Hilton showed strong growth in hotel openings and membership, with solid international RevPAR increases and group booking strength. However, challenges included softer-than-expected RevPAR and declines in China and leisure segments. The robust performance of the company in several areas, despite some setbacks, indicates a resilient business model.

Company Guidance

During the Hilton Third Quarter 2024 Earnings Call, the company provided guidance that highlighted several key metrics demonstrating their strong performance and outlook. Adjusted EBITDA for the third quarter was $904 million, an 8% increase year-over-year, and adjusted EPS exceeded the high end of their guidance. Hilton reported a system-wide RevPAR growth of 1.4% year-over-year, which was below their guidance range due to various external factors, but they still managed to achieve record net unit growth of 7.8%. For the full year, they anticipate RevPAR growth of 2% to 2.5% and adjusted EBITDA growth of approximately 10%. This optimism is supported by their robust development pipeline, which saw the signing of 28,000 rooms in the quarter, bringing the total pipeline to over 492,000 rooms, with half under construction. Hilton expects net unit growth to remain strong at 7% to 7.5% in 2024, highlighting their strategic expansion efforts and the resilience of their business model.

Record Hotel Openings

In Q3 2024, Hilton opened a record 531 hotels, totaling more than 36,000 rooms, marking the highest net unit growth in the company's history at 7.8%.

Hilton Honors Membership Milestone

Hilton reached 200 million Hilton Honors members, reflecting strong guest loyalty driven by the award-winning program and industry-leading brands.

Strong International RevPAR Growth

Europe saw a 7% year-over-year increase in RevPAR, bolstered by key summer events, while RevPAR in the Americas outside the U.S. rose by 4%.

Adjusted EBITDA and EPS Exceed Expectations

Adjusted EBITDA for Q3 2024 was $904 million, up 8% year-over-year, surpassing the high end of guidance. Adjusted EPS was $1.92.

Pipeline Expansion

Hilton's development pipeline grew to more than 492,000 rooms, up 8% year-over-year, with 60% located outside of the U.S. and nearly half under construction.

Strong Group Booking Trends

Group RevPAR increased by more than 5% year-over-year, with strong demand for corporate and social meetings, and future group bookings are up 10% for 2025.

---

Hilton Worldwide Holdings (HLT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HLT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 12, 2025	2024 (Q4)	1.67 / -	1.68	―	―	―
Oct 23, 2024	2024 (Q3)	1.84 / 1.92	1.67	14.97% (+0.25)	―
Aug 07, 2024	2024 (Q2)	1.86 / 1.91	1.63	17.18% (+0.28)	―
Apr 24, 2024	2024 (Q1)	1.41 / 1.53	1.24	23.39% (+0.29)	―
Feb 07, 2024	2023 (Q4)	1.57 / 1.68	1.59	5.66% (+0.09)	―
Oct 25, 2023	2023 (Q3)	1.67 / 1.67	1.31	27.48% (+0.36)	―
Jul 26, 2023	2023 (Q2)	1.58 / 1.63	1.29	26.36% (+0.34)	―
Apr 26, 2023	2023 (Q1)	1.13 / 1.24	0.71	74.65% (+0.53)	―
Feb 09, 2023	2022 (Q4)	1.22 / 1.59	0.72	120.83% (+0.87)	―
Oct 26, 2022	2022 (Q3)	1.25 / 1.31	0.78	67.95% (+0.53)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

HLT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 23, 2024	$237.99	$233.36	-1.95%
Aug 07, 2024	$206.85	$203.26	-1.74%
Apr 24, 2024	$196.64	$204.28	+3.89%
Feb 07, 2024	$194.08	$195.48	+0.72%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---