HLT

A month has gone by since the last earnings report for Hilton Worldwide Holdings Inc. (HLT). Shares have added about 3.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Hilton Worldwide due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Hilton reported second-quarter 2026 results, wherein earnings met the Zacks Consensus Estimate, while revenues missed the same. The top and bottom lines increased on a year-over-year basis.Hilton delivered solid operating performance during the quarter, driven by improving travel demand, higher system-wide RevPAR and continued expansion of its managed and franchised hotel network. Higher franchise and licensing fees supported results, while declines in ownership revenues and incentive management fees partly offset the gains. Management expects demand momentum to continue through the remainder of 2026 and into 2027. Hilton reported adjusted earnings per share of $2.29, in line with the Zacks Consensus Estimate. In the year-ago quarter, it reported adjusted earnings of $2.20 per share. The metric increased 4.1% year over year.Total revenues of $3.34 billion missed the consensus mark of $3.36 billion by 0.6%. Nonetheless, revenues increased 6.5% year over year from $3.14 billion.The quarter’s franchise and licensing fees improved 8.5% year over year to $808 million from $745 million. Our estimate for the metric was $837.7 million.Base and other management fees increased 2.1% to $99 million from $97 million. Our estimate for the metric was $113.4 million.Incentive management fees declined 8% year over year to $69 million. Ownership revenues fell 6.3% to $311 million, while other revenues decreased 6.5% to $72 million. Cost reimbursement revenues increased 9.4% year over year to $1.98 billion from $1.81 billion. In the second quarter, system-wide comparable RevPAR increased 3.9% year over year on a currency-neutral basis, driven by increases in both occupancy and average daily rate. Our model projected system-wide RevPAR growth of 2.1%.Occupancy improved 1 percentage point year over year to 74.9%. Average daily rate increased 2.5% year over year to $166.97.RevPAR in the United States increased 5.4% year over year. The metric rose 4.6% in the Americas, excluding the United States, and 4.3% in Europe. Asia-Pacific RevPAR increased 1.2%.However, RevPAR in the Middle East and Africa declined 29.5% year over year, owing to a 16.1-percentage-point decrease in occupancy and an 8.1% decline in average daily rate.Adjusted EBITDA were $1.05 billion, up 4.6% year over year. Adjusted EBITDA margin expanded 140 basis points year over year to 76.6%.Net income in the second quarter increased 9% year over year to $482 million. Operating income advanced 10.3% year over year to $858 million. As of June 30, 2026, Hilton’s total cash and cash equivalents, including restricted cash, were $1.06 billion compared with $970 million as of Dec. 31, 2025.As of the second quarter, the company had $13.44 billion of debt outstanding, excluding unamortized deferred financing costs and discounts, compared with $12.46 billion at 2025-end. The weighted average interest rate was 5.03%.In May 2026, Hilton issued $1 billion aggregate principal amount of 5.5% senior notes due 2031. It used a portion of the proceeds to repay $450 million of borrowings under its revolving credit facility.During the quarter, the company repurchased 2.9 million shares for $932 million. Total capital returns, including dividends, were $966 million during the quarter and $2.03 billion year to date through July. In the second quarter of 2026, Hilton opened 207 hotels comprising 24,100 rooms, resulting in 21,600 net room additions. Room openings increased 50% sequentially from the first quarter of 2026.The company achieved net unit growth of 6.1% from June 30, 2025. Hilton also approved 42,900 rooms for development during the quarter, with approvals increasing 50% sequentially.As of June 30, 2026, Hilton’s development pipeline comprised 3,853 hotels representing 541,300 rooms across 132 countries and territories. The pipeline increased 6% year over year and reached a record level.During the quarter, Hilton launched Undergraduate by Hilton, an upper-midscale lifestyle brand targeting college and university markets. Notable openings included Conrad Athens The Ilisian and the first three Apartment Collection by Hilton properties. For third-quarter 2026, Hilton anticipates net income between $502 million and $516 million. Adjusted EBITDA is expected to be between $1.04 billion and $1.06 billion. It predicts adjusted earnings per share between $2.28 and $2.34.For