Hilton Worldwide Holdings (HLT, Financial) was featured in the Pershing Square Semiannual 2024 Letter for Q2, highlighting the company's strong revenue growth and strategic initiatives. The fund manager, Bill Ackman (Trades, Portfolio), emphasized Hilton's ability to capitalize on favorable industry trends and its commitment to cost control and capital return programs.
"In the first half of 2024, Hilton generated strong revenue growth as the lodging industry experienced solid global demand against a favorable supply backdrop. Near-term industry trends remain positive, with continued strong international growth, improving business transient demand and extremely robust group demand, which is poised to sequentially accelerate in the third quarter." — Bill Ackman (Trades, Portfolio), Pershing Square Holdings, Q2 2024 Fund Letter
Read full letter at gurufocus Bill Ackman's Pershing Square Semiannual 2024 Letter 2024 Q2 page.