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Jill SlatteryMcLean, VA 22102
+1 703 883 6043ir.hilton.com
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Nigel Glennie
+1 703 883 5262

Hilton Reports First Quarter Results

MCLEAN, VA (May 7, 2020) - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2020 results. The following results reflect the material impact that the novel coronavirus ("COVID-19") pandemic had on Hilton's business, the effects of which were not significant until March 2020. Highlights include:
Diluted EPS was $0.06 for the first quarter, and diluted EPS, adjusted for special items, was $0.74

Net income was $18 million for the first quarter

Adjusted EBITDA was $363 million for the first quarter

System-wide comparable RevPAR decreased 22.6 percent on a currency neutral basis for the first quarter from the same period in 2019

Approved 29,500 new rooms for development during the first quarter, growing Hilton's development pipeline to 405,000 rooms as of March 31, 2020, representing 9 percent growth from March 31, 2019

Opened 8,800 rooms in the first quarter, contributing to 6,100 net additional rooms

In April 2020, pre-sold Hilton Honors points to American Express for $1.0 billion in cash

In April 2020, issued $1.0 billion of senior notes consisting of: (i) $500 million aggregate principal amount of 5.375% Senior Notes due 2025 and (ii) $500 million aggregate principal amount of 5.750% Senior Notes due 2028

Giving effect to the Hilton Honors pre-sale and issuance of senior notes, as of March 31, 2020, cash, restricted cash and cash equivalents would have been $3.8 billion

















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The following information was filed by Hilton Worldwide Holdings Inc. (HLT) on Thursday, May 7, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Hilton Worldwide Holdings Inc.'s financial trajectory

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