Hilton Worldwide Holdings Inc. Q2 2024 10-Q Filing

Ticker: HLT · Form: 10-Q · Filed: 2024-08-07T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, quarterly-filing, financials, hospitality

TL;DR

Hilton's Q2 2024 10-Q is in: financials and segment data released.

AI Summary

Hilton Worldwide Holdings Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key figures and segment information are provided, reflecting the company's ongoing business activities in the hotel and hospitality sector.

Why It Matters

This filing provides investors and analysts with the latest financial performance data for Hilton, crucial for understanding the company's health and future prospects in the hospitality industry.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing and does not inherently present new risks.

Key Players & Entities

Hilton Worldwide Holdings Inc. (company) — Filer of the 10-Q
2024-06-30 (date) — End of the reporting period
2024-08-07 (date) — Filing date

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the quarter ended June 30, 2024.

When was this 10-Q filed with the SEC?

This 10-Q was filed on August 7, 2024.

What is the company's primary industry classification?

The company's Standard Industrial Classification is HOTELS & MOTELS [7011].

What is Hilton's fiscal year end?

Hilton's fiscal year ends on December 31.

What are some of the key financial segments mentioned in the filing data?

Key financial segments mentioned include Franchise and licensing fees, and Management Service Base.

From the Filing

0001585689-24-000162.txt : 20240807 0001585689-24-000162.hdr.sgml : 20240807 20240807100223 ACCESSION NUMBER: 0001585689-24-000162 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 74 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240807 DATE AS OF CHANGE: 20240807 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: 241182048 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-20240630.htm 10-Q hlt-20240630 0001585689 --12-31 2024 Q2 FALSE P2Y 18 8 xbrli:shares iso4217:USD iso4217:USD xbrli:shares hlt:Hotel utr:Rate xbrli:pure hlt:Segment 0001585689 2024-01-01 2024-06-30 0001585689 2024-08-02 0001585689 2024-06-30 0001585689 2023-12-31 0001585689 hlt:ManagementAndFranchiseAgreementsMember 2024-06-30 0001585689 hlt:ManagementAndFranchiseAgreementsMember 2023-12-31 0001585689 us-gaap:OtherIntangibleAssetsMember 2024-06-30 0001585689 us-gaap:OtherIntangibleAssetsMember 2023-12-31 0001585689 hlt:GuestLoyaltyProgramMember 2024-06-30 0001585689 hlt:GuestLoyaltyProgramMember 2023-12-31 0001585689 hlt:FranchiseandlicensingfeesMember 2024-04-01 2024-06-30 0001585689 hlt:FranchiseandlicensingfeesMember 2023-04-01 2023-06-30 0001585689 hlt:FranchiseandlicensingfeesMember 2024-01-01 2024-06-30 0001585689 hlt:FranchiseandlicensingfeesMember 2023-01-01 2023-06-30 0001585689 us-gaap:ManagementServiceBaseMember 2024-04-01 2024-06-30 0001585689 us-gaap:ManagementServiceBaseMember 2023-04-01 2023-06-30 0001585689 us-gaap:ManagementServiceBaseMember 2024-01-01 2024-06-30 0001585689 us-gaap:ManagementServiceBaseMember 2023-01-01 2023-06-30 0001585689 us-gaap:ManagementServiceIncentiveMember 2024-04-01 2024-06-30 0001585689 us-gaap:ManagementServiceIncentiveMember 2023-04-01 2023-06-30 0001585689 us-gaap:ManagementServiceIncentiveMember 2024-01-01 2024-06-30 0001585689 us-gaap:ManagementServiceIncentiveMember 2023-01-01 2023-06-30 0001585689 us-gaap:HotelOwnedMember 2024-04-01 2024-06-30 0001585689 us-gaap:HotelOwnedMember 2023-04-01 2023-06-30 0001585689 us-gaap:HotelOwnedMember 2024-01-01 2024-06-30 0001585689 us-gaap:HotelOwnedMember 2023-01-01 2023-06-30 0001585689 us-gaap:HotelOtherMember 2024-04-01 2024-06-30 0001585689 us-gaap:HotelOtherMember 2023-04-01 2023-06-30 0001585689 us-gaap:HotelOtherMember 2024-01-01 2024-06-30 0001585689 us-gaap:HotelOtherMember 2023-01-01 2023-06-30 0001585689 hlt:TotalrevenuesexcludingreimbursablerevenuesMember 2024-04-01 2024-06-30 0001585689 hlt:TotalrevenuesexcludingreimbursablerevenuesMember 2023-04-01 2023-06-30 0001585689 hlt:TotalrevenuesexcludingreimbursablerevenuesMember 2024-01-01 2024-06-30 0001585689 hlt:TotalrevenuesexcludingreimbursablerevenuesMember 2023-01-01 2023-06-30 0001585689 hlt:ReimbursementRevenueMember 2024-04-01 2024-06-30 0001585689 hlt:ReimbursementRevenueMember 2023-04-01 2023-06-30 0001585689 hlt:ReimbursementRevenueMember 2024-01-01 2024-06-30 0001585689 hlt:ReimbursementRevenueMember 2023-01-01 2023-06-30 0001585689 2024-04-01 2024-06-30 0001585689 2023-04-01 2023-06-30 0001585689 2023-01-01 2023-06-30 0001585689 2022-12-31 0001585689 2023-06-30 0001585689 hlt:GraduateHotelsMember 2024-05-01 2024-05-31 0001585689 hlt:SydellGroupMember 2024-04-01 2024-04-30 0001585689 hlt:SydellGroupMember 2024-04-30 0001585689 hlt:LoyaltyProgramRevenuesMember 2024-06-30 0001585689 hlt:LoyaltyProgramRevenuesMember 2024-01-01 2024-06-30 0001585689 hlt:ApplicationInitiationAndOtherFeesAndCertainIndirectReimbursementsMember 2024-06-30 0001585689 hlt:RevenuesOtherObligationsMember 2024-06-30 0