Hilton Reports Second Quarter Results

 

MCLEAN, Va. - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its second-quarter 2021 results. The following results reflect the material impact that the novel coronavirus ("COVID-19") pandemic has had on Hilton's business. Highlights include:

• Diluted EPS was $0.46 for the second quarter, and diluted EPS, adjusted for special items, was $0.56
• Net income was $128 million for the second quarter
• Adjusted EBITDA was $400 million for the second quarter
• System-wide comparable RevPAR increased 233.8 percent on a currency-neutral basis for the second quarter from the same period in 2020
• Approved 25,900 new rooms for development during the second quarter, bringing Hilton's development pipeline to 401,000 rooms as of June 30, 2021
• Added 19,800 rooms to Hilton's system in the second quarter, contributing to 17,800 net additional rooms during the period and approximately 7.0 percent annualized net unit growth from June 30, 2020
• Fully repaid the $1,190 million outstanding debt balance on the Revolving Credit Facility during the second quarter
• As of July 21, 2021, 99 percent of Hilton's system-wide hotels were open
• Full year 2021 net unit growth is expected to be between 5.0 percent and 5.5 percent

Download the full release here.

Tags: Hilton Worldwide Holdings Inc., Hilton