Hilton reports remarkable growth in 2023

The company expressed optimism for 2024, projecting a system-wide RevPAR increase between 2.0% and 4.0%

Feb 16, 2024

Hilton, which operates over 1.1 million rooms across more than 20 brands, saw significant growth in both top-line and bottom-line results, driven by strategic expansion and a robust development pipeline.

Key takeaways

  • Hilton's financial achievements in the fourth quarter and throughout 2023 underscore the company's resilience and strategic growth in the travel and leisure industry;
  • System-wide comparable RevPAR growth is particularly noteworthy, with a 5.7% increase in the fourth quarter and a 12.6% increase for the full year on a currency neutral basis;
  • The company's record development pipeline, with 462,400 rooms as of December 31, 2023, represents an 11% growth from the previous year.

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