The hotel group, listed since December 2013, published its first public results for the last financial year, posting a global turnover of close to $10 billion for $1.1 billion in operating results and $700 million in pre-tax profits.
The year 2013 will have been particularly profitable for the hotel group Hilton Worldwide that has just published its first results since it joined the New York Stock Exchange last December. They have what it takes to satisfy shareholders with a 20% increase in earnings before taxes and $415 million distributable in dividends, or 18% growth in one year.
The group's turnover settled at $9.735 billion, or 5% increase in published data. Subsidiary and leased hotels generated close to half of this turnover ($4 billion); management and franchise revenues brought $1.175 billion; and timeshare revenues added $1.109 billion. The group generated $3.405 billion in revenues from its franchise and management contracts.
Operating profit amounts to $1.102 billion, which is identical to that of last year and includes other financial elements. The pre-tax earnings are exactly $698 million, representing very strong annual growth in the published figures, which takes into consideration the strong increase in the hotel supply.
As a result, on this financial year, the net capacity of the group Hilton Worldwide grew by 4%, to reach 672,000 branded rooms, not including 6,000 apartments in timeshare.
Chris Nassetta, the group's CEO, was very pleased with results and mentioned the strong growth of the group's capacity: 34,000 new rooms joined the inventory while 9,000 exited the fleet. The volume in the pipeline grew by 72,000 rooms in the year to reach 195,000 rooms under development (1,100 hotels), including more than 100,000 new rooms under construction, representing the strongest growth rate in the hotel industry.
With the raising of capital further to the group being listed on the stock market and reimbursement of loans, Hilton Worlwide succeeded in reducing its long-term debt by $3.8 billion.
The group's turnover settled at $9.735 billion, or 5% increase in published data. Subsidiary and leased hotels generated close to half of this turnover ($4 billion); management and franchise revenues brought $1.175 billion; and timeshare revenues added $1.109 billion. The group generated $3.405 billion in revenues from its franchise and management contracts.
Operating profit amounts to $1.102 billion, which is identical to that of last year and includes other financial elements. The pre-tax earnings are exactly $698 million, representing very strong annual growth in the published figures, which takes into consideration the strong increase in the hotel supply.
As a result, on this financial year, the net capacity of the group Hilton Worldwide grew by 4%, to reach 672,000 branded rooms, not including 6,000 apartments in timeshare.
Chris Nassetta, the group's CEO, was very pleased with results and mentioned the strong growth of the group's capacity: 34,000 new rooms joined the inventory while 9,000 exited the fleet. The volume in the pipeline grew by 72,000 rooms in the year to reach 195,000 rooms under development (1,100 hotels), including more than 100,000 new rooms under construction, representing the strongest growth rate in the hotel industry.
With the raising of capital further to the group being listed on the stock market and reimbursement of loans, Hilton Worlwide succeeded in reducing its long-term debt by $3.8 billion.
Etats-Unis
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