Hilton Worldwide Holdings (HLT, Financial) was featured in the Pershing Square Semiannual 2024 Letter for Q2 as a key holding benefiting from strong global demand and favorable supply conditions. The company reported a 3.5% increase in RevPAR and a 10% growth in aggregate fee revenues. Hilton's strategic focus on net unit growth and new brand concepts is expected to support its long-term growth targets, despite a slight reduction in RevPAR guidance due to macroeconomic challenges.
"Net unit growth continues to accelerate towards Hilton’s 6% to 7% long-term growth target supported by new brand concepts including Spark and LivSmart Studios by Hilton." — Bill Ackman (Trades, Portfolio), Pershing Square, Semiannual 2024 Q2 Fund Letter
Read full letter at gurufocus Bill Ackman's Pershing Square Semiannual 2024 Letter 2024 Q2 page.