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 robust third-quarter results for 2022. Diluted EPS reached $1.26, with adjusted EPS at $1.31, surpassing guidance. Net income was $346 million, while Adjusted EBITDA was $732 million. System-wide comparable RevPAR surged 29.9% year-over-year and exceeded pre-pandemic levels for the first time. The company opened 80 hotels, adding 12,900 rooms, and has a development pipeline of 416,000 rooms. Full-year projections estimate a 40-43% increase in RevPAR, with net income expected between $1,219 million and $1,240 million.
Hilton (NYSE: HLT) and Peloton Interactive, Inc. (NASDAQ: PTON) have announced a landmark partnership, making Hilton the first hospitality brand to incorporate Peloton Bikes in all 5,400 U.S. hotels by year's end. This initiative responds to a Hilton survey indicating 98% of travelers prioritize wellness, with 90% of Peloton members preferring hotels featuring Peloton equipment. Moreover, Hilton Honors members will enjoy exclusive offers, including a 90-day Peloton App trial, enhancing their travel experience and promoting health-conscious stays.
Hilton Worldwide Holdings Inc. (NYSE: HLT) will announce its third-quarter 2022 financial results on October 26, 2022, before the market opens. The announcement will be followed by a conference call at 10 a.m. EDT, led by CEO Christopher J. Nassetta and CFO Kevin Jacobs. Investors can join the live webcast via the Hilton Investor Relations website. A replay will also be available. Hilton is recognized globally with 7,000 properties in 122 countries and has been acknowledged for its hospitality and sustainability efforts.
Voyager Space has named Hilton as the official hotel partner for its upcoming Starlab commercial space station. This collaboration aims to enhance the guest experience in space by leveraging Hilton's hospitality expertise in designing crew suites. Voyager's Starlab, funded by a $160 million NASA contract, will serve as a free-flying station with capabilities to host four astronauts continuously. The partnership will also explore opportunities for future astronaut experiences and global co-marketing.
Hilton (NYSE: HLT) will maintain its headquarters in Fairfax County, Virginia, with plans for significant upgrades to its facility. The company aims to create a vibrant workspace that integrates technology to meet modern workforce needs and is set to generate 350 new headquarters jobs over five years. Virginia Governor Glenn Youngkin approved $6 million in grants to support Hilton's project, underscoring the company's commitment to the region.
Hilton has been headquartered in Fairfax since 2009 and continues to play a crucial role in the local economy.
DoubleTree by Hilton invites fans to participate in the inaugural DoubleTree Doodle Contest in celebration of National Chocolate Chip Cookie Day on August 4. Contestants can submit designs for the cookie sleeve used for over 30 years. The winning design will be featured in more than 350 hotels starting January 2023, with the winner receiving one million Hilton Honors Points, five free night stays, a $1,000 Delta Airlines gift card, and cookies for a year. Entries are accepted until August 18, with winners announced on September 2.
Hilton Worldwide Holdings Inc. (HLT) reported strong second-quarter results for 2022, with diluted EPS at $1.32 and adjusted EPS at $1.29, surpassing guidance. The company recorded a net income of $367 million and adjusted EBITDA of $679 million, both exceeding expectations. System-wide RevPAR increased 54.3% compared to 2021 but was down 2.1% compared to 2019. Hilton's development pipeline reached 413,000 rooms, with a plan for a capital return of $1.5 billion to $1.9 billion in 2022. Outlook for 2022 includes projected diluted EPS between $4.11 and $4.36.
Hilton has launched its first global brand platform with the advertising campaign “It Matters Where You Stay.” This initiative emphasizes the importance of the hotel stay experience, highlighted by humorous portrayals of common travel pitfalls. The campaign features Paris Hilton and actress Catherine O’Hara and will roll out across various media channels in the U.S., U.K., and Asia-Pacific regions. Hilton aims to differentiate itself by focusing not just on travel destinations but on enhancing the hotel stay itself, supporting its commitment to customer care and innovative hospitality services.
Hilton announced the opening of Conrad Los Angeles, the first property of Conrad Hotels & Resorts in California, located at The Grand LA. The hotel features 305 rooms, contemporary design by Frank Gehry, and unique dining options from acclaimed chef José Andrés. Positioned in downtown LA's cultural hub, the hotel adds to Hilton’s growing portfolio. The opening is celebrated with a promotional offer of 25% off room rates until August 31, 2022. This move signifies Hilton's commitment to expanding its luxury offerings in one of the U.S.'s fastest-growing markets.
Hilton Worldwide Holdings Inc. (NYSE: HLT) will release its second quarter 2022 financial results before the market opens on July 27, 2022, followed by a conference call at 10 a.m. EST. CEO Christopher J. Nassetta and CFO Kevin Jacobs will discuss the company's performance and take questions. Interested participants can join the call via the Hilton Investor Relations website or by phone. Hilton operates a portfolio of 18 brands with over 6,800 properties globally, aiming to enhance guest experiences through digital innovations.
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