MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its fourth quarter and full year 2023 results. In addition, Hilton announced a new partnership with Small Luxury Hotels of the World (SLH), which will ramp up over the coming months to expand the distribution of luxury hotels. Highlights include:
- Diluted EPS was $0.57 for the fourth quarter and $4.33 for the full year
- Diluted EPS, adjusted for special items, was $1.68 for the fourth quarter and $6.21 for the full year
- Net income was $150 million for the fourth quarter and $1,151 million for the full year
- Adjusted EBITDA was $803 million for the fourth quarter and $3,089 million for the full year
- System-wide comparable RevPAR increased 5.7 percent and 12.6 percent, on a currency-neutral basis, for the fourth quarter and full year, respectively, compared to the same periods in 2022
- System-wide comparable RevPAR increased 13.5 percent and 10.7 percent, on a currency-neutral basis, for the fourth quarter and full year, respectively, compared to the same periods in 2019
- Approved 33,800 new rooms for development during the fourth quarter, bringing Hilton’s development pipeline to a record 462,400 rooms as of Dec. 31, 2023, representing growth of 11 percent from Dece. 31, 2022
- Added a record 24,000 rooms to Hilton’s system in the fourth quarter, resulting in 62,900 room openings for the full year, contributing to net unit growth of 4.9 percent
- Repurchased 4.6 million shares of Hilton common stock during the fourth quarter, bringing total capital return, including dividends, to $784 million for the quarter and $2.5 billion for the full year
- Full-year 2024 system-wide RevPAR is projected to increase between 2.0 percent and 4.0 percent on a comparable and currency-neutral basis compared to 2023; full-year net income is projected to be between $1,694 million and $1,729 million; full-year Adjusted EBITDA is projected to be between $3,330 million and $3,380 million
- Full-year 2024 capital return is projected to be approximately $3.0 billion
