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
About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 23 world-class brands comprising more than 7,600 properties and nearly 1.2 million rooms, in 126 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No. 1 World’s Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices for seven consecutive years. Hilton has introduced 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 nearly 190 million Hilton Honors 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.