希尔顿酒店发布2025年财报，营收利润超预期但2026年指引谨慎

Core Viewpoint - Hilton Hotels reported a strong Q4 2025 performance with revenue growth of 11% year-over-year, reaching $3.09 billion, and an adjusted EPS of $2.08, exceeding market expectations. However, the company provided cautious guidance for 2026, anticipating adjusted EPS between $8.65 and $8.77, below the market forecast of $9.13, primarily due to a slowdown in U.S. travel demand [1][2]. Financial Performance - Q4 2025 revenue was $3.09 billion, an 11% increase year-over-year [1] - Full-year revenue for 2025 reached $12.039 billion, a 7.74% increase [1] - Net profit attributable to shareholders for 2025 was $1.457 billion [1] - RevPAR showed a slight increase of 0.5% in Q4, reversing a previous downward trend [1] Stock Performance - As of February 13, 2026, Hilton's stock closed at $314.62, down 2.34% on that day [1] - The stock had a cumulative increase of 0.08% over the past five trading days, with a price fluctuation of 7.19% [1] - Year-to-date, the stock price has risen by 9.53%, with a total market capitalization of approximately $72.14 billion [1] Analyst Ratings - In January 2026, multiple institutions updated their ratings, with Morgan Stanley raising its target price to $306 and Wells Fargo to $338, while the average target price among institutions is around $299 [2] - 46% of the ratings are "overweight," indicating a positive outlook for the stock [2] - Industry analysis suggests a slowdown in hotel supply growth in 2026, with potential recovery in occupancy rates in high-end cities, which may support RevPAR growth [2]