The company said RevPAR at its comparable franchised and managed hotels rose 9.1% and 23.2%, respectively, in 2023, and that this was the main driver of the increases in franchise fees and management fees.

1. 01

   The company said RevPAR at its comparable franchised and managed hotels rose 9.1% and 23.2%, respectively, in 2023, and that this was the main driver of the increases in franchise fees and management fees.

2. 02

   Hilton said it added 664 franchised and managed properties on a net basis, providing an additional 102,100 rooms, from January 1, 2022 to December 31, 2023. It said net unit growth for 2023 was 4.9%.

3. 03

   The company said it amended the credit agreement governing its Term Loans in November 2023, increasing the outstanding balance by $500 million, and that the higher weighted average fixed spread and other factors contributed to the rise in interest expense.

4. 04

   Hilton said it repurchased about 15.6 million shares for $2.3 billion in 2023, and that about $3.8 billion remained available under its repurchase program as of December 31, 2023.

Key figures

Fiscal year ended December 31, 2023

Revenue

$10.2B

Operating income

$2.2B

Net income

$1.1B

EPS

$4.33

Operating cash flow

$1.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.