Welcome to our dedicated page for Hilton Worldwide Hldgs news (Ticker: HLT), a resource for investors and traders seeking the latest updates and insights on Hilton Worldwide Hldgs 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.
UNITE HERE has sent letters to over 80 Hilton franchise owners in university towns, urging them to reevaluate their partnership with Hilton (NYSE: HLT) following the company's acquisition of Graduate Hotels. The union warns that the competitive advantage of participating in the Hilton Honors program may be diminished due to new competition from nearby Graduate hotels.
The letter also highlights a recent case where Marriott was forced to buy the Sheraton Grand Chicago for $500 million, significantly above its estimated value of $270.5 million, due to a settlement related to Marriott's acquisition of Starwood. UNITE HERE encourages Hilton franchise owners to carefully consider whether Hilton provides the most value for their properties in an era of industry consolidation and tightening brand standards.
Taiba Investments and Hilton (NYSE: HLT) have partnered to introduce the first Waldorf Astoria hotel in Madinah, Saudi Arabia. Set to open in 2028, the hotel will be located near the Prophet's Mosque, offering exclusive views and easy access to the holy site. The project involves renovating the existing Taiba Front Hotel, which will be rebranded as Waldorf Astoria Al Madinah.
The hotel will feature over 300 guest rooms and suites, three dining concepts including Peacock Alley café, two multi-functional halls, a boardroom, private club lounge, prayer room, and fitness center. This partnership aligns with Saudi Vision 2030 and aims to elevate tourism and hospitality in the region by providing world-class accommodations that honor the Kingdom's heritage.
Hilton's 2025 Trends Report predicts the 'Year of the Travel Maximizer', revealing travelers' desire to combine relaxation with high-impact adventures. Key findings from the global research, involving 13,000 travelers across 13 countries, include:
1. Adventure-seeking 'Go Getaways' alongside restorative sleep retreats
2. 'Time Travel' (revisiting childhood destinations) and 'Slow Travel' gaining popularity
3. Balancing 'High-Tech Travel' with 'Digital Detox'
4. Rise of 'Frolleagues' (friends who are colleagues) and pet-friendly travel
5. Increasing influence of Gen Alpha on travel decisions
6. Growing trends in culinary exploration and 'Tempo Drinking' (mindful alcohol consumption)
7. Focus on 'Soft Travel' for self-discovery and mental health
Hilton is adapting to these trends by expanding its luxury portfolio and partnering with companies like Small Luxury Hotels of the World and AutoCamp.
Hilton Worldwide Holdings Inc. (NYSE: HLT) has announced its schedule for reporting third quarter 2024 financial results. The company will release its earnings report before the stock market opens on Wednesday, Oct. 23, 2024, followed by a conference call at 9 a.m. EDT. Christopher J. Nassetta, president & CEO, and Kevin Jacobs, CFO & president of global development, will lead the call, discussing Hilton's performance and answering questions.
Investors and interested parties can access the live webcast through Hilton's Investor Relations website. A replay and transcript will be available within 24 hours after the event. Alternatively, participants can join the call by dialing specific numbers for U.S. and international callers. A telephone replay will be accessible for seven days following the call.
Hilton San Francisco Union Square has reopened its iconic sky bar, Cityscape, on September 15, 2024. Located on the 46th floor, it offers 360-degree views of San Francisco and features newly discovered mid-century modern artwork from the hotel's 1964 opening. The bar's redesign, led by Nick Graham-Wells and Edward Perotti, blends history with contemporary elegance, showcasing restored artwork panels believed to be from the historic Fox Theater.
The redesign introduces the 'Celestial Sisters' theme, with artwork and cocktails inspired by five goddesses of the night sky: Selena, Astraea, Eos, Aurora, and Nyx. Cityscape offers a new 'Cocktails of the Cosmos' menu, each drink crafted to reflect these celestial themes. To celebrate the reopening, Hilton is offering a Cityscape Weekend Escape package, which includes a skyline view room and a $50 credit for Cityscape.
Hilton Worldwide Holdings Inc. (NYSE: HLT) has announced that its indirect subsidiary, Hilton Domestic Operating Company Inc., has finalized the terms of a $1.0 billion senior notes offering. The notes, due in 2033, will carry a 5.875% interest rate. The offering is expected to close on September 9, 2024, subject to customary conditions. Hilton intends to use the net proceeds for general corporate purposes. The notes are being offered only to qualified institutional buyers and certain non-U.S. persons in offshore transactions, in compliance with Securities Act regulations. This offering is not registered under the Securities Act and is not available to the general public.
Hilton Worldwide Holdings Inc. (NYSE: HLT) has announced that its indirect subsidiary, Hilton Domestic Operating Company Inc., plans to offer $1.0 billion aggregate principal amount of Senior Notes due 2033. The proceeds from this offering will be used for general corporate purposes. It's important to note that these Notes will not be registered under the Securities Act of 1933 and can only be offered to qualified institutional buyers and certain non-U.S. persons in offshore transactions. This offering is being conducted under Rule 144A and Regulation S of the Securities Act.
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.
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