How has Hilton's other managed properties revenue contributed to overall growth?

Hilton's other managed properties have significantly contributed to the company's overall growth, as evidenced by several key performance indicators: 1. **Revenue Growth**: The revenues from Hilton's managed and franchised properties have shown a notable increase, contributing to the company's overall growth. For instance, in the third quarter of 2024, the company's revenues from franchise and licensing fees were $698 million, compared to $643 million in the same period of the previous year. Similarly, the base and other management fees generated $88 million, representing a 9% increase from the prior year. 2. **Comparable Revenue Per Available Room (RevPAR)**: The system-wide comparable RevPAR increased by 1.4% in the third quarter of 2024, on a currency-neutral basis, compared to the same period in 2023. This indicates that the average revenue generated per available room has grown, which is a positive signal for the company's managed properties. 3. **New Room Additions**: Hilton has approved 27,500 new rooms for development during the third quarter of 2024, bringing the development pipeline to 492,400 rooms as of September 30, 2024. This growth in the development pipeline suggests that the company is actively expanding its managed properties, which will contribute to future revenue growth. 4. **Adjusted EBITDA**: The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the third quarter of 2024 was $904 million. This indicates that the company's managed properties are generating significant cash flow, which is a critical metric for assessing the financial health and growth potential of these properties. In summary, Hilton's other managed properties have contributed significantly to the company's overall growth, driven by increases in revenue, growth in RevPAR, new room additions, and strong cash flow metrics such as adjusted EBITDA. These factors collectively support the company's expansion and revenue growth strategy.