Hilton Worldwide, Inc. (“Hilton” or the “Company”) (NYSE: HLT) today reported net income of $273.0 million or $1.43 per diluted share for the second quarter of fiscal year 2020, compared with net income of $251.1 million or $1.40 per diluted share for the second quarter of fiscal year 2019. Excluding certain items, Hilton reported net income of $1.49 per diluted share for the second quarter of fiscal year 2020, compared with net income of $1.35 per diluted share for the second quarter of fiscal year 2019.
Hilton Worldwide, Inc. (NYSE: HLT) reported financial results for its second quarter and six months ended June 30, 2019. Highlights include: • Net loss for the second quarter of 2019 was $98 million (versus $180 million in the second quarter of 2018). • Earnings per diluted share were $0.07 for the second quarter of 2019 and $0.13 for the second quarter of 2018. • Operating earnings for the second quarter of 2019 was $74 million (versus $79 million in 2018). • Adjusted EBITDA for the second quarter of 2019 was $77 million (versus $75 million in the second quarter of 2018). • Adjusted operating cash flow for the second quarter of 2019 was $133 million
Hilton Worldwide reported second quarter revenue of $2.89 billion, up 2% over the prior year quarter, with earnings per share of $0.18, up 13% over the prior year quarter.. Read more about hilton hotels & resorts and let us know what you think.
Hilton has published its second quarter statistics for this year, claiming a recovery path with capacity more than doubling from the same period last year.
According to the study, approximately 300 hotels were closed in the first half of 2021, mostly in the United States and Europe, compared to roughly 1,205 hotels last year. As of June 30, 2021, all hotels in the globe have opened, with the exception of 100.
The revenue per available room, or RevPAR, is a key statistic for analyzing hotel income. It climbed 233.8 percent in the past three months compared to 2020 figures, with a 23.2 percent rise in the last half year.
In addition, the company’s Adjusted EBITDA (profits before interest, taxes, depreciation, and amortization) increased substantially from $51 million to $400 million in the second quarter of last year. The loss in net income fell from $432 million to $128 million, indicating a recovery curve.
Hilton’s Q2 2021 Results Infographic (photo via Hilton)
“We are excited about our strong second quarter performance, which reflects our ongoing recovery from the negative effects of the COVID-19 pandemic The broader distribution of vaccinations and the easing of travel and other restrictions have allowed for renewed interest in travel and tourism, with families embarking on long-delayed trips, and businesses scheduling in-person meetings again,” said Christopher J. Nassetta, President & Chief Executive Officer of Hilton.
“While the rate of recovery differs by area, we anticipate continuing strength in leisure demand and additional increases in business travel to fuel continued revival in the second half of the year. Nassetta added, “We are also becoming more enthusiastic about our progress, with net unit growth for the entire year anticipated to be between 5.0 percent and 5.5 percent.”
Hilton is still growing in terms of development. Hilton built 119 new hotels with a total of nearly 19,800 rooms in the three months ended June 30. In 115 countries and territories, Hilton has 2,590 hotels under construction with a total capacity of 401,000 rooms, including 30 new nations and territories with no existing Hilton properties.
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