the third quarter of 2026, management forecasts system-wide comparable RevPAR growth of approximately 4% year over year on a currency-neutral basis.For 2026, Hilton estimates net income between $1.88 billion and $1.91 billion. Adjusted EBITDA is expected to be between $4.04 billion and $4.08 billion. It predicts adjusted earnings per share between $8.89 and $9.01.Management anticipates full-year system-wide comparable RevPAR growth of 3-3.5% year over year. Net unit growth is expected between 6% and 7%, while capital returns are projected to be approximately $3.5 billion. In the past month, investors have witnessed a downward trend in fresh estimates. At this time, Hilton Worldwide has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. However, the stock has a score of F on the value side, putting it in the fifth quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Hilton Worldwide has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Hilton Worldwide Holdings Inc. reported second-quarter 2026 results showing higher revenue of US$3,341 million and net income of US$482 million year over year, while its board authorized a regular quarterly cash dividend of US$0.15 per share payable on September 30, 2026. The company also projected higher diluted EPS and net income for the third quarter and full year 2026 and disclosed that, since 2017, it has repurchased 99,277,992 shares for US$14.67 billion, reinforcing its asset-light, capital-return-focused model. We’ll now assess how Hilton’s increased earnings guidance and ongoing share repurchases interact with its existing investment narrative and risk profile. We've uncovered the 8 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own Hilton, you need to believe in its asset light model, global pipeline and ability to convert RevPAR into durable fee earnings. The latest quarter’s higher revenue and net income, plus raised EPS guidance, support that narrative, while the biggest near term risk remains any sustained softness in core travel demand that would pressure RevPAR and limit the benefit of new openings. The recent news does not materially change that risk balance. The most relevant update here is Hilton’s ongoing share repurchase activity, with 99,277,992 shares bought back for US$14,668.53 million since 2017. For a thesis built on fee based growth and strong cash generation, the combination of rising 2026 EPS guidance and continued buybacks reinforces the emphasis on returning capital to shareholders while the large development pipeline and new brands, such as Undergraduate by Hilton, remain key operational catalysts. Yet even with higher earnings guidance, investors should be aware that Hilton’s dependence on aggressive unit growth and a large development pipeline leaves it exposed to... Read the full narrative on Hilton Worldwide Holdings (it's free!) Hilton Worldwide Holdings' narrative projects $15.7 billion revenue and $2.6 billion earnings by 2029. Uncover how Hilton Worldwide Holdings' forecasts yield a $347.33 fair value, a 9% upside to its current price. Simply Wall St Community members have only two fair value estimates for Hilton, ranging from US$251.81 to US$347.33, showing how far apart views on upside can be. When you set that against Hilton’s dependence on a large, under construction pipeline, it underlines why many investors prefer to examine several opinions before deciding how resilient the business really is. Explore 2 other fair value estimates on Hilton Worldwide Holdings - why the stock might be worth 21% less than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Hilton Worldwide Holdings research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision. Our free Hilton Worldwide Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Hilton Worldwide Holdings' overall financial health at a glance. Our daily scans reveal stocks with breakout potential. Don't miss this chance: Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include HLT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Hilton Worldwide Holdings (HLT) has drawn investor attention after reporting second quarter 2026 results, reaffirming its regular cash dividend and updating progress on a long running share repurchase program. For the second quarter ended June 30, 2026, Hilton Worldwide Holdings reported revenue of US$3,341 million compared with US$3,137 million a year earlier. Net income was US$482 million, with basic earnings per share from continuing operations of US$2.12 and diluted earnings per share of US$2.10. Over the first six months of 2026, revenue was US$6,278 million