{"id":9895,"date":"2021-02-17T18:35:15","date_gmt":"2021-02-18T00:35:15","guid":{"rendered":"http:\/\/planesintheair.com\/?p=9895"},"modified":"2021-02-17T18:35:23","modified_gmt":"2021-02-18T00:35:23","slug":"hilton-reports-fourth-quarter-and-full-year-results","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=9895","title":{"rendered":"Hilton Reports Fourth Quarter and Full Year Results"},"content":{"rendered":"\n<p>MCLEAN, Virginia &#8211; Hilton Worldwide Holdings Inc. (&#8220;Hilton&#8221; or the &#8220;Company&#8221;) (NYSE: <a href=\"https:\/\/www.zacks.com\/stock\/quote\/HLT?q=HLT\" target=\"_blank\" rel=\"noreferrer noopener\">HLT<\/a>) today reported its fourth quarter and full year 2020 results. The following results reflect the material impact that the novel coronavirus (&#8220;COVID-19&#8221;) pandemic has had on Hilton&#8217;s business. Highlights include:\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Diluted EPS was $(0.80) for the fourth quarter and $(2.56) for the full year, and diluted EPS, adjusted for special items, was $(0.10) for the fourth quarter and $0.10 for the full year<\/li><li>Net loss was $225 million for the fourth quarter and $720 million for the full year<\/li><li>Adjusted EBITDA was $204 million for the fourth quarter and $842 million for the full year<\/li><li>System-wide comparable RevPAR decreased 59.2 percent and 56.7 percent on a currency neutral basis for the fourth quarter and full year, respectively, from the same periods in 2019<\/li><li>Approved 18,700 new rooms for development during the fourth quarter, bringing Hilton&#8217;s development pipeline to 397,000 rooms as of December 31, 2020<\/li><li>Opened 22,900 rooms in the fourth quarter, reaching the one million room milestone and contributing to 47,400 net additional rooms in Hilton&#8217;s system for the full year, which represented approximately 5.1 percent net unit growth from December 31, 2019&nbsp;<\/li><li>As of February 10, 2021, 97 percent of Hilton&#8217;s system-wide hotels were open<\/li><li>In December 2020, issued $1.9 billion of senior notes consisting of: (i) $800 million aggregate principal amount of 3.750% Senior Notes due 2029 and (ii) $1.1 billion aggregate principal amount of 4.000% Senior Notes due 2031; and used the net proceeds to redeem: (i) $1.0 billion in aggregate principal amount of outstanding 4.250% Senior Notes due 2024 and (ii) $900 million in aggregate principal amount of outstanding 4.625% Senior Notes due 2025&nbsp;<\/li><li>In January 2021, repaid $250 million of the outstanding debt balance under the $1.75 billion senior secured revolving credit facility<\/li><li>In February 2021, issued $1.5 billion aggregate principal amount of 3.625% Senior Notes due 2032 and used the net proceeds to redeem $1.5 billion in aggregate principal amount of outstanding 5.125% Senior Notes due 2026<\/li><\/ul>\n\n\n\n<p>Click the link below to view the full press release!<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/newsroom.hilton.com\/assets\/HWW\/docs\/2021\/Q1\/2020-Q4-Earnings-Release-FINAL.pdf\" target=\"_blank\">https:\/\/newsroom.hilton.com\/assets\/HWW\/docs\/2021\/Q1\/2020-Q4-Earnings-Release-FINAL.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MCLEAN, Virginia &#8211; Hilton Worldwide Holdings Inc. (&#8220;Hilton&#8221; or the &#8220;Company&#8221;) (NYSE: HLT) today reported its fourth quarter and full year 2020 results. The following results reflect the material impact that the novel coronavirus (&#8220;COVID-19&#8221;) pandemic has had on Hilton&#8217;s business. Highlights include: <\/p>\n","protected":false},"author":1,"featured_media":9896,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5637,3448,13618,8222,10701,10700,10339,5992,5670,2203,5500,1770,5676,7067,10169,10176,1397,10195,10171,10182,1103],"tags":[1649,2819,988,10030,10634,2020,4315,2075,3042,2514,4180,2985,10059,3380,13832,807,1779,1771,5084,6093,3759,6086,7715,2073,718,412,5962,11871,1401,10938,9032,1326,4857,2067,6092,3788,101,850,839,4353],"class_list":["post-9895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-casino-news","category-communications-news","category-consumer-news","category-coronavirus","category-covid-19","category-e-commerce","category-economic-news","category-economy-news","category-finance-news","category-frequent-flyer-news","category-hotel-news","category-international-news","category-luxury-news","category-news","category-stock-news-2","category-stock-news","category-transport","category-transportation","category-travel","category-travel-news","tag-1649","tag-approved","tag-business","tag-coronavirus","tag-covid-19","tag-development","tag-diluted","tag-ebitda","tag-eps","tag-financial","tag-fourth","tag-full","tag-highlights","tag-hilton","tag-hlt","tag-holdings","tag-hospitality","tag-hotels","tag-impact","tag-lodging","tag-loss","tag-mclean","tag-motel","tag-net","tag-new","tag-news","tag-notes","tag-novel","tag-nyse","tag-pandemic","tag-pipeline","tag-quarter","tag-reports","tag-results","tag-rooms","tag-senior","tag-stock","tag-virginia","tag-worldwide","tag-year"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/9895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9895"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/9895\/revisions"}],"predecessor-version":[{"id":9897,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/9895\/revisions\/9897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/9896"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}