Hilton Reports Third Quarter Earnings Results

Today we released our third quarter earnings results, and we delivered continued strong bottom line results that exceeded our guidance, despite softer than expected RevPAR growth. We continued to demonstrate the strength of our business model and power of our development story. In the third quarter, we achieved record net unit growth of 7.8%, opening 531 new hotels and adding 36,000 rooms, more than any other quarter in our history. We continue to have more rooms under construction than any other hotel company.

In addition to our strong development, we celebrated several other accomplishments during the quarter including:

• Opening our 8,000th hotel worldwide, our 900th hotel in Asia Pacific and our 900th hotel in EMEA.
• The opening of our 700th Home2 Suites hotel, which continues to have the industry’s largest new development pipeline in the United States.
• Debuting several brands in new markets including Spark in Canada, Embassy Suites in the UAE, Canopy in Japan, and Hampton in Switzerland.
• Being recognized as the top hospitality workplace in Latin America and Asia by Great Place to Work, adding to our impressive tally of more than 560 awards, including 58 No. 1 rankings globally since 2016.

I want to say a huge thank you to our Team Members, who are setting a new standard for hospitality in each of our hotels around the world, every single day. As we look to the end of the year, we have incredible opportunity ahead of us, and I can’t wait to see our teams in action in my travels.