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Hilton, Choice come up a bit short in Q4

Hilton Worldwide Holdings and Choice Hotels International reported Q4 2020 earnings on Wednesday. Here are the hightlights: Baird Equity Research said Hilton’s Q4 earnings came up short of expectations. “Relative to our modeling, the primary drivers of the earnings shortfall were a greater-than-expected loss within the ownership segment and below-the-line ‘other adjustment items’ that were a headwind…Systemwide RevPAR growth was flat sequentially but not unexpected, and the focus of investors is likely to be on the pace of the near-term fundamental recovery and management’s expectation for 2021 net unit growth and signings.” Highlights include:  •   Diluted EPS was US$.80 for…
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