Hilton Puts Hefty First-Quarter Numbers on the Board

Hilton has reported first quarter 2006 total operating income of $235 million, marking a 44 percent increase from the 2005 period, on total revenue of $1.519 billion, which means a 41 percent increase from $1.076 billion in the 2005 quarter.

Other first quarter highlights, which include approximately five weeks of combined company results following the acquisition of the lodging assets of Hilton Group PLC on February 23, are total company adjusted EBITDA of $328 million, up 30 percent from last year´s first three months, and first-quarter net income of $104 million, compared with $64 million in the 2005 quarter.

Fees were up 49 percent to $152 million on strong RevPAR and unit growth, the HI acquisition and a one-time termination fee. In the same breath, timeshare profitability was up 20 percent, driven by increase in average unit sales price.