Hilton Worldwide Holdings, Inc. (HLT) CEO Christopher Nassetta on Q1 2022 Results - Earnings Call Transcript

Hilton Worldwide Holdings, Inc. (NYSE:HLT) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET

Company Participants

Jill Slattery - Director, IR

Christopher Nassetta - President, CEO & Director

Kevin Jacobs - CFO & President, Global Development

Conference Call Participants

Joseph Greff - JPMorgan Chase & Co.

Carlo Santarelli - Deutsche Bank

Shaun Kelley - Bank of America Merrill Lynch

Thomas Allen - Morgan Stanley

Stephen Grambling - Goldman Sachs Group

David Katz - Jefferies

Smedes Rose - Citigroup

Robin Farley - UBS

Charles Scholes - Truist Securities

William Crow - Raymond James & Associates

Chad Beynon - Macquarie Research

Richard Clarke - Sanford C. Bernstein & Co.

Vince Ciepiel - Cleveland Research Company

Operator

Good morning, and welcome to the Hilton's First Quarter 2022 Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Jill Slattery, Senior Vice President, Investor Relations and Corporate Development. You may begin.

Jill Slattery

Thank you, Chad. Welcome to Hilton's First Quarter 2022 Earnings Call.

Before we begin, we would like to remind you that our discussions this morning will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements, and forward-looking statements made today speak only to our expectations as of today. We undertake no obligation to update or revise these statements.

For a discussion of some of the risk factors that could cause actual results to differ, please see the Risk Factors section of our most recently filed Form 10-K.

In addition, we will refer to certain non-GAAP financial measures on this call. You can find reconciliations of non-GAAP to GAAP financial measures discussed in today's call in our earnings press release and on our website at ir.hilton.com.

This morning, Chris Nassetta, our President and Chief Executive Officer, will provide an overview of the current operating environment and the company's outlook. Kevin Jacobs, our Chief Financial Officer and President, Global Development, will then review our first quarter results and discuss our expectations for the year. Following their remarks, we'll be happy to take your questions.

And with that, I'm pleased to turn the call over to Chris.

Christopher Nassetta

Thank you, Jill. Good morning, everyone, and thanks for joining us today. Before we begin, I'd like to take a minute to express our sadness at the tragic events continuing to unfold in Ukraine. Our hotels have always been a part of the fabric of the communities we serve, and we take our promise to make those communities better places to live and work very seriously. Along with the steps we've taken to protect our team members and guests, we've also partnered with American Express and our ownership community to donate up to 1 million room nights across Europe to support Ukrainian refugees and humanitarian relief efforts. Additionally, the Hilton Global Foundation has contributed to World Central Kitchen and Project Hope to further assist with the humanitarian aid. We are keeping our Hilton family and everyone impacted by these horrific events in our thoughts and hope for a peaceful resolution to this crisis.