Hilton Worldwide Holdings Inc.


SKU: HLT Category:


This is our first report on Hilton Worldwide, one of the largest hotel chains in the world. The company’s last quarter marked a turning point in its ongoing recovery as its system-wide RevPAR exceeded levels of 2019 for the first time since the pandemic started. The company reached 100000 open rooms across Europe during the quarter. Despite the good performance, Hilton failed to meet Wall Street expectations with respect to revenues but it did manage an earnings beat. The management also announced several strategic alliances to strengthen their international network and improve the guest experience. ADR also remained strong, improving from quarter to quarter. All categories saw rates rise above levels from 2019, with transitory leisure rates rising into the high teens and business transient and group rates rising into the mid-single digits. Besides, SMBs continue to perform better than 2019 levels. Among key developments, the management announced an industry-first relationship with Peloton, and by year’s end, all of their locations in the U.S. will have Peloton cycles in every fitness facility. We initiate coverage on the stock of Hilton Worldwide Holdings with a ‘Hold’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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