compared with US$5,832 million in the prior year period. Net income for the half year was US$867 million. Basic earnings per share from continuing operations were US$3.80, while diluted earnings per share from continuing operations were US$3.76. Alongside the earnings release, the board authorized a regular quarterly cash dividend of US$0.15 per share, payable on September 30, 2026 to shareholders of record as of the close of business on August 21, 2026. This maintains a cash return component in the overall equity profile for Hilton Worldwide Holdings at the current share price level of US$317.60 as of August 6, 2026. The company also provided guidance for the third quarter and full year 2026. For the quarter ending September 30, 2026, diluted EPS is projected to be between US$2.20 and US$2.26, with net income between US$502 million and US$516 million. For the year ending December 31, 2026, Hilton Worldwide Holdings projects diluted EPS between US$8.22 and US$8.35, and net income between US$1.883 billion and US$1.911 billion. Share repurchases have continued alongside these earnings and dividend announcements. From April 1, 2026 to June 30, 2026, Hilton Worldwide Holdings repurchased 2,850,342 shares, representing 1.25% of its share count, for US$932.03 million. Since the buyback program was announced on February 24, 2017, the company has repurchased 99,277,992 shares, representing 36.62% of shares, for a total of US$14,668.53 million. At the current market capitalization of about US$72.47 billion, this long running repurchase activity, combined with a regular cash dividend, provides two clear components of capital return policy to consider alongside Hilton Worldwide Holdings' earnings trajectory and guidance. See our latest analysis for Hilton Worldwide Holdings. Hilton Worldwide Holdings' recent earnings, dividend affirmation and continued buybacks come as the share price has eased 4.66% over the past month yet remains up 8.40% year to date, with a 1 year total shareholder return of 21.33% and a 3 year total shareholder return of 106.74%. This suggests that long term momentum has been stronger than the shorter term share price moves. If you are weighing Hilton's mix of income and buybacks against other opportunities in the market, it can help to compare how different sectors are priced and growing. One way to broaden that view is to scan companies in fast changing areas using the 20 top founder-led companies With Hilton Worldwide Holdings down 4.66% over the past month yet still showing strong multi year total returns, it is fair to ask whether the recent pullback reflects the business results or a swing in sentiment as investors reassess valuation. Compared with the narrative fair value of $347.33, Hilton Worldwide Holdings at $317.60 is priced below that reference point, which puts extra focus on what has been assumed about its future growth and margins. Read the complete narrative. Curious what sits behind that confidence? The narrative leans on rapid revenue expansion, shifting margins and a rich future earnings multiple. The exact mix may surprise you. Result: Fair Value of $347.33 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Hilton Worldwide Holdings still faces risks from softer RevPAR trends in key markets and rising costs to win hotel conversions, which could weigh on margins and earnings expectations. Find out about the key risks to this Hilton Worldwide Holdings narrative. The earlier narrative pointed to Hilton Worldwide Holdings trading below a fair value estimate of $347.33 based on future earnings assumptions. Looking at the current P/E of 45.1x paints a tougher picture, since it sits well above the US Hospitality industry at 23.4x and the peer average at 33.4x. It is also above a fair ratio of 31.8x that the market could move toward over time. That gap suggests valuation risk if expectations cool, so the question is whether Hilton's growth profile and capital returns are strong enough for you to stay comfortable paying that kind of premium. See what the numbers say about this price — find out in our valuation breakdown. With mixed signals on valuation and sentiment around Hilton Worldwide Holdings, you may want to move quickly and test the numbers for yourself before opinions shift further. A useful place to start is by weighing both sides of the story through the 1 key reward and 2 important warning signs. If Hilton Worldwide Holdings is already on your radar, do not stop there. Use this moment to line up a few more ideas before the market moves. Target stronger value by scanning companies that combine quality