MCLEAN, Va. (February 18, 2015) - Hilton Worldwide Holdings Inc. ("Hilton," "Hilton Worldwide" or the "Company")
(NYSE: HLT) today reported its fourth quarter and full year 2014 results. Highlights include:
• EPS, adjusted for special items for the fourth quarter increased 55 percent from the prior year to $0.17 and increased 30 percent to $0.69 for the full year; without adjustments, EPS was $0.16 for the fourth quarter and $0.68 for the full year and net income attributable to Hilton stockholders was $158 million for the fourth quarter and $673 million for the full year
• Adjusted EBITDA for the fourth quarter increased 11 percent from the prior year to $668 million and increased 13.5 percent to $2,508 million for the full year • System-wide comparable RevPAR increased 6.6 percent and 7.1 percent for the fourth quarter and full year 2014, respectively, on a currency neutral basis
• Management and franchise fees were $383 million and $1,468 million for the fourth quarter and full year 2014, respectively, both 15 percent increases from the same periods in 2013
• Timeshare Adjusted EBITDA for the fourth quarter increased 11 percent from the prior year to $102 million and increased 12 percent to $334 million for the full year • Net unit growth was over 36,000 rooms in 2014, including nearly 10,000 rooms in the fourth quarter; managed and franchised rooms grew by 6 percent, all without portfolio acquisitions or major investments
• Approved 27,000 rooms for development in the fourth quarter and over 82,000 rooms during the full year, growing its development pipeline to 1,351 hotels, consisting of approximately 230,000 rooms, as of December 31, 2014
• Reduced senior secured term loan facility borrowings by $1 billion during 2014 through voluntary prepayments, including $300 million during the fourth quarter
• Full year 2015 RevPAR expected to increase between 5.0 percent and 7.0 percent and Adjusted EBITDA expected to be between $2,790 million and $2,870 million
• EPS, adjusted for special items for the fourth quarter increased 55 percent from the prior year to $0.17 and increased 30 percent to $0.69 for the full year; without adjustments, EPS was $0.16 for the fourth quarter and $0.68 for the full year and net income attributable to Hilton stockholders was $158 million for the fourth quarter and $673 million for the full year
• Adjusted EBITDA for the fourth quarter increased 11 percent from the prior year to $668 million and increased 13.5 percent to $2,508 million for the full year • System-wide comparable RevPAR increased 6.6 percent and 7.1 percent for the fourth quarter and full year 2014, respectively, on a currency neutral basis
• Management and franchise fees were $383 million and $1,468 million for the fourth quarter and full year 2014, respectively, both 15 percent increases from the same periods in 2013
• Timeshare Adjusted EBITDA for the fourth quarter increased 11 percent from the prior year to $102 million and increased 12 percent to $334 million for the full year • Net unit growth was over 36,000 rooms in 2014, including nearly 10,000 rooms in the fourth quarter; managed and franchised rooms grew by 6 percent, all without portfolio acquisitions or major investments
• Approved 27,000 rooms for development in the fourth quarter and over 82,000 rooms during the full year, growing its development pipeline to 1,351 hotels, consisting of approximately 230,000 rooms, as of December 31, 2014
• Reduced senior secured term loan facility borrowings by $1 billion during 2014 through voluntary prepayments, including $300 million during the fourth quarter
• Full year 2015 RevPAR expected to increase between 5.0 percent and 7.0 percent and Adjusted EBITDA expected to be between $2,790 million and $2,870 million
