Hilton sees 80.5% rise in RevPAR in Q1

Hilton Worldwide Holdings, Inc., recorded a net income of US $211 million. Adjusted EBITDA was US $448 million. RevPAR increased 80.5 per cent on a currency-neutral basis when compared to the same period in 2021. Systemwide comparable RevPAR was down 17 per cent against the same period in 2019. By 31 March 2022, Hilton’s development pipeline had grown to more than 410,000 rooms. Hilton’s system added 13,200 rooms in Q1, contributing to 7,800 net additional rooms during the period, which represented 5 per cent net unit growth from 31 March 2021. In May 2022, the company declared a quarterly cash dividend of US $0.15 per share.