Q1 2025 Hilton Worldwide Holdings Inc Earnings Call Transcript
Key Points
- Hilton Worldwide Holdings Inc (HLT) exceeded expectations for adjusted EBITDA and adjusted EPS in the first quarter of 2025.
- The company reported a 2.5% year-over-year growth in system-wide RevPAR, driven by strong group bookings and urban market performance.
- Hilton Worldwide Holdings Inc (HLT) achieved a net unit growth of 7.2% with 186 new hotel openings, representing a 20% year-over-year increase.
- The development pipeline expanded to over 503,000 rooms, with a 7% year-over-year increase and significant international growth.
- Hilton Worldwide Holdings Inc (HLT) was named the number one best company to work for in the United States by Great Place to Work and Fortune for the second consecutive year.
- Broader macroeconomic uncertainty intensified in March, leading to pressured demand, particularly in the leisure segment.
- Second quarter RevPAR is expected to be approximately flat year-over-year due to ongoing macroeconomic uncertainty and the Easter holiday shift.
- Leisure-transient RevPAR growth was only 1%, with softening demand patterns as the quarter progressed.
- Short-term bookings have remained roughly flat year-over-year, indicating a wait-and-see approach from travelers.
- RevPAR in the Asia Pacific region was flat year-over-year, with a decline in China due to strong outbound travel during Chinese New Year and tough year-over-year comparisons.
Good morning, and welcome to the Hilton first-quarter 2025 earnings conference call. (Operator Instructions) Please note that this event is being recorded. I would now like to turn the conference over to Jill Chapman, Senior Vice President, Head of Development Operations and Investor Relations. You may begin.
Thank you, Nick. Welcome to Hilton's first-quarter 2025 earnings call. Before we begin, we would like to remind you that our discussions this morning will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements, and forward-looking statements made today speak only to our expectations as of today. We undertake no obligation to update or revise these statements.
For a discussion of some of the factors that could cause actual results to differ, please see the risk factor section of our most recently filed Form 10-K. In addition, we will refer to certain non
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