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Hilton has revealed that it posted net income of $1.54bn (£1.24bn) in the year ended 31 December 2024, exceeding the high-end of its full-year guidance.
Alongside this, the company posted adjusted EBITDA of $3.43bn (£2.77bn) also exceeding the high end of its guidance.
In Q4 alone Hilton posted a net income of $505m (£408m) and an adjusted EBITDA of $858m (£693m). Its system-wide comparable RevPAR also rose 2.7% in the full year and 3.5% in Q4 on a constant currency basis.
Hilton approved 34,200 new rooms for development during the fourth quarter, bringing its development pipeline to 498,600 rooms as of 31 December 2024, an 8% increase year-on-year.
For FY25 the company’s full year net income is projected to be between $1.83bn (£1.48bn) and $1.86bn (£1.5bn).
Furthermore, its full year adjusted EBITDA is expected to be between $3.7bn (£3bn) and $3.74bn (£3.02bn)
The company also expects its system-wide RevPAR to increase between 2% and 3% on a comparable and currency neutral basis compared to 2024.
Christopher J. Nassetta, president and CEO, said: “We are pleased to report a strong fourth quarter, with both top and bottom line results exceeding our expectations. All segments drove RevPAR outperformance, with strong trends in leisure occupancy, as well as continued growth in business transient and group results, and we expect favorable trends to continue into 2025.
“We also delivered the highest number of approvals, construction starts and openings in our history in 2024, helping us achieve net unit growth of 7.3 percent. With a development pipeline of nearly half a million rooms, we are confident that we are well positioned to deliver net unit growth between 6.0 percent and 7.0 percent in 2025.”
