The following is a summary of the Hilton Worldwide Holdings Inc. (HLT) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Hilton Worldwide reported a systemwide RevPAR increase of 2% YoY and adjusted EBITDA was $750 million, up 17% YoY, primarily due to better-than-expected fee growth.

• Hilton's Q1 2024 diluted earnings per share, adjusted for special items, stood at $1.53.

• Hilton experienced a significant increase in base and other fees by about 32% over the year, attributed to a successful mix of managed hotels, improved license fee performance, and substantial growth in the purchasing business.

Business Progress:

• Hilton announced several new partnerships and expanded its portfolio through acquisitions.

• The company opened 100 new hotels, adding 17,000 rooms in Q1 2024 and realized a net unit growth of 5.6%.

• For FY 2024, Hilton expects a net unit growth of 6% to 6.5%, excluding the planned addition of Graduate Hotels.

• Hilton continues to invest in digital technology to enhance customer experience and drive higher revenue.

• Hilton's CEO anticipates a return to pre-pandemic group demand by year-end. The company plans to expand occupancy with a focus on group and business transient segments.

• Hilton aims to compete efficiently with other luxury lifestyle brands through its partnership with NoMad, expecting to add around 100 new hotels over time.

• Hilton's new brand, Spark, is anticipated to be a disruptive force, bringing innovation to a new segment.

More details: Hilton Worldwide IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.