The following is a summary of the Hilton Worldwide Holdings Inc. (HLT) Q4 2023 Earnings Call Transcript:

Financial Performance:

Hilton reported a system-wide RevPAR growth of 12.6% for the year, with a Q4 growth of 5.7% year-over-year.
The strong performance led to a record adjusted EBITDA of nearly $3.1 billion, marking an approximate increase of 20% year-over-year.
The company achieved an adjusted EBITDA of $803 million for Q4, up 9% year-over-year.
Management and franchise fees grew 12% year-over-year.
Diluted earnings per share, adjusted for special items, was $1.68.
Hilton returned $2.5 billion to shareholders in the form of buybacks and dividends in 2023, and plans to return approximately $3 billion in 2024.
For the full year 2024, Hilton expects RevPAR growth of 2% to 4%, with an estimated adjusted EBITDA of between $3.33 billion and $3.38 billion.

Business Progress:

Hilton launched two new brands, expanded partnerships, and opened a near record number of rooms, including 24,000 in the Q4 alone.
The company’s pipeline reached record levels, with room signings up 45% year-over-year.
Hilton announced an exclusive partnership with Small Luxury Hotels of the World, further expanding their luxury distribution.
The company projects an increase of 16% in group positions and targets a net unit growth towards the higher end of 5.5% to 6% in 2024.
Hilton reported strong development and robust demand for their branded products, both in the US and international markets.