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Hilton has revealed that its system-wide comparable RevPAR increased 3.5% on a currency neutral basis for the three months ended 30 June 2024.
Alongside this, the company posted an adjusted EBITDA of $917m (£721m) and net income of $422m (£331.8m) for the period.
Hilton also approved 62,700 new rooms for development during the second quarter, bringing its development pipeline to a record 508,300 rooms as of 30 June.
The company added 22,400 rooms to its system in the second quarter, resulting in 18,000 net additional rooms for the second quarter, contributing to net unit growth of 6.2% compared with 30 June 2023.
It also completed the acquisition of the Graduate Hotels brand in May, expanding its lifestyle portfolio.
Furthermore, nearly 400 hotels agreed to join its system under a strategic partnership with Small Luxury Hotels of the World, beginning in July, adding an expected 18,000 rooms to its portfolio.
As a result, its full-year 2024 system-wide RevPAR is projected to increase between 2% and 3% on a comparable and currency neutral basis compared with 2023.
The company also expects its full-year net income to be between $1.53bn (£1.20bn) and $1.55bn (£1.22bn) while its full-year adjusted EBITDA is projected to be between $3.38bn (£2.66bn) and $3.41bn (£2.68bn).
