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Hilton Worldwide Holdings Inc. is a leading global hospitality company with a diverse portfolio of 24 world-class brands, operating over 8,300 properties and more than 1.25 million rooms across 138 countries and territories . The company primarily engages in managing and franchising hotels, as well as owning and leasing hotel properties. Hilton generates revenue through management and franchise fees, licensing fees, and sales from its owned and leased hotels . The company is focused on expanding its global hotel network and enhancing guest experiences through technology and its loyalty program, Hilton Honors, which boasts over 200 million members .
- Management and Franchise - Manages hotels for third-party owners and licenses Hilton's intellectual property to franchised hotels, generating revenue from management and franchise fees, as well as licensing fees from strategic partners .
- Ownership - Operates consolidated owned and leased hotels, deriving revenue from nightly hotel room sales, food and beverage sales, and other services .
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Given that RevPAR growth came in below your guidance due to softer ramp in September and ongoing macro uncertainties, how confident are you in achieving your 2025 EBITDA target without exceeding the 1%-2% RevPAR growth range many in the industry are forecasting?
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You mentioned that conversions accounted for a significant portion of your net unit growth; can you elaborate on the sustainability of this trend and how you plan to maintain such high levels of conversions in the face of increasing competition?
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With over 80% of your pipeline under construction being outside the U.S., particularly in markets like China that have faced economic slowdowns and real estate issues, what risks do you see to your net unit growth targets if these markets don't recover as expected?
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As you expand aggressively internationally, how are you adapting your brands to different markets, and what challenges have you faced in maintaining brand standards and performance across diverse regions?
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Regarding your recent tuck-in brand acquisitions like Graduate Hotels and the partnership with Small Luxury Hotels of the World, can you quantify the initial impact on earnings and discuss how these investments align with your ROI targets compared to developing brands internally?
Competitors mentioned in the company's latest 10K filing.
- Accor S.A. - Mentioned as a primary global competitor in the hospitality industry .
- Choice Hotels International - Mentioned as a primary global competitor in the hospitality industry .
- Hongkong and Shanghai Hotels - Mentioned as a primary global competitor in the hospitality industry .
- Hyatt Hotels Corporation - Mentioned as a primary global competitor in the hospitality industry .
- Intercontinental Hotel Group - Mentioned as a primary global competitor in the hospitality industry .
- Marriott International - Mentioned as a primary global competitor in the hospitality industry .
- Radisson Hotel Group - Mentioned as a primary global competitor in the hospitality industry .
- Wyndham Hotels & Resorts - Mentioned as a primary global competitor in the hospitality industry .
Recent developments and announcements about HLT.
Corporate Leadership
Leadership Change
Michael W. Duffy is leaving his position as Senior Vice President, Chief Accounting and Risk Officer at Hilton Worldwide Holdings Inc. to pursue an opportunity outside the company. His departure is effective February 7, 2025, and is not due to any disagreement with the company . Misha Moylan will step up to assume the responsibilities of the principal accounting officer in the role of Senior Vice President, Chief Accounting Officer. Moylan has been with the company since 2010 and has served as head of Internal Audit since September 2019 .