Oct 23, 12:19 PM

Hilton Worldwide Reports Q3 Earnings Beat, Lowers Full-Year Forecast as Shares Fall 3.5%

Hilton Worldwide reported its third-quarter 2024 earnings, with adjusted EPS at $1.92, surpassing the previous $1.85. Revenue came in at $2.867 billion, slightly below the previous $2.86 billion. Net income for the quarter was $344 million, and adjusted EBITDA was $904 million. System-wide comparable RevPAR increased by 1.4%. The company has lowered its full-year net income forecast to between $1.41 billion and $1.43 billion, down from the previous range of $1.53 billion to $1.56 billion. Hilton also cut its 2024 room revenue growth forecast due to slowing consumer spending. The company's shares fell by 3.5% in pre-market trading following the report.

#Hilton Worldwide #Hilton

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