Hilton Worldwide Reports First Quarter Results, Exceeds High End of Adjusted EBITDA Guidance
MCLEAN, Va. — Hilton Worldwide Holdings Inc. (“Hilton,” “Hilton Worldwide” or the “Company”) (NYSE: HLT) today reported its first quarter 2016 results. Highlights include:
- EPS, adjusted for special items, for the first quarter was $0.17, a 42 percent increase from the same period in 2015; without adjustments, EPS was $0.31
- Net income attributable to Hilton stockholders for the first quarter was $309 million, an increase of $159 million from the same period in 2015
- Adjusted EBITDA for the first quarter increased 9 percent from the same period in 2015 to $653 million, and Adjusted EBITDA margin increased 260 basis points
- System-wide comparable RevPAR increased 2.1 percent for the first quarter on a currency neutral basis from the same period in 2015
- Management and franchise fees for the first quarter increased 5 percent from the same period in 2015 to $409 million
- Net unit growth was 6,500 rooms in the first quarter, a 16 percent increase from the same period in 2015
- Approved 26,000 new rooms for development during the first quarter, a 14 percent increase from the same period in 2015, growing Hilton’s development pipeline to 1,729 hotels, consisting of 281,000 rooms
- As previously disclosed, registration statements for planned spin-offs of real estate and timeshare businesses expected to be filed during the second quarter
- Announced CEO and CFO appointments for planned REIT in separate press release this morning
