Hilton Worldwide significantly exceeds first quarter 2014 EPS and Adjusted EBITDA expectations; raises full year outlook (United States)
Hilton Worldwide Holdings Inc. today reported its first quarter 2014 results and raised its full year 2014 outlook. Highlights include: |
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Hilton Worldwide significantly exceeds first quarter 2014 EPS and Adjusted EBITDA expectations; raises full year outlook (United States)
Hilton Worldwide Holdings Inc. today reported its first quarter 2014 results and raised its full year 2014 outlook. Highlights include: |
Category: North America & West Indies / Carribean islands - United States - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2014-05-12
• EPS, adjusted for special items, for the first quarter tripled from the same period in 2013 to $0.13; without adjustments, EPS was $0.12
• Net income attributable to Hilton stockholders for the first quarter was $123 million, an increase of $89 million from the same period in 2013
• Adjusted EBITDA for the first quarter increased 22 percent from the same period in 2013 to $544 million and Adjusted EBITDA margin increased 400 basis points
• Management and franchise fees for the first quarter increased 17 percent from the same period in 2013 to $331 million
• System-wide comparable RevPAR increased 6.6 percent for the first quarter on a currency neutral basis from the same period in 2013
• Gross operating profit margins at owned and operated hotels increased 174 basis points for the first quarter compared to the same period in 2013
• Opened more than 9,000 rooms in the first quarter
• Approved 15,000 new rooms for development during the first quarter, growing its industry-leading development pipeline to 1,165 hotels, consisting of approximately 200,000 rooms as of March 31, 2014
• Reduced long-term debt by $200 million through voluntary prepayments on its senior secured term loan facility
• Increased outlook for full year 2014 Adjusted EBITDA to between $2,415 million and $2,465 million, up from $2,365 million to $2,435 million
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