fundamentals with appealing prices through the 51 high quality undervalued stocks. Build a steadier income stream by reviewing companies with robust payouts using the 8 dividend fortresses. Prioritise resilience by checking companies with healthier balance sheets via the solid balance sheet and fundamentals stocks screener (49 results). This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include HLT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry analysis delivered straight to their inbox with the free CRE Daily newsletter. Hilton’s Q2 2026 revenue and EPS narrowly surpassed Wall Street forecasts. RevPAR rose nearly 4%, but World Cup-driven demand was weaker than anticipated. Q3 profit guidance lags expectations, signaling ongoing headwinds for hotel operators. Hilton Worldwide Holdings’ Q2 2026 results offered a modest upside surprise, but the headline numbers were dampened by softer-than-expected demand around the 2026 FIFA World Cup. According to Bisnow, revenue for the global hotel operator climbed 6.5% year-over-year to $3.34B, with per-share earnings at $2.29—both just above consensus. Average daily rates and occupancy gains pushed systemwide comparable RevPAR up nearly 4% from Q2 2025. But these numbers paled in comparison to initial projections set when hoteliers were forecasting a banner year fueled by World Cup visitors and America’s 250th anniversary events. Instead, the expected surge in hospitality spending proved short-lived, with strong RevPAR during select matches offset by weaker business travel and shorter guest stays. Hilton’s Q2 revenue hit $3.34B, topping the $3.32B consensus, while EPS reached $2.29 versus a $2.27 estimate per Seeking Alpha. Systemwide comparable RevPAR grew nearly 4% from Q2 2025, fueled by higher rates and occupancy. Net income jumped 9% to $482M, and adjusted EBITDA climbed to $1.05B, up from $1.01B. The company expanded aggressively, adding over 24,000 rooms and approving nearly 43,000 more during the quarter—a 50% increase from Q1. Hilton’s development pipeline reached a record 541,000 rooms, up 6% year-over-year. The company also repurchased 2.9M shares, returning $966M to shareholders in Q2. Despite these solid numbers, Hilton’s stock dipped by roughly 3% on Tuesday as third-quarter earnings guidance missed analyst expectations. Hoteliers across the US were banking on marquee sporting and national events to power outsized RevPAR jumps in 2026. However, per Bisnow, similar to Hilton, many brands experienced only moderate demand spikes surrounding major World Cup games, with leisure guests booking short, event-driven stays and corporate travelers avoiding host cities. This uneven demand followed earlier signs that US hotels trailed Canada and Mexico in capturing World Cup-related bookings, limiting the expected tourism boost. Meanwhile, the expected windfall from America’s 250th anniversary fizzled across the sector. Industry-wide, supply is outpacing this episodic demand, as major brands like Hilton and Marriott doubled down on development pipelines in anticipation of robust travel, only to see softer-than-forecast outcomes. Against this backdrop, stock market reaction has skewed negative—Hilton’s peer group has struggled to maintain post-pandemic momentum as revenue growth normalizes. The divergent story lines between projected and actual hospitality growth in 2026 point to a tougher macroenvironment for hotel operators. Per a 2026 STR report, overall US RevPAR growth for the sector has slowed to mid-single digits and remains highly event-driven, with citywide spikes during sports and convention weeks offset by weaker periods before and after. Hilton’s results echo this, as the company did beat consensus, but not enough to spark investor enthusiasm. The drop in Hilton’s share price after earnings reflects muted expectations for the back half of 2026, despite room additions and returns of capital. Ongoing expansion—Hilton’s pipeline up 6% year-over-year and net unit growth forecast in the 6%-7% range—underscores continued confidence in long-term demand. But management’s Q3 guidance for EPS of $2.28–$2.34 missed the $2.43 consensus per Investing.com, while the company projects Q4 headwinds from unfavorable calendar shifts and midterm elections. In short, the numbers highlight an industry still clawing back to pre-pandemic margins, with event-driven volatility and new supply tempering performance. Investors in the space will watch closely for signs that travel fundamentals strengthen into 2027, or whether more quarters of ‘good, not great’ results become the new normal. Hilton