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2021-07-30

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Hotels’ Earnings Show Things Are Getting Better<blockquote>酒店盈利显示情况正在好转</blockquote>

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Net revenues were $406 million, compared with$258 million a year earlier, during the heart of the pandemic.<blockquote>温德姆酒店集团（股票代码：WH）周三公布第二季度调整后每股摊薄收益为 95 美分，高于去年同期的 10 美分。在疫情最严重的时候，净收入为 4.06 亿美元，而去年同期为 2.58 亿美元。</blockquote> The company, based in Parsippany, N.J., franchises its brands across about 9,000 hotels globally. It is known for economy and midscale offerings such as Super 8, Ramada, and Days Inn.<blockquote>该公司总部位于新泽西州帕西帕尼，在全球约9000家酒店特许经营其品牌。它以经济型和中型酒店而闻名，如速8、华美达和戴斯酒店。</blockquote> Global revenue per available room, a key metric known as RevPar, increased by 110% in the quarter year over year but was down 17% from the same period in 2019. RevPar at the company’s economy brands in the U.S. exceeded second-quarter 2019 levels.<blockquote>每间可用客房的全球收入（RevPar 的关键指标）在本季度同比增长 110%，但比 2019 年同期下降 17%。该公司经济型品牌在美国的 RevPar 超过了 2019 年第二季度的水平。</blockquote> Unlike Hilton Worldwide Holdings (HLT) and Marriott International (MAR), which in normal times have a big business and group travel component, Wyndham relies more heavily on domestic leisure travelers . That is a relatively good place to be during the pandemic.<blockquote>与希尔顿全球控股公司 (HLT) 和万豪国际集团 (MAR) 在正常情况下拥有大量商务和团体旅行业务不同，温德姆酒店更多地依赖国内休闲旅客。在疫情期间，这是一个相对较好的地方。</blockquote> The stock had returned about 20% this year through Wednesday’s close, a little better than the S&amp;P 500’s 18% result. The stock was at $75.35 near midday, up 6.5%.<blockquote>截至周三收盘，该股今年的回报率约为 20%，略高于标普500 18% 的业绩。临近中午，该股报75.35美元，上涨6.5%。</blockquote> “Wyndham’s recovery continues to unfold at a faster-than-expected rate,” Baird analyst Michael Bellisario said in a research note Thursday. He noted that second-quarter earnings before interest, taxes, depreciation and amortization, or Ebitda, came in at $168 million, up from $66 million a year earlier, and the dividend is rising 50% to 16 cents a share.<blockquote>“贝尔德分析师迈克尔-贝利萨里奥（Michael Bellisario）在周四的一份研究报告中说：”温德姆的复苏速度继续快于预期。他指出，第二季度息税折旧摊销前利润（Ebitda）为 1.68 亿美元，高于去年同期的 6600 万美元，股息上涨 50%，达到每股 16 美分。</blockquote> Hilton Worldwide Holdings, meanwhile, reported adjusted diluted earnings per share of 56 cents, compared with a loss of 61 cents a year earlier, on revenues of $1.3 billion. That was below the FactSet consensus estimate of about $1.4 billion, but it was more than double the $564 million during last year’s second quarter.<blockquote>与此同时，希尔顿全球控股公司公布调整后稀释每股收益为 56 美分，而去年同期亏损 61 美分，营收为 13 亿美元。这低于 FactSet 一致估计的约 14 亿美元，但比去年第二季度的 5.64 亿美元高出一倍多。</blockquote> “The miss was primarily from other revenues and not the fundamental base fees that are more integral to” Hilton, Truist Securities analyst Patrick Scholes wrote in a note.<blockquote>“Truist Securities 分析师帕特里克-斯科尔斯（Patrick Scholes）在一份报告中写道：”损失主要来自其他收入，而不是对希尔顿更为重要的基本费用。</blockquote> Hilton, based in McLean, Va., operates an asset light model. It owns relatively few hotel properties, relying instead on management and franchising fees.<blockquote>总部位于弗吉尼亚州麦克莱恩的希尔顿酒店采用轻资产模式。它拥有的酒店物业相对较少，而是依赖管理费和特许经营费。</blockquote> Hilton depends heavily on group and business travel customers, segments that have been hard hit by the pandemic.<blockquote>希尔顿严重依赖团体和商务旅行客户，这些细分市场受到了疫情的沉重打击。</blockquote> “While the pace of recovery varies by region, particularly with the uncertainty surrounding coronavirus variants, we expect continued strength in leisure demand and further upticks in business travel to drive continued resurgence in the back half of the year,” the company said in its earnings release.<blockquote>“该公司在财报发布中表示：”虽然各地区的复苏速度各不相同，尤其是冠状病毒变种的不确定性，但我们预计休闲需求的持续强劲和商务旅行的进一步增长将推动下半年的持续复苏。