Hilton Increases Stock Repurchase Authorization
14 Noviembre 2024 - 6:00AM
Business Wire
The Board of Directors of Hilton Worldwide Holdings Inc. (NYSE:
HLT) today authorized the repurchase of an additional $3.5 billion
of common stock under the Company's existing stock repurchase
program, bringing the total amount currently authorized for future
repurchases to approximately $4.8 billion.
Hilton may purchase shares in the open market, in privately
negotiated transactions or in such other manner as determined by
Hilton, including through repurchase plans complying with the rules
and regulations of the Securities and Exchange Commission (the
“SEC”). The amount and timing of any repurchases made under the
stock repurchase program will depend on a variety of factors,
including available liquidity, cash flow and market conditions. The
stock repurchase program does not obligate Hilton to repurchase any
dollar amount or number of shares of common stock and the program
may be suspended or discontinued at any time.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include, but are not limited to,
statements related to Hilton's stock repurchase program. In some
cases, you can identify these forward-looking statements by the use
of words such as "outlook," "believes," "expects," "forecasts,”
"potential," "continues," "may," "will," "should," "could,"
"seeks," "projects," "predicts," "intends," "plans," "estimates,"
"anticipates" or the negative version of these words or other
comparable words. Such forward-looking statements are subject to
various risks and uncertainties, including, among others, risks
inherent to the hospitality industry; macroeconomic factors beyond
Hilton's control, such as inflation, changes in interest rates,
challenges due to labor shortages or disputes and supply chain
disruptions; the loss of key senior management personnel;
competition for hotel guests and management and franchise
contracts; risks related to doing business with third-party hotel
owners; performance of Hilton's information technology systems;
growth of reservation channels outside of Hilton's system; risks of
doing business outside of the U.S.; risks associated with conflicts
in Eastern Europe and the Middle East and other geopolitical
events; and Hilton's indebtedness. Additional factors that could
cause Hilton's results to differ materially from those described in
the forward-looking statements can be found under the section
entitled "Part I — Item 1A. Risk Factors" of Hilton’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2023, as such
factors may be updated from time to time in Hilton's periodic
filings with the SEC. Hilton’s Form 10-K is filed with the SEC and
accessible on the SEC's website at www.sec.gov. Accordingly, there
are or will be important factors that could cause actual outcomes
or results to differ materially from those indicated in these
statements. These factors should not be construed as exhaustive and
should be read in conjunction with the other cautionary statements
that are included in this press release and in Hilton's filings
with the SEC. The Company undertakes no obligation to publicly
update or review any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as
required by law.
About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company with
a portfolio of 24 world-class brands comprising more than 8,300
properties and over 1.25 million rooms, in 138 countries and
territories. Dedicated to fulfilling its founding vision to fill
the earth with the light and warmth of hospitality, Hilton has
welcomed over 3 billion guests in its more than 100-year history,
was named the No. 1 World’s Best Workplace by Great Place to Work
and Fortune and has been recognized as a global leader on the Dow
Jones Sustainability Indices for seven consecutive years. Hilton
has introduced industry-leading technology enhancements to improve
the guest experience, including Digital Key Share, automated
complimentary room upgrades and the ability to book confirmed
connecting rooms. Through the award-winning guest loyalty program
Hilton Honors, the more than 200 million Hilton Honors members who
book directly with Hilton can earn Points for hotel stays and
experiences money can't buy. With the free Hilton Honors app,
guests can book their stay, select their room, check in, unlock
their door with a Digital Key and check out, all from their
smartphone. Visit stories.hilton.com for more information, and
connect with Hilton on Facebook, X, LinkedIn, Instagram and
YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20241114082580/en/
Jill Chapman Investor Contact 1-703-883-1000
jill.chapman@hilton.com Kent Landers Media Contact 1-703-883-3246
kent.landers@hilton.com
Hilton Worldwide (NYSE:HLT)
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