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Average Occupancy Rate % is the percentage of occupied rooms in the property at a given time. It measures the ratio of occupied to total usable rental space. For hotel hospitality industry, a higher occupancy rate is better.
Hilton Worldwide Holdings's Average Occupancy Rate % for the quarter that ended in Mar. 2024 was 67.20% , which is lower than 69.00% for the pervious quarter ended in Dec. 2023.
Hilton Worldwide Holdings's Average Occupancy Rate % for the annual that ended in Dec. 2023 was 71.80% , which is higher than 67.50% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Hilton Worldwide Holdings's Average Occupancy Rate % or its related term are showing as below:
The historical data trend for Hilton Worldwide Holdings's Average Occupancy Rate % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hilton Worldwide Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Average Occupancy Rate % | Get a 7-Day Free Trial |
Hilton Worldwide HoldingsQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |||||||||||||||||||||
Average Occupancy Rate % | Get a 7-Day Free Trial |
For the Lodging subindustry, Hilton Worldwide Holdings's Average Occupancy Rate %, along with its competitors' market caps and Average Occupancy Rate % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Average Occupancy Rate % is calculated as
Average Occupancy Rate % | = | Number of Occupied Rooms | / | Number of Available Rooms | * | 100% |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hilton Worldwide Holdings (NYSE:HLT) Average Occupancy Rate % Explanation
Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.
For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.
Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.
Thank you for viewing the detailed overview of Hilton Worldwide Holdings's Average Occupancy Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael W Duffy | officer: See Remarks | 7930 JONES BRANCH DRIVE, MCLEAN VA 22102 |
Anne-marie W D'angelo | officer: See Remarks | 801 E. 86TH AVENUE, MERRILLVILLE IN 46410 |
Kristin Ann Campbell | officer: See Remarks | 500 STAPLES DRIVE, FRAMINGHAM MA 01702 |
Laura Fuentes | officer: See Remarks | 7930 JONES BRANCH DRIVE, MCLEAN VA 22102 |
Douglas M Steenland | director | 2700 LONE OAK PARKWAY, EAGAN MN 55121 |
Matthew W Schuyler | officer: See Remarks | 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102 |
Raymond E Mabus | director | C/O DANA INCORPORATED, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537 |
Kevin J Jacobs | officer: See Remarks | 7930 JONES BRANCH DRIVE, MCLEAN VA 22102 |
Martin Rinck | officer: See Remarks | 7930 JONES BRANCH DRIVE, MCLEAN VA 22102 |
Christopher W Silcock | officer: See Remarks | 7930 JONES BRANCH DRIVE, MCLEAN VA 22102 |
Chris Carr | director | 7930 JONES BRANCH DRIVE, MCLEAN VA 22102 |
Jonathan W. Witter | officer: See Remarks | 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102 |
Ian Russell Carter | officer: See Remarks | HILTON HOTELS CORPORATION, 9336 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210 |
Hna Tourism Group Co., Ltd. | 10 percent owner | HNA BUILDING, NO. 7 GUOXING ROAD, HAIKOU F4 570203 |
Blackstone Real Estate Associates Vi L.p. | 10 percent owner | C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154 |
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