Hilton Worldwide Holdings Inc. (NYSE:HLT) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET

Company Participants

Jill Chapman - SVP, IR and Corporate Development

Chris Nassetta - President and CEO

Kevin Jacobs - CFO and President, Global Development

Conference Call Participants

Shaun Kelley - Bank of America

Joe Greff - JPMorgan

Carlo Santarelli - Deutsche Bank

Stephen Grambling - Morgan Stanley

David Katz - Jefferies

Smedes Rose - Citi

Brandt Montour - Barclays

Robin Farley - UBS

Patrick Scholes - Truist Securities

Duane Pfennigwerth - Evercore ISI

Chad Beynon - Macquarie

Michael Bellisario - Baird

Bill Crow - Raymond James

Operator

Hello, and welcome to the Hilton's Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask question. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Jill Chapman, Senior Vice President, Investor Relations and Corporate Development. You may begin.

Jill Chapman

Thank you, MJ. Welcome to Hilton's third quarter 2023 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 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 third quarter results and discuss our expectations for the year. Following their remarks, we will be happy to take your questions.

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

Chris Nassetta

Thanks, Jill, and good morning, everyone, and thanks for joining us today. I wanted to start today by saying that our thoughts are with all of those impacted by the tragic events that are unfolding in the Middle East.