expects systemwide comparable RevPAR growth to hold steady around 4% for Q3, with adjusted EBITDA projected at $1.04B to $1.05B. Net unit growth is on track at 6% to 7% for 2026 and beyond, reflecting Hilton’s aggressive expansion stance despite demand moderation. Management is bracing for favorable calendar shifts in Q3 lending a temporary lift, but anticipates a softer Q4 due to midterm elections and conflicting event schedules. If demand remains sluggish, large US hoteliers could face additional margin pressure heading into 2027—even as they set new room count records and deploy capital for long-term growth. Legora Taps 11 Madison for Major NYC Legal AI Expansion NYC Doubles Retail Lease Assistance Funding Amid Tight Market New York Surpasses San Francisco as Top US Office Market

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance exceeded expectations due to a significant recovery in U.S. business transient and group demand, alongside a strong World Cup impact. Midweek business transient RevPAR saw a notable step-up, driven primarily by small- to medium-sized businesses (SMBs) outperforming large corporate accounts. Management identifies a 'C-shaped' economic recovery where the middle and lower-income consumers are returning to the market, benefiting midscale and upper-midscale brands. Signings reached near-record levels with over 70% in international markets, reflecting a strategic focus on regions where Hilton currently holds low market share. The company is aggressively pursuing owner profitability through 'Project RISE' and loyalty fee reductions to offset inflationary pressures on labor, insurance, and energy. Development momentum is supported by a record pipeline of 541,000 rooms, with nearly half already under construction to ensure sustained unit growth. Technological innovation, including direct API connections with travel management companies, is being leveraged to bypass expensive distribution intermediaries and lower owner costs. Full-year system-wide RevPAR growth guidance is raised to 3% to 3.5%, assuming continued strengthening of business transient demand into the third quarter. Net unit growth is projected at 6% to 7% for the full year, with delivery heavily back-end loaded due to the timing of construction completions and conversions. Management anticipates 2027 will benefit from macro tailwinds including AI infrastructure investment, public infrastructure spending, and a potential recovery in inbound international travel. Guidance assumes a continued drag from the Middle East conflict, estimated to impact overall RevPAR growth by approximately 0.5 percentage points. The company expects to return approximately $3.5 billion to shareholders in 2026 through a combination of share repurchases and dividends. The ownership portfolio faces a $20 million to $25 million EBITDA headwind due to strategic renovations at major hotels in Munich, Amsterdam, and Tokyo. The Middle East conflict remains a primary risk factor, resulting in a RevPAR decrease of approximately 30% in that region during the second quarter. China's performance continues to be a drag on the Asia Pacific region, with RevPAR down 2.2% due to government restrictions on group travel and a sputtering economy. Fourth quarter RevPAR is expected to be slightly below the full-year range due to unfavorable calendar shifts and the impact of U.S. midterm elections. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management reduced loyalty fees and launched 'Project RISE' to provide 75 to 100 basis points of margin relief for owners facing high operating costs. The program uses a 'gating system' where fee discounts are contingent on hotels meeting specific guest experience and investment standards. A second phase, 'RISE 2', is underway to identify further P&L efficiencies through AI and brand standard optimizations. Management views 2% to 2.5% as the 'clean' run-rate for RevPAR growth once World Cup and holiday noise is removed. Confidence in 2027 is driven by high correlations between hotel demand and massive private/public investments in the 'AI complex' and infrastructure. Potential upside exists if the Middle East conflict resolves or if the China market reaches a level of stability. Visibility into the 6% to 7% NUG target is high because the vast majority of expected openings are already under construction. The acceleration is a function of historical delivery math and a healthy pipeline of 'in-the-year-for-the-year' conversion deals. U.S. construction starts increased over 40% year-over-year, signaling developer confidence in the cyclical upcycle.

