2024-03-24 10:15:00 ET
Summary
- Hilton generated strong financial performance in 2023.
- Favorable metrics reflect both the continued late-cycle international recovery from COVID-related industrywide disruption and strong domestic trends.
- Near-term industry trends remain favorable, which will continue to benefit HLT.
The following segment was excerpted from this fund letter.
Hilton ( HLT )
Hilton is a high-quality, asset-light, high-margin business with significant long-term growth potential....
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For further details see:
Pershing Square - Hilton: Industry Trends Driving Robust Earnings Growth