Hilton Worldwide Clocks Second Consecutive Quarter For RevPAR Exceeding Pre-Pandemic Levels

Hilton Worldwide Holdings Inc HLT reported Q4 FY22 sales of $2.44 billion, up 33.1% Y/Y, beating the consensus of $2.38 billion.
The company posted an adjusted EPS of $1.59, up from $0.72 a year ago, beating the consensus of $1.22.
Christopher Nassetta, President & CEO, said, "Our fourth quarter and full-year results surpassed our expectations, with fourth quarter system-wide RevPAR meaningfully exceeding the same period in 2019 driven by growth across all segments. This marked the second consecutive quarter that RevPAR exceeded pre-pandemic levels."
For Q4, system-wide comparable RevPAR increased 24.8%, compared to the same periods in 2021, due to an increase in occupancy and average daily rate.
In Q4, Hilton opened 108 new hotels contributing 17,700 additional rooms to Hilton's system, and achieved net unit growth of 15,100 rooms.
Guidance: Hilton expects FY23 adjusted EPS of $5.42-$5.68, compared to the consensus of $5.60. For Q1, the company forecasts adjusted EPS of $1.08-$1.14 versus a consensus of $1.14.
Adjusted EBITDA expected between $590-$610 million for Q1 and $2.8-$2.9 billion for FY23.
On a currency-neutral basis, system-wide comparable RevPAR is expected to increase between 4%-8% for FY23 and 23%-27% for Q1.
Price Action: HLT shares are up 1.03% at $148.80 during the premarket session on the last check Thursday.

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