Hilton Worldwide Holdings Inc. HLT reported second-quarter 2026 results, wherein earnings met the Zacks Consensus Estimate, while revenues missed the same. The top and bottom lines increased on a year-over-year basis.Hilton delivered solid operating performance during the quarter, driven by improving travel demand, higher system-wide RevPAR and continued expansion of its managed and franchised hotel network. Higher franchise and licensing fees supported results, while declines in ownership revenues and incentive management fees partly offset the gains. Management expects demand momentum to continue through the remainder of 2026 and into 2027. Hilton reported adjusted earnings per share of $2.29, in line with the Zacks Consensus Estimate. In the year-ago quarter, it reported adjusted earnings of $2.20 per share. The metric increased 4.1% year over year. Hilton Worldwide Holdings Inc. price-consensus-eps-surprise-chart | Hilton Worldwide Holdings Inc. Quote Total revenues of $3.34 billion missed the consensus mark of $3.36 billion by 0.6%. Nonetheless, revenues increased 6.5% year over year from $3.14 billion.The quarter’s franchise and licensing fees improved 8.5% year over year to $808 million from $745 million. Our estimate for the metric was $837.7 million.Base and other management fees increased 2.1% to $99 million from $97 million. Our estimate for the metric was $113.4 million.Incentive management fees declined 8% year over year to $69 million. Ownership revenues fell 6.3% to $311 million, while other revenues decreased 6.5% to $72 million. Cost reimbursement revenues increased 9.4% year over year to $1.98 billion from $1.81 billion. In the second quarter, system-wide comparable RevPAR increased 3.9% year over year on a currency-neutral basis, driven by increases in both occupancy and average daily rate. Our model projected system-wide RevPAR growth of 2.1%.Occupancy improved 1 percentage point year over year to 74.9%. Average daily rate increased 2.5% year over year to $166.97.RevPAR in the United States increased 5.4% year over year. The metric rose 4.6% in the Americas, excluding the United States, and 4.3% in Europe. Asia-Pacific RevPAR increased 1.2%.However, RevPAR in the Middle East and Africa declined 29.5% year over year, owing to a 16.1-percentage-point decrease in occupancy and an 8.1% decline in average daily rate.Adjusted EBITDA were $1.05 billion, up 4.6% year over year. Adjusted EBITDA margin expanded 140 basis points year over year to 76.6%.Net income in the second quarter increased 9% year over year to $482 million. Operating income advanced 10.3% year over year to $858 million. As of June 30, 2026, Hilton’s total cash and cash equivalents, including restricted cash, were $1.06 billion compared with $970 million as of Dec. 31, 2025.As of the second quarter, the company had $13.44 billion of debt outstanding, excluding unamortized deferred financing costs and discounts, compared with $12.46 billion at 2025-end. The weighted average interest rate was 5.03%.In May 2026, Hilton issued $1 billion aggregate principal amount of 5.5% senior notes due 2031. It used a portion of the proceeds to repay $450 million of borrowings under its revolving credit facility.During the quarter, the company repurchased 2.9 million shares for $932 million. Total capital returns, including dividends, were $966 million during the quarter and $2.03 billion year to date through July. In the second quarter of 2026, Hilton opened 207 hotels comprising 24,100 rooms, resulting in 21,600 net room additions. Room openings increased 50% sequentially from the first quarter of 2026.The company achieved net unit growth of 6.1% from June 30, 2025. Hilton also approved 42,900 rooms for development during the quarter, with approvals increasing 50% sequentially.As of June 30, 2026, Hilton’s development pipeline comprised 3,853 hotels representing 541,300 rooms across 132 countries and territories. The pipeline increased 6% year over year and reached a record level.During the quarter, Hilton launched Undergraduate by Hilton, an upper-midscale lifestyle brand targeting college and university markets. Notable openings included Conrad Athens The Ilisian and the first three Apartment Collection by Hilton properties. For third-quarter 2026, Hilton anticipates net income between $502 million and $516 million. Adjusted EBITDA is expected to be between $1.04 billion and $1.06 billion. It predicts adjusted earnings per share between $2.28 and $2.34.For the third quarter of 2026, management forecasts system-wide comparable RevPAR growth of approximately 4% year over year on a currency-neutral basis.For 2026, Hilton estimates net income between $1.88 billion and $1.91 billion. Adjusted EBITDA is expected to be between $4.04 billion and $4.08 billion. It predicts adjusted earnings per share between $8.89 and $9.01.Management anticipates full-year system-wide comparable RevPAR growth of 3-3.5% year over year. Net unit growth is expected between 6% and 7%, while capital returns are projected to be approximately $3.5 billion. Hilton currently has a Zacks Rank #3 (Hold). Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, AMC Entertainment Holdings, Inc. AMC and The Marcus Corporation MCS. Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. Life Time Group delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 64.7% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.3% and 18.1%, respectively, from the year-ago levels. AMC Entertainment presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 60.9% in the year-to-date period. The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels.Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 40.4%, on average. The stock has gained 57.9% in the year-to-date period. The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 6.2% and 211.8%, respectively, from the year-ago period’s levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. System-wide RevPAR Growth: Increased 3.9% year-over-year. Adjusted EBITDA: $1.54 billion, up 4.6% year-over-year. Diluted EPS Adjusted for Special Items: $2.29 for the second quarter. Management and Franchise Fees Growth: Increased 6.4% year-over-year. Net Unit Growth: 6.1% for the quarter. Pipeline: Over 541,000 rooms, with almost half under construction. Hotel Openings: More than 200 hotels totaling over 24,000 rooms. Full-Year RevPAR Growth Expectation: 3% to 3.5%. Full-Year Adjusted EBITDA Guidance: Between $4.04 billion and $4.08 billion. Full-Year Diluted EPS Guidance: Between $8.89 and $9.01. Capital Return to Shareholders: Expected to be approximately $3.5 billion for 2026. Warning! GuruFocus has detected 5 Warning Sign with HLT. Is HLT fairly valued? Test your thesis with our free DCF calculator. Release Date: July 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hilton Worldwide Holdings Inc (NYSE:HLT) reported strong second-quarter results with RevPAR, adjusted EBITDA, and EPS exceeding expectations. The company achieved one of the best quarters in its history for signings, further growing its record pipeline. Hilton Worldwide Holdings Inc (NYSE:HLT) opened more than 200 hotels totaling over 24,000 rooms, with significant growth in luxury and lifestyle hotels. The company is on track to return $3.5 billion to shareholders for the full year. Hilton Worldwide Holdings Inc (NYSE:HLT) continues to innovate with technology, launching initiatives like the Hilton AI Planner and a direct connection with Navon, enhancing owner profitability and guest experiences. RevPAR in the Middle East and Africa region decreased approximately 30% year-over-year, with uncertainty in recovery. RevPAR in China decreased 2.2% in the quarter due to a decline in group travel resulting from continued government restrictions. The company faces significant renovations in its ownership portfolio, impacting EBITDA by $20 million to $25 million. The ongoing conflict in the Middle East is expected to impact third-quarter results, affecting adjusted EBITDA and EPS. Despite strong overall performance, the leisure transient RevPAR was only up 1.6%, impacted by unfavorable holiday shifts and pressure from the conflict in the Middle East. Q: Chris, can you elaborate on the initiatives Hilton is taking to support owner profitability, specifically regarding reduced royalty fees and the RISE program? A: Christopher Nassetta, President and CEO, explained that Hilton has been focusing on owner profitability due to challenging operating environments pre- and post-COVID. Hilton has reduced loyalty fees and launched the RISE program, which offers program fee discounts for hotels delivering excellent guest experiences. These initiatives aim to improve owner margins by 75 to 100 basis points. Hilton is also exploring further cost efficiencies through technology and AI. Q: Can you discuss the broad-based momentum and demand trends for the remainder of the year and into 2027? A: Christopher Nassetta noted that despite some noise from the Middle East and Mexico, underlying demand trends are strong. The U.S. economy is strengthening, driven by favorable tax policies, AI investment, and infrastructure spending. Hilton expects RevPAR growth to be around 2.5% for the second half of 2026, with continued strength into 2027. