Hilton Worldwide Hldgs Inc Stock Price, News & Analysis

Hilton's 2023 trends report highlights evolving traveler preferences, emphasizing the demand for deeper connections, wellness integration, and frictionless travel experiences. Key findings from a survey of over 7,000 travelers indicate that 49% seek immersion in local cultures, while 50% prioritize wellness during travel. Hilton's partnership with Peloton aims to enhance wellness offerings in its U.S. properties. The report underscores the importance of personalized services, with 86% of respondents desiring recognition and tailored experiences during their stays.

Hilton's 2023 trends report reveals that travelers are evolving, prioritizing deeper human experiences, wellness, and personalized service. Based on a global survey, 84% aim to travel as much or more this year, with 49% desiring immersion in local cultures. Wellness is a focus, with 50% seeking experiences that align with their holistic goals, and 86% want personalized attention. Additionally, 56% of travelers want innovations that ease travel. The report showcases Hilton's readiness to meet these desires across its 7,000 properties globally.

Hilton Worldwide Holdings Inc. (NYSE: HLT) has authorized an additional $2.5 billion for its stock repurchase program, increasing the total authorized amount to approximately $3.4 billion. This initiative allows Hilton to buy shares in varied manners, depending on liquidity and market conditions. While the program aims to enhance shareholder value, it does not guarantee repurchases, which may be suspended at any time. Investors should consider the broader economic challenges mentioned in the forward-looking statements, including inflation and competition.

Hilton Worldwide Holdings Inc. (NYSE: HLT) reported robust third-quarter results for 2022. Diluted EPS reached $1.26, with adjusted EPS at $1.31, surpassing guidance. Net income was $346 million, while Adjusted EBITDA was $732 million. System-wide comparable RevPAR surged 29.9% year-over-year and exceeded pre-pandemic levels for the first time. The company opened 80 hotels, adding 12,900 rooms, and has a development pipeline of 416,000 rooms. Full-year projections estimate a 40-43% increase in RevPAR, with net income expected between $1,219 million and $1,240 million.

Hilton (NYSE: HLT) and Peloton Interactive, Inc. (NASDAQ: PTON) have announced a landmark partnership, making Hilton the first hospitality brand to incorporate Peloton Bikes in all 5,400 U.S. hotels by year's end. This initiative responds to a Hilton survey indicating 98% of travelers prioritize wellness, with 90% of Peloton members preferring hotels featuring Peloton equipment. Moreover, Hilton Honors members will enjoy exclusive offers, including a 90-day Peloton App trial, enhancing their travel experience and promoting health-conscious stays.

Hilton Worldwide Holdings Inc. (NYSE: HLT) will announce its third-quarter 2022 financial results on October 26, 2022, before the market opens. The announcement will be followed by a conference call at 10 a.m. EDT, led by CEO Christopher J. Nassetta and CFO Kevin Jacobs. Investors can join the live webcast via the Hilton Investor Relations website. A replay will also be available. Hilton is recognized globally with 7,000 properties in 122 countries and has been acknowledged for its hospitality and sustainability efforts.

Voyager Space has named Hilton as the official hotel partner for its upcoming Starlab commercial space station. This collaboration aims to enhance the guest experience in space by leveraging Hilton's hospitality expertise in designing crew suites. Voyager's Starlab, funded by a $160 million NASA contract, will serve as a free-flying station with capabilities to host four astronauts continuously. The partnership will also explore opportunities for future astronaut experiences and global co-marketing.

Hilton (NYSE: HLT) will maintain its headquarters in Fairfax County, Virginia, with plans for significant upgrades to its facility. The company aims to create a vibrant workspace that integrates technology to meet modern workforce needs and is set to generate 350 new headquarters jobs over five years. Virginia Governor Glenn Youngkin approved $6 million in grants to support Hilton's project, underscoring the company's commitment to the region.

Hilton has been headquartered in Fairfax since 2009 and continues to play a crucial role in the local economy.

DoubleTree by Hilton invites fans to participate in the inaugural DoubleTree Doodle Contest in celebration of National Chocolate Chip Cookie Day on August 4. Contestants can submit designs for the cookie sleeve used for over 30 years. The winning design will be featured in more than 350 hotels starting January 2023, with the winner receiving one million Hilton Honors Points, five free night stays, a $1,000 Delta Airlines gift card, and cookies for a year. Entries are accepted until August 18, with winners announced on September 2.