Hilton Worldwide reports fourth quarter and full year 2013 results (United States)
Hilton Worldwide Holdings Inc. ("Hilton," "Hilton Worldwide" or the "Company")(NYSE: HLT) today reported its fourth quarter and full year 2013 results. |
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Hilton Worldwide reports fourth quarter and full year 2013 results (United States)
Hilton Worldwide Holdings Inc. ("Hilton," "Hilton Worldwide" or the "Company")(NYSE: HLT) today reported its fourth quarter and full year 2013 results. |
Category: - United States - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2014-02-28
Including :
• Earnings per share ("EPS"), adjusted for special items, for the fourth quarter increased 10 percent from the prior year to $0.11 and full year adjusted EPS increased 18 percent from 2012 to $0.53; without adjustments, EPS was $0.03 for the fourth quarter and $0.45 for the full year.
• Adjusted EBITDA for the fourth quarter increased 16 percent from the prior year to $603 million and increased 13 percent to $2,210 million for the full year; net income attributable to Hilton stockholders was $26 million for the fourth quarter and $415 million for the full year.
• Adjusted EBITDA margin increased over 300 basis points for both the fourth quarter and full year 2013 from the same periods in 2012.
• System-wide comparable RevPAR increased 4.7 percent and 5.2 percent for the fourth quarter and full year 2013, respectively, on a currency neutral basis.
• Gross operating profit margins for comparable U.S. owned and managed hotels increased 186 basis points for full year 2013 compared to 2012 and increased 154 basis points on a global basis.
• Management and franchise fees for the fourth quarter were $333 million, a 10 percent increase from 2012, and $1,271 million for the full year, an 8 percent increase.
• Ownership segment Adjusted EBITDA for the fourth quarter was $254 million, a 12 percent increase from 2012, and $926 million for the full year, an increase of 17 percent; results were driven by strong RevPAR growth in 2013 of 6.8 percent at comparable U.S. owned and leased hotels and an increase in gross operating profit margins at U.S. owned and leased hotels of 254 basis points in 2013.
• Timeshare segment Adjusted EBITDA was $92 million for the fourth quarter and $297 million for the full year, an increase of 18 percent from 2012.
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