The company said net income for Q4 2023 was $150 million and Adjusted EBITDA was $803 million. Net income for the full year was $1,151 million and Adjusted EBITDA was $3,089 million, compared with $1,257 million and $2,599 million for 2022.

1. 01

   The company said net income for Q4 2023 was $150 million and Adjusted EBITDA was $803 million. Net income for the full year was $1,151 million and Adjusted EBITDA was $3,089 million, compared with $1,257 million and $2,599 million for 2022.

2. 02

   The company said system-wide comparable RevPAR, on a currency neutral basis, increased 5.7% in Q4 compared with the same period in 2022, and 12.6% for the full year. It said both periods reflected increases in occupancy and ADR.

3. 03

   The company said its development pipeline as of December 31, 2023 included approximately 3,270 hotels and 462,400 rooms, of which 216,600 rooms were under construction. It added 33,800 rooms to the pipeline in Q4 2023 and opened 24,000 rooms.

4. 04

   The company said total capital return for the full year 2023 was $2.5 billion and that capital return for 2024 is projected to be approximately $3.0 billion. It also said full-year 2024 Adjusted EBITDA is projected to be between $3,330 million and $3,380 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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