Hilton Reports First Quarter Earnings

Today 希尔顿全球酒店集团 released our earnings results for the first quarter of 2024, and I’m pleased to share that we reported another strong quarter. Bottom line results meaningfully exceeded our expectations, even with RevPAR growth of 2% at the low end of our expected range. This performance demonstrates the power of our resilient, fee-based business model and our strong development story as we expand around the world. Highlights include:

• Opening more than 100 hotels in the quarter, representing 5.6% net unit growth from March 31, 2023.
• Approving 30,000 rooms, increasing our pipeline to a record 472,300 rooms, up 2% from last quarter, and up 10% year-over-year.
• Being named the No. 1 Best Place to Work in the U.S. by Fortune magazine and Great Place to Work – our third time topping the list.
• Opening our 800th hotel in APAC, our 225th hotel in CALA, and our 3,000th Hampton property worldwide.
• Celebrating the addition of a number of new luxury and lifestyle properties, including the debut of LXR in Hawaii, the introduction of the Waldorf and Canopy brands to the Seychelles, and the highly anticipated opening of the Conrad Orlando.
• Entering into partnerships with Small Luxury Hotels of the World and AutoCamp , announcing the planned acquisition of the Graduate Hotels brand, and adding the NoMad brand to our portfolio, all intended to further our goal of serving any guest, for any travel need they have, anywhere in the world and address growing demand for luxury and lifestyle experiences.

I want to say a special thank you to our nearly half a million Team Members around the world, who are driving these results and sharing the very best of Hilton’s hospitality with every customer who walks through our doors. View our complete results here.