Hilton Increases Stock Repurchase Authorization By $1.5 Billion

MCLEAN, Va.–(BUSINESS WIRE)–The Board of Directors of Hilton
Worldwide Holdings Inc.
 (NYSE: HLT) has authorized the
repurchase of an additional $1.5 billion of common stock under the
Company’s existing stock repurchase program, bringing the total amount
currently authorized for repurchase to approximately $1.9 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 (“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,” “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, competition for hotel guests and for management and franchise
agreements, 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 United States of America, 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 the Annual Report on Form 10-K for the fiscal year ended December 31,
2018, filed with the SEC, as such factors may be updated from time to
time in Hilton’s periodic filings with the SEC, which are accessible on
the SEC’s website at www.sec.gov. Accordingly,
there are or may 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
17 world-class brands comprising more than 5,600 properties with nearly
913,000 rooms, in 113 countries and territories. Dedicated to fulfilling
its mission to be the world’s most hospitable company, Hilton earned a
spot on the 2018 world’s best workplaces list, and has welcomed more
than 3 billion guests in its nearly 100 year history. Through the
award-winning guest loyalty program, Hilton Honors, nearly 85 million
members who book directly with Hilton have access to instant benefits,
including digital check-in with room selection, Digital Key, and
Connected Room. Visit newsroom.hilton.com for
more information, and connect with Hilton on FacebookTwitterLinkedInInstagram,
and YouTube.


Jill Slattery
Investor Contact
[email protected]

Nigel Glennie
Media Contact
[email protected]

error: Content is protected !!