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Hilton Reports Second Quarter Results; Exceeds Net Income and Adjusted EBITDA Expectations

MCLEAN, VA - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its second quarter 2019 results. Highlights include:

  • Diluted EPS was $0.89 for the second quarter, a 25 percent increase from the same period in 2018, and diluted EPS, adjusted for special items, was $1.06, a 23 percent increase from the same period in 2018
  • Net income for the second quarter was $261 million, a 20 percent increase from the same period in 2018, exceeding the high end of guidance
  • Adjusted EBITDA for the second quarter was $618 million, an 11 percent increase from the same period in 2018, exceeding the high end of guidance
  • System-wide comparable RevPAR increased 1.4 percent on a currency neutral basis for the second quarter from the same period in 2018
  • Approved 28,100 new rooms for development during the second quarter, growing Hilton's development pipeline to approximately 373,000 rooms as of June 30, 2019
  • Opened 17,100 rooms in the second quarter, contributing to 15,700 net additional rooms, on track to deliver approximately 6.5 percent net unit growth for the full year
  • Repurchased 4.2 million shares of Hilton common stock during the second quarter, bringing total capital return, including dividends, to approximately $426 million for the quarter and $766 million year to date through June
  • Issued $1.0 billion aggregate principal amount of 4.875% Senior Notes due 2030 and repaid $500 million on the Term Loans, bringing the outstanding balance down to $2.6 billion
  • Refinanced and extended the senior secured credit facilities, upsizing the Revolving Credit Facility to $1.75 billion and lengthening Hilton's weighted average maturity to over seven years
  • Full year system-wide comparable RevPAR is expected to increase between 1.0 percent and 2.0 percent on a currency neutral basis; full year net income is projected to be between $887 million and $909 million; full year Adjusted EBITDA is projected to be between $2,280 million and $2,310 million
  • Full year 2019 capital return is projected to be between $1.5 billion and $1.8 billion

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About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising 7,000 properties and 1.1 million rooms, in 122 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on Fortune's 100 Best Companies to Work For list and been recognized as a global leader on the Dow Jones Sustainability Indices for five consecutive years. Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the 139 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on  Facebook, Twitter, LinkedIn, Instagram and YouTube.