Hilton Worldwide Holdings reported results for the second quarter of 2022, with a net income of $367 million and an EBITDA of $679 million.
The system-wide comparable revenue per available room (RevPAR) climbed 54.3 % in the second quarter compared to the same time in 2021 but stayed down 2.1 % from the same period in 2019. Hilton’s pipeline increased to 413,000 rooms in the second quarter, as the hotel business authorized 23,400 additional rooms for construction. During the same period, Hilton brands added 14,400 rooms to their list.
Full-year RevPAR is expected to climb between 37% and 43% over 2021, while full-year net income is expected to range between $1.146 million and $1.216 million. The adjusted EBITDA for the full year is expected to be between $2.4 million and $2.5 million.
“Our second quarter results exceeded the high end of our guidance for system-wide comparable RevPAR, diluted EPS, adjusted for special items, and Adjusted EBITDA,” Hilton CEO Christopher J. Nassetta said. “Given our strong results in the quarter, coupled with our confidence in continued recovery throughout the year, we are raising our full-year guidance, including our outlook for capital return.”
According to third-quarter predictions, system-wide comparable RevPAR will grow between 25% and 30% compared to the third quarter of 2021, and between 1% and 5% compared to the third quarter of 2019.
For the third quarter, net income is expected to range between $303 million and $324 million, while adjusted EBITDA is expected to range between $660 million and $690 million.
Earlier this week, Hilton introduced “Hilton For the Stay,” its first global brand platform highlighting the value of the hotel stay, as well as a campaign entitled “It Matters Where You Stay” to help promote the new platform.