Hilton Worldwide Holdings (HLT) CEO Chris Nassetta on Q3 2017 Results - Earnings Call Transcript

10/26/17

Thank you, Jill, and good morning, everyone. Before I get to the specifics on the quarter, I’d like to briefly recognize all of those around the world who have been impacted by recent natural disasters it’s something that was brought into vivid reality as I recently visited our teams down in Puerto Rico and in Houston. It’s been an incredibly challenging time for these communities and for our team members that serve them. At the same time it’s been really inspiring to see our teams come together to support one another and their communities, and I want to thank them for all of their extraordinary efforts.

Now turning to the quarter in our performance, the third quarter as the new simplified Hilton in our strong performance continued. We delivered bottom line results above our guided ranges and are raising our outlook for the year our performance continues to demonstrate the resiliency of our fee based business that can drive adjusted EBITDA well ahead of RevPAR growth with minimal use of our capital and generate meaningful free cash flow for shareholders.

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