Hilton Reports Earnings Beat as RevPAR Growth Remains Modest

Core Insights - Hilton Worldwide Holdings Inc. reported fourth-quarter earnings that exceeded Wall Street estimates, with adjusted earnings per share of $2.08 surpassing the consensus of $2.02 and revenue of $3.09 billion exceeding forecasts of $2.99 billion [1] Financial Performance - The company posted fourth-quarter net income of $298 million and adjusted EBITDA of $946 million, compared to $505 million and $858 million in the same period a year earlier [2] - System-wide comparable revenue per available room (RevPAR) increased by 0.5% year over year on a currency-neutral basis in the fourth quarter, supported by higher average daily rates despite modest declines in occupancy [2] - For the full year 2025, comparable RevPAR rose 0.4% compared to 2024 [2] Growth and Development - Hilton continued to expand its global footprint, adding 26,000 rooms during the quarter, contributing to a net unit growth of 6.7% compared to December 2024 [3] - The development pipeline reached a record 520,500 rooms as of December 31, 2025 [3] - For 2026, Hilton forecasts comparable, currency-neutral RevPAR growth of 1.0% to 2.0% and projects full-year adjusted EPS of $8.65 to $8.77, below the analyst consensus of $9.15, with net unit growth of 6.0% to 7.0% [3]