Hilton Reports Second Quarter Results

Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) (NYSE: HLT) reported its second quarter 2021 results. The following results reflect the material impact that the novel coronavirus (“COVID-19”) pandemic has had on Hilton’s business. Highlights include:

• Diluted EPS was $0.46 for the second quarter, and diluted EPS, adjusted for special items, was $0.56
• Net income was $128 million for the second quarter
• Adjusted EBITDA was $400 million for the second quarter
• System-wide comparable RevPAR increased 233.8 percent on a currency neutral basis for the second quarter from the same period in 2020
• Approved 25,900 new rooms for development during the second quarter, bringing Hilton’s development pipeline to 401,000 rooms as of June 30, 2021
• Added 19,800 rooms to Hilton’s system in the second quarter, contributing to 17,800 net additional rooms during the period and approximately 7.0 percent annualized net unit growth from June 30, 2020
• Fully repaid the $1,190 million outstanding debt balance on the Revolving Credit Facility during the second quarter
• As of July 21, 2021, 99 percent of Hilton’s system-wide hotels were open
• Full year 2021 net unit growth is expected to be between 5.0 percent and 5.5 percent

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Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,600 properties and more than 1 million rooms, in 119 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on the 2020 World’s Best Workplaces list, and was named the 2020 Global Industry Leader on the Dow Jones Sustainability Indices. In 2020, Hilton CleanStay was introduced, bringing an industry-defining standard of cleanliness to hotels worldwide. Through the award-winning guest loyalty program Hilton Honors, the more than 118 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.