HLT · Hilton Worldwide Holdings Inc.

Hilton delivered strong Q1 2026 results with system-wide comparable RevPAR up 3.6% on a currency neutral basis versus prior year, driven by gains in both occupancy and ADR across all chain-scales, brands, and customer segments. Management and franchise fee revenues surged 10.4%, reflecting robust demand trends supported by U.S. macroeconomic tailwinds. CEO Christopher J. Nassetta highlighted continued strengthening since late 2025 and the largest pipeline in company history at 527,000 rooms. Development activity was robust, adding 26,200 rooms to the pipeline and 16,300 rooms to the system (10,900 net), achieving 6.3% net unit growth. Notable launches included Select by Hilton brand with YOTEL and key openings like The Monarch San Antonio. Balance sheet remains solid with $12.5 billion debt at 5.00% weighted average rate, $619 million cash, and no material maturities before April 2027. Capital return accelerated with $825 million in share repurchases at $301.71 average price plus $35 million dividend, totaling $860 million for the quarter. The company raised full-year outlook, projecting RevPAR growth of 2-3%, net income $1.91-1.94 billion, and Adjusted EBITDA $4.02-4.06 billion, alongside $3.5 billion capital return and 6-7% net unit growth. Q2 guidance shows similar RevPAR growth with profitability measures impacted by prior-year one-time items and lower Middle East RevPAR.