HILTON’S NET INCOME AT $268 MILLION IN FIRST QUARTER OF 2024

HILTON WORLDWIDE HOLDINGS posted a net income of $268 million in the first quarter of 2024. System-wide comparable RevPAR rose by 2 percent on a currency
neutral basis, compared to the first quarter of 2023. The company’s fee-based business model and development efforts contributed to its performance, with steady
momentum in signings, starts and openings, indicating a healthy pipeline.

The company said it can continue building momentum in the near future, based on the growth trajectory observed thus far.

“We are pleased to report a strong first quarter with bottom-line results meaningfully exceeding our expectations, further demonstrating the power of our resilient,
fee-based business model and strong development story,” said Christopher Nassetta, Hilton’s president and CEO. “During the first quarter, system-wide RevPAR
increased 2 percent as renovations, inclement weather and unfavorable holiday shifts weighed on performance more than anticipated.”