Hilton reports Q4 adjusted EPS $1.68, consensus $1.57

Reports Q4 revenue $2.61B, consensus $2.61B. System-wide comparable RevPAR increased 5.7% and 12.6%, on a currency neutral basis, for the Q4 and FY24, respectively, compared to the same periods in 2022. Christopher J. Nassetta, President & CEO, said, “We delivered another year of strong top- and bottom-line results and continued to deliver on our robust development story. Positive momentum in openings continued throughout the year, with more openings in the fourth quarter than any other quarter in the Company’s history. We also achieved record signings for the year, meaningfully ahead of pre-pandemic levels. We expect this momentum to continue into 2024 and net unit growth to accelerate to the high end of our guidance range of 5.5% to 6.0%, with the opportunity for further upside of 25 to 50 basis points from our exclusive partnership with Small Luxury Hotels of the World. Adding this extraordinary portfolio over the coming months to our strong and growing luxury offerings will further enhance our already powerful network effect and give all of Hilton’s customers, including our Hilton Honors members, even more opportunities to dream, book and earn and redeem points. Powered by an award-winning culture that was recently recognized as the No. 1 World’s Best Workplace, our Hilton team is well positioned to continue driving innovation and growth in the year ahead.”