How did Hilton's revenue from owned and leased hotels change in Q3 2024?
3/31/2025 01:33pm
Hilton's revenue from owned and leased hotels in Q3 2024 is not currently available. However, we can analyze the trend by looking at the relevant data:
1. **Overall Revenue Trend**: Hilton reported a 10.9% year-over-year increase in revenue for the quarter ended June 2024, which is a positive indicator for revenue from owned and leased hotels.
2. **RevPAR Growth**: The system-wide comparable RevPAR (Revenue per available room) increased by 3.5% in Q2 2024 compared to the same period in 2023, on a currency neutral basis. This suggests that revenue from owned and leased hotels would also have seen a positive change, although the exact figure is not provided.
3. **New Room Additions**: Hilton approved 62,700 new rooms for development in Q2 2024, bringing the development pipeline to a record 508,300 rooms. The addition of new rooms would contribute to an increase in revenue from owned and leased hotels in the future.
4. **Analyst Estimates**: Wall Street analysts estimated that revenues from owned and leased hotels would reach $374.90 million for Q2 2024. This provides a benchmark for how analysts perceive the performance of this segment.
In conclusion, while the exact revenue figure for Q3 2024 is not available, the overall trend of increasing revenues and RevPAR, along with new room additions, suggests that Hilton's revenue from owned and leased hotels likely saw a positive change in Q3 2024.