</blockquote> For Hilton and many other lodging companies, how quickly non-leisure business improves is crucial in determining how soon things get back to normal levels.<blockquote>对于希尔顿和许多其他住宿公司来说，非休闲业务改善的速度对于决定事情多久恢复正常水平至关重要。</blockquote> Speaking to analyst Thursday morning, Nassetta said the company’s greatest strength has been leisure travel but that it has seen a “significant pickup in business travel” and “significant pickup, while further to go, in the group side.” Group includes events such as conventions, trade shows, and weddings.<blockquote>纳塞塔周四上午在接受分析师采访时表示，该公司最大的优势一直是休闲旅游，但 “商务旅行方面有了显著增长”，“在团体方面也有了显著增长”。团体包括会议、贸易展览和婚礼等活动。</blockquote> “And we continue to see that, notwithstanding the Delta variant and all of the things going on,” he said.<blockquote>“他说：”尽管有德尔塔变异毒株和所有正在发生的事情，但我们仍在继续看到这一点。</blockquote> Nassetta said that as of Wednesday, systemwide occupancy in the U.S. was 74% over the previous seven days. That includes urban markets, which have generally lagged during the recovery.<blockquote>纳塞塔表示，截至周三，美国全系统入住率在前七天为 74%。这包括城市市场，这些市场在复苏期间普遍滞后。</blockquote> “If we’re running at 74%, that’s not leisure,” he said. “While we have a lot of leisure-oriented hotels, we have a lot of business-oriented hotels, and so midweek occupancy at that level is definitely reflective of business travel.”<blockquote>“他说：”如果我们的跑步率达到 74%，那就不是休闲。“虽然我们有很多以休闲为导向的酒店，但我们也有很多以商务为导向的酒店，因此周中这一水平的入住率肯定反映了商务旅行的情况”。</blockquote> The stock has returned about 16% this year through Wednesday. It was at $ 135.08 near midday, for a gain of 5.6%.<blockquote>截至周三，该股今年的回报率约为 16%。临近中午时分，股价为135.08美元，上涨5.6%。</blockquote> Systemwide comparable RevPar jumped by more than 200% year over year in the quarter on a currency-neutral basis, which uses exchange rates at the end of a specified period.<blockquote>在货币中性的基础上，本季度全系统可比 RevPar 同比增长超过 200%，该基础使用指定期末的汇率。</blockquote> Second-quarter adjusted Ebitda was $400 million, well ahead of the FactSet consensus estimate of $333 million.<blockquote>第二季度调整后 Ebitda 为 4 亿美元，远高于 FactSet 一致预期的 3.33 亿美元。</blockquote> As of June 30, Hilton’s cash and cash equivalents totaled about $1.1 billion against $8.6 billion of consolidated long-term debt. During the second quarter, Hilton repaid the outstanding balance of nearly $1.2 billion on its revolving credit facility.<blockquote>截至 6 月 30 日，希尔顿的现金和现金等价物总额约为 11 亿美元，而合并长期债务为 86 亿美元。第二季度，希尔顿偿还了其循环信贷额度近 12 亿美元的未偿余额。</blockquote> Asked about when the company would resume capital returns, notably dividends and share buybacks, Nassetta said he was confident that will occur in the first half of next year.<blockquote>当被问及公司何时恢复资本回报，特别是股息和股票回购时，纳塞塔表示，他有信心这将在明年上半年发生。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hotels’ Earnings Show Things Are Getting Better<blockquote>酒店盈利显示情况正在好转</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHotels’ Earnings Show Things Are Getting Better<blockquote>酒店盈利显示情况正在好转</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2021-07-30 14:35\n\n</h4>\n</header>\n<article>\nSecond-quarter earnings results for Hilton Worldwide Holdings and Wyndham Hotels &amp; Resorts are the latest example of a marked improvement for the lodging industry, although the crucial business travel segment continues to lag.<blockquote>希尔顿全球控股公司和温德姆酒店及度假村第二季度盈利业绩是住宿业显着改善的最新例子，尽管关键的商务旅行部门继续落后。</blockquote> Both stocks took off on Thursday morning. “We continued to make significant progress toward recovery,” Hilton CEO Christopher Nassetta told analysts.<blockquote>周四上午，两只股票均上涨。“希尔顿首席执行官克里斯托弗-纳塞塔（Christopher Nassetta）对分析师说：”我们在复苏方面继续取得重大进展。</blockquote> Wyndham Hotels (ticker: WH) on Wednesday reported second-quarter adjusted diluted earnings of 95 cents a share, up from 10 cents in the corresponding period last year. Net revenues were $406 million, compared with$258 million a year earlier, during the heart of the pandemic.