Hilton Worldwide Holdings Inc. Q1 2024 10-Q Filing

Ticker: HLT · Form: 10-Q · Filed: 2024-04-24T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, quarterly-filing, financials

TL;DR

Hilton's Q1 2024 10-Q is in. Check financials.

AI Summary

Hilton Worldwide Holdings Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Key financial data and business segment information are presented, reflecting the company's ongoing activities in the hospitality sector.

Why It Matters

This filing provides investors with a detailed look at Hilton's financial health and operational performance in the first quarter of 2024, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Players & Entities

Hilton Worldwide Holdings Inc. (company) — Filer of the 10-Q
20240331 (date) — Period of report
20240424 (date) — Filing date

FAQ

What were Hilton's franchise and licensing fees for Q1 2024 compared to Q1 2023?

The filing indicates franchise and licensing fees were reported for the periods January 1, 2024 to March 31, 2024, and January 1, 2023 to March 31, 2023, though specific dollar amounts are not detailed in this header.

What is the company's fiscal year end?

Hilton Worldwide Holdings Inc.'s fiscal year ends on December 31.

In which state was Hilton Worldwide Holdings Inc. incorporated?

Hilton Worldwide Holdings Inc. was incorporated in Delaware (DE).

What is the business address of Hilton Worldwide Holdings Inc.?

The business address is 7930 Jones Branch Drive, Suite 1100, McLean, VA 22102.

What is the SEC file number for Hilton Worldwide Holdings Inc.?

The SEC file number is 001-36243.

From the Filing

0001585689-24-000101.txt : 20240424 0001585689-24-000101.hdr.sgml : 20240424 20240424100209 ACCESSION NUMBER: 0001585689-24-000101 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 70 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240424 DATE AS OF CHANGE: 20240424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hilton Worldwide Holdings Inc. CENTRAL INDEX KEY: 0001585689 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 274384691 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36243 FILM NUMBER: 24867292 BUSINESS ADDRESS: STREET 1: 7930 JONES BRANCH DRIVE, SUITE 1100 CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 703-883-1000 MAIL ADDRESS: STREET 1: 7930 JONES BRANCH DRIVE, SUITE 1100 CITY: MCLEAN STATE: VA ZIP: 22102 10-Q 1 hlt-20240331.htm 10-Q hlt-20240331 0001585689 --12-31 2024 Q1 FALSE P2Y 0001585689 2024-01-01 2024-03-31 0001585689 2024-04-19 xbrli:shares 0001585689 2024-03-31 iso4217:USD 0001585689 2023-12-31 0001585689 hlt:ManagementAndFranchiseAgreementsMember 2024-03-31 0001585689 hlt:ManagementAndFranchiseAgreementsMember 2023-12-31 0001585689 us-gaap:OtherIntangibleAssetsMember 2024-03-31 0001585689 us-gaap:OtherIntangibleAssetsMember 2023-12-31 0001585689 hlt:GuestLoyaltyProgramMember 2024-03-31 0001585689 hlt:GuestLoyaltyProgramMember 2023-12-31 iso4217:USD xbrli:shares 0001585689 hlt:FranchiseandlicensingfeesMember 2024-01-01 2024-03-31 0001585689 hlt:FranchiseandlicensingfeesMember 2023-01-01 2023-03-31 0001585689 us-gaap:ManagementServiceBaseMember 2024-01-01 2024-03-31 0001585689 us-gaap:ManagementServiceBaseMember 2023-01-01 2023-03-31 0001585689 us-gaap:ManagementServiceIncentiveMember 2024-01-01 2024-03-31 0001585689 us-gaap:ManagementServiceIncentiveMember 2023-01-01 2023-03-31 0001585689 us-gaap:HotelOwnedMember 2024-01-01 2024-03-31 0001585689 us-gaap:HotelOwnedMember 2023-01-01 2023-03-31 0001585689 us-gaap:HotelOtherMember 2024-01-01 2024-03-31 0001585689 us-gaap:HotelOtherMember 2023-01-01 2023-03-31 0001585689 hlt:TotalrevenuesexcludingreimbursablerevenuesMember 2024-01-01 2024-03-31 0001585689 hlt:TotalrevenuesexcludingreimbursablerevenuesMember 2023-01-01 2023-03-31 0001585689 hlt:ReimbursementRevenueMember 2024-01-01 2024-03-31 0001585689 hlt:ReimbursementRevenueMember 2023-01-01 2023-03-31 0001585689 2023-01-01 2023-03-31 0001585689 2022-12-31 0001585689 2023-03-31 0001585689 hlt:GraduateHotelsMember 2024-01-01 2024-03-31 hlt:Hotel 0001585689 hlt:LoyaltyProgramRevenuesMember 2024-03-31 0001585689 hlt:LoyaltyProgramRevenuesMember 2024-01-01 2024-03-31 0001585689 hlt:ApplicationInitiationAndOtherFeesAndCertainIndirectReimbursementsMember 2024-03-31 0001585689 hlt:RevenuesOtherObligationsMember 2024-03-31 0001585689 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-03-31 0001585689 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2023-12-31 0001585689 us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember 2023-01-01 2023-03-31 0001585689 hlt:SeniorSecuredTermLoanFacilityDue2028Member 2024-03-31 utr:Rate 0001585689 hlt:SeniorSecuredTermLoanFacilityDue2028Member 2023-12-31 0001585689 hlt:SeniorSecuredTermLoanFacilityDue2030Member 2024-03-31 0001585689 hlt:SeniorSecuredTermLoanFacilityDue2030Member 2023-12-31 0001585689 hlt:A5375SeniorNotesDue2025Member 2024-03-31 0001585689 hlt:A5375SeniorNotesDue2025Member 2023-12-31 0001585689 hlt:Seniornotesdue2027Member 2024-03-31 0001585689 hlt:Seniornotesdue2027Member 2023-12-31 0001585689 hlt:SeniorNotesDue2028Member 2024-03-31 0001585689 hlt:SeniorNotesDue2028Member 2023-12-31 0001585689 hlt:A5.875SeniorNotesDue2029Member 2024-03-31 0001585689 hlt:A5.875SeniorNotesDue2029Member 2023-12-31 0001585689 hlt:A3.750SeniorNotesDue2029Member 2024-03-31 0001585689 hlt:A3.750SeniorNotesDue2029Member 2023-12-31 0001585689 hlt:SeniorNotesdue2030Member 2024-03-31 0001585689 hlt: