Search

×

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…
Access this content FREE on HotelsMag.com by Logging in or Registering Now

Related Posts

In-room entertainment changes the channel
by Jeff Weinstein in Supplier News - September 18, 2021
Selling F&B during a pandemic
by Jeff Weinstein in Featured - September 17, 2021