<blockquote>温德姆酒店集团（股票代码：WH）周三公布第二季度调整后每股摊薄收益为 95 美分，高于去年同期的 10 美分。在疫情最严重的时候，净收入为 4.06 亿美元，而去年同期为 2.58 亿美元。</blockquote> The company, based in Parsippany, N.J., franchises its brands across about 9,000 hotels globally. It is known for economy and midscale offerings such as Super 8, Ramada, and Days Inn.<blockquote>该公司总部位于新泽西州帕西帕尼，在全球约9000家酒店特许经营其品牌。它以经济型和中型酒店而闻名，如速8、华美达和戴斯酒店。</blockquote> Global revenue per available room, a key metric known as RevPar, increased by 110% in the quarter year over year but was down 17% from the same period in 2019. RevPar at the company’s economy brands in the U.S. exceeded second-quarter 2019 levels.<blockquote>每间可用客房的全球收入（RevPar 的关键指标）在本季度同比增长 110%，但比 2019 年同期下降 17%。该公司经济型品牌在美国的 RevPar 超过了 2019 年第二季度的水平。</blockquote> Unlike Hilton Worldwide Holdings (HLT) and Marriott International (MAR), which in normal times have a big business and group travel component, Wyndham relies more heavily on domestic leisure travelers . That is a relatively good place to be during the pandemic.<blockquote>与希尔顿全球控股公司 (HLT) 和万豪国际集团 (MAR) 在正常情况下拥有大量商务和团体旅行业务不同，温德姆酒店更多地依赖国内休闲旅客。在疫情期间，这是一个相对较好的地方。</blockquote> The stock had returned about 20% this year through Wednesday’s close, a little better than the S&amp;P 500’s 18% result. The stock was at $75.35 near midday, up 6.5%.<blockquote>截至周三收盘，该股今年的回报率约为 20%，略高于标普500 18% 的业绩。临近中午，该股报75.35美元，上涨6.5%。</blockquote> “Wyndham’s recovery continues to unfold at a faster-than-expected rate,” Baird analyst Michael Bellisario said in a research note Thursday. He noted that second-quarter earnings before interest, taxes, depreciation and amortization, or Ebitda, came in at $168 million, up from $66 million a year earlier, and the dividend is rising 50% to 16 cents a share.<blockquote>“贝尔德分析师迈克尔-贝利萨里奥（Michael Bellisario）在周四的一份研究报告中说：”温德姆的复苏速度继续快于预期。他指出，第二季度息税折旧摊销前利润（Ebitda）为 1.68 亿美元，高于去年同期的 6600 万美元，股息上涨 50%，达到每股 16 美分。</blockquote> Hilton Worldwide Holdings, meanwhile, reported adjusted diluted earnings per share of 56 cents, compared with a loss of 61 cents a year earlier, on revenues of $1.3 billion. That was below the FactSet consensus estimate of about $1.4 billion, but it was more than double the $564 million during last year’s second quarter.<blockquote>与此同时，希尔顿全球控股公司公布调整后稀释每股收益为 56 美分，而去年同期亏损 61 美分，营收为 13 亿美元。这低于 FactSet 一致估计的约 14 亿美元，但比去年第二季度的 5.64 亿美元高出一倍多。</blockquote> “The miss was primarily from other revenues and not the fundamental base fees that are more integral to” Hilton, Truist Securities analyst Patrick Scholes wrote in a note.<blockquote>“Truist Securities 分析师帕特里克-斯科尔斯（Patrick Scholes）在一份报告中写道：”损失主要来自其他收入，而不是对希尔顿更为重要的基本费用。</blockquote> Hilton, based in McLean, Va., operates an asset light model. It owns relatively few hotel properties, relying instead on management and franchising fees.<blockquote>总部位于弗吉尼亚州麦克莱恩的希尔顿酒店采用轻资产模式。它拥有的酒店物业相对较少，而是依赖管理费和特许经营费。</blockquote> Hilton depends heavily on group and business travel customers, segments that have been hard hit by the pandemic.<blockquote>希尔顿严重依赖团体和商务旅行客户，这些细分市场受到了疫情的沉重打击。</blockquote> “While the pace of recovery varies by region, particularly with the uncertainty surrounding coronavirus variants, we expect continued strength in leisure demand and further upticks in business travel to drive continued resurgence in the back half of the year,” the company said in its earnings release.<blockquote>“该公司在财报发布中表示：”虽然各地区的复苏速度各不相同，尤其是冠状病毒变种的不确定性，但我们预计休闲需求的持续强劲和商务旅行的进一步增长将推动下半年的持续复苏。</blockquote> For Hilton and many other lodging companies, how quickly non-leisure business improves is crucial in determining how soon things get back to normal levels.<blockquote>对于希尔顿和许多其他住宿公司来说，非休闲业务改善的速度对于决定事情多久恢复正常水平至关重要。