Big Q2 beats, strong signings for Hilton

Hilton Worldwide Holdings reported its second quarter 2021 results on Thursday with adjusted EBITDA of US$400 million, beating consensus estimates of US$335 million. Adjusted earnings per share of US$0.56 also beat consensus estimates of US$0.40. Hilton fell short of consensus estimates on total revenue, primarily from other revenues and not the fundamental base fees, according to Truist Securities. Franchise fees of US$369 million beat consensus of US$322 million. Hilton reported that systemwide comparable RevPAR increased 233.8%. Asia Pacific RevPAR was +143.1%, while U.S. stood at +233.6%. Absolute RevPAR of US$73.03 compares with US$46.23 in 1Q21, US$40.68 in 4Q20, and US$118.27…
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