Hilton Announces Better Than Expected Earnings
Skift Take
Hilton's strong earnings report boosted lodging stocks, eased election concerns, and led analysts to raise 2025 capital return expectations.
The DJIA was down 126 points while Nasdaq was up 100, the S&P was up 22 points and the 10-year treasury yield was up .02. Lodging stocks were higher. HLT was up 5% to a new all-time high. Also setting new highs were WH, MAR, CHH, PLYA, and TNL while H was up 5% on the day.
Hilton’s earnings report ignited a Lodging C-Corp rally today. Results were in line to better than expected with many analysts saying there had been concerns the election could have impacted results in the quarter but that was not the case. The bullish analysts on HLT said the outlook for 2025 was good enough, slightly ahead of consensus. They also upped 2025 capital return expectations from 2024 by 10% to $3.3 billion. They bought back $744 million worth of stock in 4Q.
Rockbridge and Musselman Hotels announced the opening of the new Hampton Inn & Suites in Louisville, Kentucky. The newly developed Hampton Inn &
