Πέμπτη, 26 Απριλίου 2018
MCLEAN, VA - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2018 results. All results herein, including prior year, reflect the adoption of new accounting standards, including Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09").
- Diluted EPS was $0.51 for the first quarter, and diluted EPS, adjusted for special items, was $0.55, a 45 percent increase from the first quarter of 2017
- Net income for the third quarter was $163 million
- Adjusted EBITDA for the first quarter was $445 million, an increase of 9 percent from the same period in 2017
- System-wide comparable RevPAR increased 3.9 percent on a currency neutral basis for the first quarter from the same period in 2017
- Approved 25,700 new rooms for development during the first quarter, growing Hilton's development pipeline to 335,000 rooms as of March 31, 2018, representing 9 percent growth from March 31, 2017
- Opened 10,600 rooms in the first quarter, a 7 percent increase from the same period in 2017, adding 7,100 net rooms
- Repurchased 1.3 million shares of Hilton common stock for an aggregate cost of $110 million during the first quarter
- In April 2018, repurchased 16.5 million shares of Hilton common stock from HNA for $1.17 billion in connection with HNA's full divestiture of its investment in Hilton
- In April 2018, issued $1.5 billion aggregate principal amount of 5.125% Senior Notes due 2026 to facilitate the stock buyback from HNA and to repay approximately $500 million of Hilton's senior secured term loan facility
- Raised guidance for full year 2018 system-wide comparable RevPAR growth to between 2.0 percent and 4.0 percent, an increase of 100 basis points at the mid point
- Raised Adjusted EBITDA guidance for full year 2018 to between $2,060 million and $2,100 million
- Raised capital return guidance for full year 2018 to between $1.7 billion and $1.9 billion
Millennium Point, Birmingham Eastside’s event and office destination has appointed all female executive team members for the first time.
Millennium Point is 46,451sqm anchor building, which overlooks Eastside Park has appointed Abigail Vlahakis as finance director and Rebecca Delmore as commercial director. They join chief executive Judith Armstrong and head of people, learning and development, Vanessa Currie. The new appointments in the house of Millennium Point follow calls by Judith Armstrong earlier this year for more women to consider careers in science, technology, engineering and maths (STEM). Millennium Point also recently hosted the visit by HRH Prince Harry and Miss Meghan Markle coinciding with International Women’s Day.
Vlahakis was earlier the senior tax manager at KPMG in Birmingham, while Delmore was previously director of group sales for 5Ways Hospitality, which included the opening of Park Regis Birmingham.
Armstrong said that as a venue and destination which is dedicated in supporting STEM, and as keen exponents of attracting more women into senior positions.
The business profits from Millennium Point’s commercial activities in the building are used to fund organisations, projects and initiatives with interests in STEM.
During the past four years, Millennium Point Trust has donated more than £4m to support STEM initiatives.
Golden Tulip Khatt Springs Resort & Spa signed an agreement with Ice Land Water Park under the endorsement of Ras Al Khaimah Tourism Development Authority (RAKTDA) at Arabian Travel Market today (Wednesday 25th April).
The agreement, which will provide guests staying at Golden Tulip Khatt Springs and Golden Tulip Dibba Oman Resort with complimentary access to Ice Land Water Park during their stay, was signed on RAKTDA’s stand at Arabian Travel Market, taking place at Dubai World Trade Centre.
Photo caption from L-R:
Shaji Thomas, Director Tourism Development, Ras Al Khaimah Tourism Development Authority (RAKTDA); Elwin Kemming, Consultant Director of Sales & Marketing, Ice Land Water Park; Rabih Abou Mrad, General Manager, Golden Tulip Khatt Springs Resort & Spa; and Mohamed Khater, Assistant Director, Tourism Development, Ras Al Khaimah Tourism Development Authority(RAKTDA).
Tourism spending is increasing globally, with the Chinese as the top spenders. Russia and Brazil made strong recovery last year, according to the latest UNWTO World Tourism Barometer.
All top 25 source markets, comprising emerging and advanced economies, in the barometer showed higher spending on international tourism in 2017.
The BRIC economies are a standout, with China cementing its leadership as the biggest spender in travel abroad in 2017 with US$258 billion in expenditure. The other BRIC economies also substantially increased expenditure in 2017.
India, another key emerging outbound market, continued its rise with nine per cent growth in spending to US$18 billion, moving up four places in the ranking to 17th.
Advanced markets also had robust performance in 2017, led by the US as the second largest outbound market spend US$135 billion.
Expenditure from Germany (the third largest market) and the UK (fourth) both increased three per cent, and France (fifth) saw a one per cent increased.
Australia (sixth) reported seven per cent growth and Canada (seventh) a nine per cent increase.