Hilton reports Q3 adjusted EPS $1.67, consensus $1.67

Reports Q3 revenue $2.67B, consensus $2.62B. Q3 system-wide comparable RevPAR increased 11.4%, on a currency neutral basis, compared to the same period in 2019. Christopher J. Nassetta, President & CEO, said, “We continued to see strong results during the third quarter, exceeding our expectations for system-wide RevPAR growth, with growth across all customer segments. We also continue to leverage our industry-leading portfolio of brands to drive further growth of our global network. We believe we have hit an inflection point and expect a meaningful uptick in openings in the fourth quarter with continued positive momentum into next year. With a record number of approvals year-to-date driving the largest pipeline in our history, we are confident in our ability to accelerate net unit growth to 5.5%-6.0% next year.”