Sources
The TranscriptHilton CEO: "We are pleased with our first quarter results, with strong bottom line performance, even with somewhat weaker macroeconomic conditions." $HLT: +0.2% PM https://t.co/58Vlgl7rQX https://t.co/DQmANFqb1s
Rahul SharmaWe'll see if they confirm but as at airlines, Hilton slowdown appears corporate-driven & not yet leisure. US (& China) much slower than elsewhere. Luxury $HLT brands like Waldorf strong while limited service brands MUCH weaker. $MAR $ABNB $AXP $H $XLY $XLY $V $MA https://t.co/W0BJ3rv6nO
Rahul SharmaHliton says travel slowing has bled into lodging but milder than airlines. Q1 revpar +2.5% at low-end & $HLT cuts full year revpar guide to +0-2% vs +2-3%. EBITDA guide 'only' 1% lower but given high leverage more magnified on profit. $MAR $ABNB $BKNG $DAL $UAL $AXP $XLY
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