Hilton Worldwide Holdings Inc (NYSE:HLT) reported fourth-quarter fiscal 2023 sales growth of 6.8% year-on-year to $2.61 billion, in line with consensus.
Franchise and licensing fees revenue rose 11.9% Y/Y, and the owned and leased hotels revenue declined 8.3% Y/Y.
Adjusted EPS was $1.68, above the consensus of $1.57.
The occupancy rate for the quarter was 69% system-wide, with 68.2% in the U.S., 72.7% in Europe, and 76.3% in Middle East & Africa. On a currency-neutral basis, System-wide comparable RevPAR increased 5.7% Y/Y.
Hilton approved 33,800 new rooms for development during the fourth quarter, bringing its development ...