Hilton Worldwide Holdings Inc. (NYSE:HLT) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET
Company Participants
Jill Chapman - SVP, IR and Corporate Development
Christopher Nassetta - President and CEO
Kevin Jacobs - CFO and President, Global Development
Conference Call Participants
Joe Greff - JPMorgan
Shaun Kelley - Bank of America Merrill Lynch
Stephen Grambling - Morgan Stanley
Carlo Santarelli - Deutsche Bank
David Katz - Jefferies
Robin Farley - UBS
Smedes Rose - Citi
Lizzie Dove - Goldman Sachs
Brandt Montour - Barclays
Michael Bellisario - Baird
Meredith Jensen - HSBC
Chad Beynon - Macquarie
Patrick Scholes - Truist Securities
Operator
Good morning and welcome to the Hilton Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Jill Chapman, Senior Vice President, Head of Development Operations and Investor Relations. You may begin.
Jill Chapman
Thank you. Chad. Welcome to Hilton’s third quarter 2024 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 second quarter results and discuss our expectations for the year. Following their remarks, we’ll be happy to take your questions.
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. Our third quarter results continued to demonstrate the strength of our business model as strong net unit growth helped drive solid bottom line performance. Adjusted EBITDA and adjusted EPS both exceeded the high end of our guidance, despite softer-than-expected RevPAR performance.