</blockquote> Speaking to analyst Thursday morning, Nassetta said the company’s greatest strength has been leisure travel but that it has seen a “significant pickup in business travel” and “significant pickup, while further to go, in the group side.” Group includes events such as conventions, trade shows, and weddings.<blockquote>纳塞塔周四上午在接受分析师采访时表示，该公司最大的优势一直是休闲旅游，但 “商务旅行方面有了显著增长”，“在团体方面也有了显著增长”。团体包括会议、贸易展览和婚礼等活动。</blockquote> “And we continue to see that, notwithstanding the Delta variant and all of the things going on,” he said.<blockquote>“他说：”尽管有德尔塔变异毒株和所有正在发生的事情，但我们仍在继续看到这一点。</blockquote> Nassetta said that as of Wednesday, systemwide occupancy in the U.S. was 74% over the previous seven days. That includes urban markets, which have generally lagged during the recovery.<blockquote>纳塞塔表示，截至周三，美国全系统入住率在前七天为 74%。这包括城市市场，这些市场在复苏期间普遍滞后。</blockquote> “If we’re running at 74%, that’s not leisure,” he said. “While we have a lot of leisure-oriented hotels, we have a lot of business-oriented hotels, and so midweek occupancy at that level is definitely reflective of business travel.”<blockquote>“他说：”如果我们的跑步率达到 74%，那就不是休闲。“虽然我们有很多以休闲为导向的酒店，但我们也有很多以商务为导向的酒店，因此周中这一水平的入住率肯定反映了商务旅行的情况”。</blockquote> The stock has returned about 16% this year through Wednesday. It was at $ 135.08 near midday, for a gain of 5.6%.<blockquote>截至周三，该股今年的回报率约为 16%。临近中午时分，股价为135.08美元，上涨5.6%。</blockquote> Systemwide comparable RevPar jumped by more than 200% year over year in the quarter on a currency-neutral basis, which uses exchange rates at the end of a specified period.<blockquote>在货币中性的基础上，本季度全系统可比 RevPar 同比增长超过 200%，该基础使用指定期末的汇率。</blockquote> Second-quarter adjusted Ebitda was $400 million, well ahead of the FactSet consensus estimate of $333 million.<blockquote>第二季度调整后 Ebitda 为 4 亿美元，远高于 FactSet 一致预期的 3.33 亿美元。</blockquote> As of June 30, Hilton’s cash and cash equivalents totaled about $1.1 billion against $8.6 billion of consolidated long-term debt. During the second quarter, Hilton repaid the outstanding balance of nearly $1.2 billion on its revolving credit facility.<blockquote>截至 6 月 30 日，希尔顿的现金和现金等价物总额约为 11 亿美元，而合并长期债务为 86 亿美元。第二季度，希尔顿偿还了其循环信贷额度近 12 亿美元的未偿余额。</blockquote> Asked about when the company would resume capital returns, notably dividends and share buybacks, Nassetta said he was confident that will occur in the first half of next year.<blockquote>当被问及公司何时恢复资本回报，特别是股息和股票回购时，纳塞塔表示，他有信心这将在明年上半年发生。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/hotels-earnings-wyndham-hilton-51627576134?mod=hp_DAY_4\">Barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HLT":"希尔顿酒店"},"source_url":"https://www.barrons.com/articles/hotels-earnings-wyndham-hilton-51627576134?mod=hp_DAY_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162879180","content_text":"Second-quarter earnings results for Hilton Worldwide Holdings and Wyndham Hotels & Resorts are the latest example of a marked improvement for the lodging industry, although the crucial business travel segment continues to lag.\nBoth stocks took off on Thursday morning. “We continued to make significant progress toward recovery,” Hilton CEO Christopher Nassetta told analysts.\nWyndham Hotels (ticker: WH) on Wednesday reported second-quarter adjusted diluted earnings of 95 cents a share, up from 10 cents in the corresponding period last year. Net revenues were $406 million, compared with$258 million a year earlier, during the heart of the pandemic.\nThe company, based in Parsippany, N.J., franchises its brands across about 9,000 hotels globally. It is known for economy and midscale offerings such as Super 8, Ramada, and Days Inn.\nGlobal revenue per available room, a key metric known as RevPar, increased by 110% in the quarter year over year but was down 17% from the same period in 2019. RevPar at the company’s economy brands in the U.S. exceeded second-quarter 2019 levels.