希尔顿集团Hilton Worldwide (HLT) 2016年年度报告「NYSE」.pdf

1、2016 ANNUAL REPORT HILTON 2016 ANNUAL REPORTThe NewA MARKET-LEADING,RESILIENT,FEE-BASED BUSINESSMAJORITY FRANCHISE FEES70%TOTAL FEES FRANCHISE DRIVENCAPITAL EFFICIENT GROWTH6.6%MANAGED&FRANCHISEDNET UNIT GROWTHLOWER VOLATILITY90%ADJUSTED EBITDA FROM FEESGENERATING SIGNIFICANT FREE CASH FLOW$3.0-4.5B

2、OF POTENTIAL CAPITAL RETURN 2017E TO 2019ESUPPORTED BY STRONG FUNDAMENTALSHOTEL ROOMS PER CAPITAINDIA0.2BRAZIL1.1CHINA1.5UNITED STATES15.8HOTEL UNDER-PENETRATIONIN HIGH-GROWTH MARKETSTHE BEST-PERFORMING PORTFOLIO OF BRANDS IN THE BUSINESSA RECORD PIPELINE GENERATING SUBSTANTIAL RETURNS ON MINIMAL CA

3、PITAL INVESTMENTPIPELINE ROOMS 310K ROOMS UNDER CONSTRUCTION 157K THIRD-PARTY INVESTMENT$50B HILTON INVESTMENT$144M STABILIZED ADJUSTED EBITDA$660MGROWING BASE OF CUSTOMERS WHO CAN AND WANT TO TRAVELGLOBAL MIDDLE CLASS 2XLAST 20 YEARS,EXPECTED TO DOUBLE AGAIN NEXT 20 YEARSINCREMENTAL ANNUAL TRIPS EX

4、PECTED NEXT 20 YEARSGLOBAL TOURIST ARRIVALS+1BExecutive CommitteeStockholder InformationBoard of DirectorsFront cover properties:Hilton Garden Inn Bali Ngurah Rai Airport and Gran Hotel Montesol Ibiza,Curio Collection by Hilton.Back cover properties:Waldorf Astoria Hutong Villa;Conrad Makkah;Canopy

5、by Hilton Reykjavik City Centre;Hilton Edinburgh Carlton;Hotel La Jolla,Curio Collection by Hilton;Grand Naniloa Hotel Hilo a DoubleTree by Hilton;Embassy Suites by Hilton McAllen Convention Center;Hilton Garden Inn Bali Ngurah Rai Airport;Hampton Inn Houston I-10 East;Homewood Suites by Hilton Cape

6、 Canaveral Cocoa Beach;Home 2 Suites by Hilton Minneapolis Bloomington and Hilton Vilamoura Vacation Club.This report is printed on FSC certified paper.2017 HiltonDesigned and produced by Corporate Reports Inc./A.CHRISTOPHER J.NASSETTAPresident&Chief Executive Officer,HiltonJONATHAN D.GRAYChairman o