Dependency On Business TravelersHilton has a higher dependency on business travelers to drive demand, with approximately 50% of total room demand from that segment, which is generally more volatile and dependent on macroeconomic conditions.
Financial PerformanceHilton recorded a $47 million loss on debt guarantees for certain managed hotels and made $62 million in payments during the quarter.
RevPAR Growth1Q24 systemwide RevPAR growth of 2.0% year-over-year was at the low end of the 1Q24 guidance of 2.0% to 4.0%, impacted by inclement weather, renovations, and holiday shifts.