Hilton Worldwide Holdings Inc. (NYSE: HLT) reported strong third-quarter 2024 results, with diluted EPS at $1.38 and adjusted diluted EPS at $1.92. The company recorded a net income of $344 million and an adjusted EBITDA of $904 million.
System-wide comparable RevPAR increased by 1.4% compared to Q3 2023, and Hilton approved 27,500 new rooms for development, pushing its pipeline to 492,400 rooms, an 8% year-over-year increase.
READ MORE: Four Seasons Hotel Nashville Unveils QMS Medicosmetics Products and Treatments at The Spa
The company added a record 36,600 rooms, resulting in net unit growth of 7.8% from September 2023. Hilton repurchased 3.3 million shares, with capital returns totaling $764 million for the quarter and $2.42 billion year-to-date. In September, the company issued $1.0 billion in senior notes due 2033 at 5.875%.
For the full year 2024, Hilton projects a system-wide RevPAR increase of 2.0% to 2.5%, net income between $1.41 billion and $1.43 billion, and adjusted EBITDA between $3.38 billion and $3.41 billion. The company anticipates approximately $3.0 billion in capital returns and 2025 net unit growth of 6.0% to 7.0%.
READ MORE: Ice Rodeo Returns to Four Seasons Hotel Austin: A One-of-a-Kind Winter Experience
