Hilton Worldwide Holdings CEO Chris Nassetta on Q3 2020 Results - Earnings Call Transcript

11/4/20

Hilton Worldwide Holdings Inc. (NYSE:HLT) Q3 2020 Results Conference Call November 4, 2020 10:00 AM ET

Company Participants

Jill Slattery - Vice President, Investor Relations

Chris Nassetta - President and Chief Executive Officer

Kevin Jacobs - Chief Financial Officer and President, Global Development

Conference Call Participants

Carlo Santarelli - Deutsche Bank

Joe Greff - JPMorgan

Shaun Kelley - Bank of America Merrill Lynch

Stephen Grambling - Goldman Sachs

Thomas Allen - Morgan Stanley

David Katz - Jefferies

Robin Farley - UBS

Bill Crow - Raymond James

Smedes Rose - Citigroup

Richard Clarke - Bernstein

Patrick Scholes - Truist Securities

Anthony Powell - Barclays

Jared Shojaian - Wolfe Research

Vince Ciepiel - Cleveland Research

Rich Hightower - Evercore ISI

Operator

Good morning, and welcome to the Hilton Third Quarter 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Jill Slattery, Vice President, Investor Relations. Please go ahead.

Jill Slattery

Thank you, Chad. Welcome to Hilton's third quarter 2020 earnings call. Before we begin, we would like to remind you that our discussions this morning will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements, and forward-looking statements made today speak only to our expectations as of today. We undertake no obligation to publicly update or revise these statements. For a discussion of some of the factors that could cause actual results to differ, please see the Risk Factors section of our most recently filed Form 10-K as supplemented by our 10-Q filed on August 6, 2020.

In addition, we will refer to certain non-GAAP financial measures on this call. You can find reconciliations of non-GAAP to GAAP financial measures discussed in today's call in our earnings press release and on our website at ir.hilton.com.

This morning, Chris Nassetta, our President and Chief Executive Officer, will provide an overview of the current operating environment. Kevin Jacobs, our Chief Financial Officer and President, Global Development, will then review our third quarter results. Following their remarks, we'll be happy to take your questions.

With that, I'm pleased to turn the call over to Chris.

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