Hilton Worldwide Holdings (HLT) in Pershing Square Semiannual 2024 Q2

Strong Revenue Growth Supported by Global Demand and New Initiatives

Apr 15, 2025

Summary

Reported strong revenue growth driven by global demand and favorable supply conditions.
RevPAR increased by 3.5%, with aggregate fee revenues growing by 10%.
Net unit growth accelerating towards long-term targets, supported by new brand concepts.
Challenges include a slightly reduced RevPAR guidance due to macroeconomic conditions.
Continued focus on cost control and capital return programs to drive earnings growth.

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.

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