Sector: Consumer Discretionary|Industry: Lodging|Market Cap: $59.12B|Employees: 178K
Hilton Worldwide Holdings Inc. is one of the largest hospitality companies in the world, operating a vast portfolio of hotels and resorts across 126 countries and territories. The company's core business model revolves around managing and franchising hotels under various brands, catering to a diverse range of customer preferences. Hilton's competitive advantages include its well-established brand portfolio and its award-winning guest loyalty program, Hilton Honors.
Total revenues increased to $2.867 billion, up from $2.673 billion year-over-year. This growth is primarily driven by an increase in franchise and licensing fees, and base and other management fees.
Owned and leased hotel revenues decreased slightly to $330 million from $335 million year-over-year. This is partially offset by a currency neutral increase of $11 million.
Net income attributable to Hilton stockholders decreased to $344 million from $377 million year-over-year. This is despite the increase in revenues, indicating potential margin pressures.