Global/Corporate News

Hilton Reports Second Quarter Results and Progress on Planned Spin Transactions

July 27, 2016
 

MCLEAN, Va. - Hilton Worldwide Holdings Inc. ("Hilton," "Hilton Worldwide" or the "Company") (NYSE: HLT) today reported its second quarter 2016 results. Highlights include:

  • EPS, adjusted for special items, was $0.25 for the second quarter; without adjustments, EPS was $0.24
  • Net income for the second quarter was $244 million, an increase of $77 million from the same period in 2015
  • Adjusted EBITDA for the second quarter was $806 million, an increase of 4 percent from the same period in 2015, and Adjusted EBITDA margin increased 100 basis points
  • System-wide comparable RevPAR increased 2.9 percent for the second quarter on a currency neutral basis from the same period in 2015
  • Management and franchise fees for the second quarter increased 9 percent from the same period in 2015 to $471 million
  • Net unit growth was 10,400 rooms in the second quarter contributing to a 7 percent growth in managed and franchised rooms from 2015
  • Approved 24,000 new rooms for development during the second quarter, growing Hilton's development pipeline to 1,822 hotels, consisting of 288,000 rooms
  • Filed registration statements for planned spin-offs of Park Hotels & Resorts and Hilton Grand Vacations and announced management teams for both companies; remains on track to complete spin transactions by year end

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