Hilton sees profits rise following strong 2017

Hilton Sees Profits Rise Following Strong 2017

Hilton Worldwide has reported diluted earnings per share of $2.61 for the fourth quarter as well as $3.85 for the full year, including, in each case, the provisional effect of tax reform inside US.

Hilton Sees Profits Rise Following Strong 2017

Adjusted for special items, the figures was $0.54 for the fourth quarter as well as $2.00 for the full year

Hilton Sees Profits Rise Following Strong 2017

Net income at the hotel giant was $841 million for the fourth quarter as well as $1,264 million for the full year.

Hilton Sees Profits Rise Following Strong 2017

in which includes a $665 million provisional tax benefit for tax reform in which occurred inside fourth quarter of last year.

Hilton Sees Profits Rise Following Strong 2017

Adjusted EBITDA was $498 million for the fourth quarter, an increase of ten per cent via the fourth quarter of 2016.

Hilton Sees Profits Rise Following Strong 2017

At the same time, adjusted EBITDA was $1,965 million for the full year, an increase of 11 per cent on last year.

Hilton Sees Profits Rise Following Strong 2017

System-wide comparable RevPAR increased 3.8 per cent as well as 2.5 per cent for the fourth quarter as well as full year 2017, respectively, on a currency neutral basis via the same periods in 2016.

Hilton added 18,400 net rooms inside fourth quarter, totalling 51,0 net rooms for the full year, representing 6.5 per cent net unit growth.

Full year 2018 net income is actually projected to be between $802 million as well as $837 million.

Adjusted EBITDA, excluding the application of the fresh revenue recognition standard, is actually projected to be between $2,090 million as well as $2,140 million.

Hilton sees profits rise following strong 2017

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