Hilton reports Q2 adjusted EPS $2.20, consensus $2.04

Reports Q2 revenue $3.14B, consensus $3.1B. Reports Q2 System-wide comparable RevPAR down 0.5%, on a currency neutral basis, vs. last year. Christopher J. Nassetta, President & CEO of Hilton (HLT), said, “We continued to demonstrate the power of our resilient business model as we delivered strong bottom line results in the quarter, even with modestly negative top line performance given holiday and calendar shifts, reduced government spending, softer international inbound business and broader economic uncertainty. With that being said, we believe the economy in our largest market is set up for better growth over the intermediate term, which should accelerate travel demand and, when paired with low industry supply growth, unlock stronger RevPAR growth. On the development side, we achieved the largest pipeline in our history, and we remain confident in our ability to deliver net unit growth between 6.0%-7.0%for the next several years.”