Hilton reported “solid” first quarter results, according to Christopher Nassetta, CEO, driven by better than expected top line performance in March. The results in the quarter, said Nassetta, enabled the company to begin returning capital to shareholders earlier than anticipated. During the quarter, systemwide revenue per available room (RevPAR) increased 80.5% over the same period in 2021, due to increases in both occupancy and average daily rate. For comparison to pre-pandemic results, systemwide RevPAR for the first three months of this year was down 17% compared with the same period in 2019. Net income for the first quarter of 2022 was $211 million with adjusted EBIDTA (earnings before interest, depreciation, taxes and amortization) of $448 million. The company approved 22,000 new rooms for development during the first quarter, bringing the development pipeline to 410,000 room as of March 31. Full-year RevPAR is expected to increase between 32% and 38%; full year net income is projected to be between $1,001 million and $1,071 million; and full year adjusted EBITDA is projected to be between $2,250 million and $2,350 million.