Hilton Worldwide Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q1 results exceeded guidance with 3.6% RevPAR growth and strong net unit expansion. Full-year outlook remains positive despite Middle East headwinds, with 2%-3% RevPAR growth and robust development pipeline. $3.5B in capital returns targeted for 2026.
Fiscal Year 2025
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Record adjusted EBITDA and capital returns marked 2025, with robust global expansion and strong loyalty program growth. 2026 guidance anticipates 1%-2% RevPAR growth, continued net unit growth, and $3.5 billion in shareholder returns, led by international and group segment strength.
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Adjusted EBITDA and EPS exceeded expectations despite a 1% RevPAR decline, driven by strong net unit growth and cost control. The development pipeline reached over 515,000 rooms, with nearly 40% of 2025 openings expected as conversions. $3.3 billion will be returned to shareholders in 2025.
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Q2 results exceeded expectations with $1B+ adjusted EBITDA and strong net unit growth, despite a slight RevPAR decline. Development pipeline hit a record, conversion activity surged, and guidance for full-year growth and capital returns remains robust.
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Adjusted EBITDA and EPS exceeded expectations in Q1, with 2.5% RevPAR growth led by group and business transient segments. Development momentum continued with 186 hotel openings and a 7.2% net unit growth, while macro uncertainty is expected to keep Q2 RevPAR flat. Full-year guidance anticipates flat to 2% RevPAR growth and $3.65B–$3.71B adjusted EBITDA.
Fiscal Year 2024
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Record unit growth and strong financial results in 2024, with adjusted EBITDA up 11% and system-wide RevPAR up 2.7% year-over-year. Guidance for 2025 anticipates continued growth, with RevPAR up 2%-3% and net unit growth of 6%-7%.
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Record net unit growth and strong fee-driven earnings offset softer RevPAR, with adjusted EBITDA and EPS exceeding guidance. Group and business transient segments led growth, while international expansion and conversions fueled pipeline momentum. Full-year outlook remains positive, with robust capital returns.
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Q2 results exceeded guidance with 3.5% RevPAR growth and 13% higher adjusted EBITDA year-over-year. Net unit growth is projected at 7%-7.5% for 2024, driven by strong group demand, rapid expansion in lifestyle and conversion brands, and robust development pipeline.