\nUnlike Hilton Worldwide Holdings (HLT) and Marriott International (MAR), which in normal times have a big business and group travel component, Wyndham relies more heavily on domestic leisure travelers . That is a relatively good place to be during the pandemic.\nThe stock had returned about 20% this year through Wednesday’s close, a little better than the S&P 500’s 18% result. The stock was at $75.35 near midday, up 6.5%.\n“Wyndham’s recovery continues to unfold at a faster-than-expected rate,” Baird analyst Michael Bellisario said in a research note Thursday. He noted that second-quarter earnings before interest, taxes, depreciation and amortization, or Ebitda, came in at $168 million, up from $66 million a year earlier, and the dividend is rising 50% to 16 cents a share.\nHilton Worldwide Holdings, meanwhile, reported adjusted diluted earnings per share of 56 cents, compared with a loss of 61 cents a year earlier, on revenues of $1.3 billion. That was below the FactSet consensus estimate of about $1.4 billion, but it was more than double the $564 million during last year’s second quarter.\n“The miss was primarily from other revenues and not the fundamental base fees that are more integral to” Hilton, Truist Securities analyst Patrick Scholes wrote in a note.\nHilton, based in McLean, Va., operates an asset light model. It owns relatively few hotel properties, relying instead on management and franchising fees.\nHilton depends heavily on group and business travel customers, segments that have been hard hit by the pandemic.\n“While the pace of recovery varies by region, particularly with the uncertainty surrounding coronavirus variants, we expect continued strength in leisure demand and further upticks in business travel to drive continued resurgence in the back half of the year,” the company said in its earnings release.\nFor Hilton and many other lodging companies, how quickly non-leisure business improves is crucial in determining how soon things get back to normal levels.\nSpeaking to analyst Thursday morning, Nassetta said the company’s greatest strength has been leisure travel but that it has seen a “significant pickup in business travel” and “significant pickup, while further to go, in the group side.” Group includes events such as conventions, trade shows, and weddings.\n“And we continue to see that, notwithstanding the Delta variant and all of the things going on,” he said.\nNassetta said that as of Wednesday, systemwide occupancy in the U.S. was 74% over the previous seven days. That includes urban markets, which have generally lagged during the recovery.\n“If we’re running at 74%, that’s not leisure,” he said. “While we have a lot of leisure-oriented hotels, we have a lot of business-oriented hotels, and so midweek occupancy at that level is definitely reflective of business travel.”\nThe stock has returned about 16% this year through Wednesday. It was at $ 135.08 near midday, for a gain of 5.6%.\nSystemwide comparable RevPar jumped by more than 200% year over year in the quarter on a currency-neutral basis, which uses exchange rates at the end of a specified period.\nSecond-quarter adjusted Ebitda was $400 million, well ahead of the FactSet consensus estimate of $333 million.\nAs of June 30, Hilton’s cash and cash equivalents totaled about $1.1 billion against $8.6 billion of consolidated long-term debt. During the second quarter, Hilton repaid the outstanding balance of nearly $1.2 billion on its revolving credit facility.\nAsked about when the company would resume capital returns, notably dividends and share buybacks, Nassetta said he was confident that will occur in the first half of next year.","news_type":1,"symbols_score_info":{"HLT":0.9}},"isVote":1,"tweetType":1,"viewCount":836,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/806380578"}