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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Delivered record adjusted EBITDA and strong net unit growth in 2025, with robust international and group segment performance offsetting softer U.S. demand. 2026 guidance anticipates 1%-2% RevPAR growth, continued capital returns, and further expansion of the global pipeline.
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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, with system-wide RevPAR up 2.5% year-over-year, led by group and international growth. Guidance for 2025 remains cautious amid macro uncertainty, but development momentum and capital returns are strong.
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 group demand drove Q3 results, with adjusted EBITDA and EPS exceeding guidance despite softer RevPAR. The pipeline reached 492,000 rooms, and full-year 2024 guidance remains robust, with continued focus on international expansion and capital returns.
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Q2 saw strong RevPAR and EBITDA growth, with robust group and business transient demand. Net unit growth guidance was raised to 7%-7.5% for 2024, and the pipeline reached 508,000 rooms. Full-year RevPAR growth is expected at 2%-3%, with continued margin expansion and strong capital returns.