Welcome to our dedicated page for Hilton Worldwide Hldgs news (Ticker: HLT), a resource for investors and traders seeking the latest updates and insights on Hilton Worldwide Hldgs stock.
Hilton Worldwide Holdings Inc. (HLT) delivers trusted hospitality services through its global network of managed and franchised hotels. This news hub provides investors and industry professionals with essential updates about the company’s strategic initiatives, financial performance, and market developments.
Discover timely information on earnings announcements, management changes, property expansions, and technology innovations shaping Hilton’s operations. Our curated collection simplifies tracking of regulatory filings, partnership agreements, and brand portfolio updates relevant to HLT’s position in the competitive lodging sector.
Key areas covered: quarterly financial results, leadership appointments, sustainability initiatives, and loyalty program enhancements. Bookmark this page for direct access to Hilton’s official communications and third-party analysis of their franchise-driven growth strategy.
Hilton Worldwide Holdings Inc. (NYSE: HLT) reported its first quarter 2023 results, showcasing significant growth. Diluted EPS stood at $0.77 ($1.24 adjusted), with net income reaching $209 million and an Adjusted EBITDA of $641 million. RevPAR increased 30.0% year-over-year, with a notable 8.0% rise compared to 2019. The company approved the development of 24,900 new rooms, expanding its pipeline to 428,100 rooms. Hilton repurchased 3.2 million shares, totaling $487 million returned to shareholders. For 2023, RevPAR is projected to rise 8-11%, with net income forecasted between $1.331 billion and $1.385 billion. CEO Christopher J. Nassetta highlighted the momentum heading into 2023, raising guidance for Adjusted EBITDA to between $2.875 billion and $2.95 billion.
U.S. District Court Denies Dismissal for Diamond Resorts Case
On April 19, 2023, a significant ruling was made by U.S. District Judge Dale Fischer, allowing a lawsuit against Hilton's Diamond Resorts to proceed to trial, slated for January 23, 2024. The suit, initiated by Timeshare Compliance, impacts nearly 800 harmed timeshare owners, claiming deceptive sales practices related to contract inheritances. The judge found that Diamond Resorts failed to prove its allegations of tortious interference against Timeshare Compliance. Additionally, the court ruled that Diamond Resorts misled owners about the nature of their contracts, which can impose ongoing financial burdens on heirs. This ruling marks a pivotal victory for Timeshare Compliance and its advocates, potentially revealing an array of unethical marketing tactics employed by Diamond Resorts during the trial.
Hilton Worldwide Holdings Inc. (NYSE: HLT) will announce its first quarter 2023 financial results on April 26, 2023, before the market opens. A conference call featuring Hilton's CEO Christopher J. Nassetta and CFO Kevin Jacobs will follow at 10 a.m. EDT. Investors can access the live call through the Hilton Investor Relations website or by phone. With over 7,100 properties worldwide, Hilton is renowned for its hospitality and innovative technology enhancements aimed at improving guest experience. The company has also been recognized on the Dow Jones Sustainability Indices for six consecutive years.
FAQ
What is the current stock price of Hilton Worldwide Hldgs (HLT)?
What is the market cap of Hilton Worldwide Hldgs (HLT)?
