traders seeking the latest updates and insights on Hilton Worldwide Holdings stock.
Hilton Worldwide Holdings Inc. (NYSE: HLT) is a leading global hospitality company with a portfolio consisting of 22 world-class brands. Operating nearly 1.2 million rooms across more than 7,500 properties in 126 countries and territories, Hilton serves a diverse range of customer segments from premium economy to luxury.
Hilton's extensive brand portfolio includes well-known names such as Hampton and Hilton, which represent 28% and 19% of the company's total rooms, respectively. Over the past few years, Hilton has expanded its brand offerings with the introduction of new brands like Home2, Curio, Canopy, Spark, Tru, Tempo, and LivSmart. Additionally, the company has formed a partnership with Small Luxury Hotels and acquired Nomad and Graduate Hotels.
The majority of Hilton's adjusted EBITDA is generated from managed and franchised hotels, predominantly located in the Americas. This business model allows Hilton to maintain significant operational efficiencies and scalability across its diverse portfolio.
In recent news, Hilton has announced an ambitious project in collaboration with NABNI Developments to establish the Waldorf Astoria Residences Dubai Downtown, set to be completed by 2028. This project marks the first standalone Waldorf Astoria residential address outside the United States, enhancing Hilton's global luxury brand presence. The development will feature world-class design by Carlos Ott Architects, interiors by Hirsch Bedner Associates, and top-tier amenities and services managed by Waldorf Astoria.
Hilton's commitment to innovation and excellence is evident through its industry-leading technology enhancements such as Digital Key Share, automated room upgrades, and the ability to book confirmed connecting rooms. The company continues to enhance the guest experience through its Hilton Honors loyalty program, which boasts over 180 million members who benefit from exclusive perks and rewards.
Recognized as a global leader in sustainability, Hilton has been included in the Dow Jones Sustainability Indices for seven consecutive years and was named the No. 1 World's Best Workplace by Great Place to Work and Fortune. The company's mission to fill the earth with the light and warmth of hospitality remains steadfast as it welcomes guests through its extensive and diverse portfolio.
Hilton Worldwide Holdings Inc. (NYSE: HLT) reported Q3 2021 results, revealing a net income of $240 million and diluted EPS of $0.86. Adjusted EBITDA stood at $519 million. System-wide comparable RevPAR surged by 98.7% year-over-year, despite an 18.8% decline from Q3 2019. The company opened 96 new hotels, adding 14,700 rooms, with a total development pipeline of 404,000 rooms. Hilton maintains strong liquidity with $1.4 billion in cash and no scheduled maturities until 2025. The conference call detailing these results occurred on October 27, 2021.
Home2 Suites by Hilton has opened its latest property, Home2 Suites by Hilton Phoenix Avondale, in Avondale, Arizona. The hotel features 127 tech-focused and eco-friendly suites, catering to traveling sports enthusiasts and tech professionals. Key amenities include fully-equipped kitchens, EV charging stations, and a focus on sustainability through solar energy. Located near major attractions, the hotel offers flexibility for guests with customizable room designs, pet-friendly policies, and connection to Hilton's loyalty program, Hilton Honors.
Nest Seekers International announces top agent Erin Sykes as the exclusive representative for the Waldorf Astoria Residences in Miami. This luxury development, rising 100 stories above Biscayne Bay, will feature 360 private residences starting at $1 million. The project aims to transform Miami's skyline and includes both residences and a five-star hotel. Development partners include PMG and Hilton (NYSE: HLT), highlighting significant collaboration within the real estate sector.
Hilton (NYSE: HLT) announced a groundbreaking partnership with Bluestone Lane, an Australian-inspired coffee brand, to enhance food and beverage offerings at Tempo by Hilton hotels. This collaboration aims to create unique on-property experiences featuring Bluestone Lane's award-winning beverages and menu items focused on healthy, natural ingredients. The partnership reflects Hilton's commitment to evolving guest preferences. Tempo by Hilton is positioned as a lifestyle brand, with over a dozen properties under development, catering to modern travelers seeking balance between health and indulgence.
Hilton Worldwide Holdings Inc. (NYSE: HLT) will announce its third quarter 2021 financial results on October 27, 2021, before the market opens. A conference call will follow at 10:00 a.m. ET, featuring insights from CEO Christopher J. Nassetta and CFO Kevin Jacobs. Investors can access the live webcast via the Hilton Investor Relations website and a replay will be available within 24 hours. Hilton continues to maintain a strong presence in the hospitality sector with over 6,600 properties worldwide.
On September 16, 2021, the Council on American-Islamic Relations (CAIR) and over 40 partner organizations will hold a news conference outside The Capital Hilton in Washington, D.C., to announce a worldwide boycott of Hilton Worldwide (HLT). This boycott stems from Hilton's refusal to cancel plans for a Hampton Hotel on the site of a demolished mosque in the Uyghur region of China. CAIR also plans to launch a new web portal to combat global Islamophobia, following a letter sent to Hilton demanding the cancellation by September 8.
Hilton's Extended Stay brands, Homewood Suites and Home2 Suites, have partnered with Mars Petcare to enhance pet-friendly travel experiences. By January 1, 2022, both brands will become entirely pet-friendly, introducing consistent pet fees starting at $50. Insights from Mars' BETTER CITIES FOR PETS program will guide the development of pet-focused services. With 1 in 5 U.S. households welcoming a new pet during the pandemic, the initiative aims to meet the growing demand for pet-friendly accommodations, offering over 1,000 hotels across North America.
On September 8, CAIR and Uyghur Muslim representatives will deliver a demand letter to Hilton Worldwide Headquarters in McLean, VA, urging the company to end a licensing agreement for a hotel built on a bulldozed mosque site in China. Despite months of communication, Hilton has not canceled the project. An international coalition is advocating a boycott of Hilton if the demand is not met within a week. CAIR Executive Director Nihad Awad stated that supporting such actions is not only morally wrong but also detrimental to business.
Hilton Worldwide Holdings Inc. (NYSE: HLT) reported strong second quarter 2021 results, reflecting recovery from COVID-19. Key highlights include a diluted EPS of $0.46, net income of $128 million, and adjusted EBITDA of $400 million. System-wide comparable RevPAR surged 233.8% year-over-year. The company opened 119 new hotels, adding 19,800 rooms, raising its development pipeline to 401,000 rooms globally. Hilton fully repaid $1,190 million of its revolving credit facility, enhancing liquidity with $1.1 billion in cash equivalents. Full-year net unit growth is projected at 5.0-5.5%.
Hilton Worldwide Holdings Inc. (NYSE: HLT) will announce its second quarter 2021 financial results on July 29, 2021, before market open, followed by a conference call at 10:00 a.m. Eastern Time. CEO Christopher J. Nassetta and CFO Kevin Jacobs will discuss the company's performance and take questions. Interested stakeholders can access the live webcast via Hilton's Investor Relations website. Additionally, a replay and transcript will be available within 24 hours after the call. For audio participation, dial-in details are provided for both U.S. and international callers.
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