Hilton Worldwide Q3 Earnings Beats Estimates On Higher Occupancy, Stock Dips On Lackluster Outlook

Hilton Worldwide Holdings Inc. (NYSE:HLT) shares are trading lower after the company reported third-quarter results.

The company reported adjusted earnings per share of $1.92, beating the analyst consensus estimate of $1.85. Quarterly revenues of $2.867 billion missed the street view of $2.905 billion.

For the three months ending September 30, 2024, RevPAR across the system rose 1.4% from the same time last year, driven by higher occupancy and ADR. Additionally, management and franchise fee revenues grew by 8.3%.

Adjusted EBITDA was $904 million, higher than $834 million for the same period in 2023. Quarterly net income was $344 million, lower than $379 million year over year.

“We continued to demonstrate the strength of our model, opening more rooms than any other quarter in our history, surpassing ...