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 strong Q2 2024 results with diluted EPS of $1.67 and adjusted diluted EPS of $1.91. Net income reached $422 million, while Adjusted EBITDA was $917 million. System-wide comparable RevPAR increased 3.5% year-over-year. The company added 22,400 rooms, resulting in 18,000 net additional rooms and 6.2% net unit growth. Hilton's development pipeline hit a record 508,300 rooms, up 15% from June 2023. The company completed the acquisition of Graduate Hotels and announced a partnership with Small Luxury Hotels of the World. For full-year 2024, Hilton projects RevPAR growth of 2-3%, net income between $1,532-$1,555 million, and Adjusted EBITDA of $3,375-$3,405 million. Net unit growth is expected to be 7-7.5% for the year.
DoubleTree by Hilton is celebrating National Chocolate Chip Cookie Day on August 4 by offering free cookies at all U.S. locations. Visitors can choose between the original warm chocolate chip cookie or an allergy-friendly version. The DoubleTree Cookie, introduced in 1986, has become a beloved part of the guest experience, with over 20 million cookies enjoyed annually worldwide.
In 2019, the DoubleTree cookie made history as the first food baked in space aboard the International Space Station. This space-baked cookie is now on display at the Smithsonian National Air and Space Museum. For those unable to visit a DoubleTree hotel, the official cookie recipe is available for at-home baking.
Faro Blanco Resort & Yacht Club has joined the Curio Collection by Hilton portfolio, unveiling a $14 million transformation. Located in Marathon, Florida Keys, the resort offers 125 newly renovated guest rooms with bayside views. Amenities include four outdoor pools, beach access, and guided snorkeling and fishing charters. A new full-service spa is planned for late 2024, complementing the state-of-the-art fitness center. The resort boasts over 40,000 square feet of reimagined meeting space. Dining options include El Farito for casual fare, Lighthouse Kitchen + Bar for refined coastal dining, and Blue Waters Bar & Grill for poolside meals. The historic Parrish House will be renovated into a private two-bedroom bungalow.
Hilton Worldwide Holdings Inc. (NYSE: HLT) has announced its second quarter 2024 earnings release date. The company will report financial results on Wednesday, August 7, 2024, before the stock market opens. This will be followed by a conference call at 9 a.m. EDT.
Christopher J. Nassetta, president & CEO, and Kevin Jacobs, CFO & president of global development, will discuss Hilton's performance and lead a Q&A session. Investors can access the live webcast on the Hilton Investor Relations website, with a replay and transcript available within 24 hours. Alternatively, participants can join the call by dialing 1-888-317-6003 (US) or 1-412-317-6061 (international) using conference ID 4909030.
A new survey by Hilton Hotels & Resorts reveals that 96% of Americans feel relaxed with a Piña Colada in hand, but only 35% typically order it outside of vacations. The survey highlights that the tropical drink, first crafted in 1954 at Caribe Hilton in San Juan, Puerto Rico, by bartender Ramón “Monchito” Marrero, continues to evoke a vacation mindset for many. Hilton Hotels serves over 53,000 Piña Coladas annually at Caribe Hilton and offers various innovative takes on the drink at many of its properties worldwide. The survey also found that 87% of respondents associate lounging by water with relaxation, and 82% are reminded of a specific vacation when they enjoy a particular drink.
Hilton has expanded its global luxury portfolio by adding nearly 400 boutique hotels from the Small Luxury Hotels of the World (SLH) collection. These properties are now available through Hilton's direct booking channels, including Hilton.com and the Hilton Honors app. This partnership enhances Hilton's luxury brand lineup, which includes Waldorf Astoria, Conrad, LXR, and Signia. Hilton Honors members can earn and redeem points at SLH hotels, with additional benefits like free WiFi, room upgrades, and discounts. The collaboration aims to offer diverse, unique travel experiences in sought-after destinations globally.
On June 4, 2024, Revery Toronto Downtown, a Curio Collection by Hilton, officially opened its doors in the Entertainment District. Owned by Easton's Group of Hotels and The Gupta Group, this 224-room hotel features a unique theatrical theme. It includes an immersive design with dramatic, sociable environments such as the Muse Lobby Bar and the Deauville Club, a French-inspired restaurant led by Chef Tom Chlebek. Guests can also enjoy the amenities of Hilton Honors. Revery is set to provide a bespoke blend of sophistication and hospitality, reflecting the vibrant cultural hub of Toronto.
Hilton (NYSE: HLT) plans to double its lifestyle hotel portfolio to 700 properties by 2028, driven by the recent acquisitions of Graduate Hotels and NoMad brands. This expansion reflects the increasing demand for lifestyle and luxury experiences. Hilton is set to open 100 new lifestyle hotels in 2023 alone, marking significant growth in this category. Key developments include the debut of Hilton's 400th lifestyle property and the launch of NoMad's flagship London hotel.
Additionally, Hilton has appointed Kevin Osterhaus as President of Global Lifestyle Brands to oversee growth and integration. Hilton's lifestyle brands, including Canopy by Hilton, Curio Collection, Graduate by Hilton, Motto by Hilton, Tapestry Collection, and Tempo by Hilton, are expanding globally with new properties in high-value markets.
Hilton aims to enhance its market reach and cater to guest preferences for unique and localized travel experiences.
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