Hilton reports Q3 EPS $2.11, consensus $2.06

Reports Q3 revenue $3.12B, consensus $3.01B. Reports Q3 System-wide comparable RevPAR down 1.1%, on a currency neutral basis, vs. last year. Christopher J. Nassetta, President & CEO of Hilton (HLT), said, “Our Q3 results continued to demonstrate the resilience of our business model, delivering strong bottom line performance despite softer industry RevPAR. We remain optimistic, that in the U.S., lower interest rates, a more favorable regulatory environment, certainty on tax policy and a significant investment cycle will accelerate economic growth and travel demand, and, when paired with limited industry supply growth, should drive stronger RevPAR growth over the next several years. The quality of our development pipeline, acceleration in new development construction starts, attractiveness of our brands for conversions and continued growth of our brand presence globally gives us confidence in delivering net unit growth between 6.0% and 7.0% in 2025 and 6.0% to 7.0% over the next several years.”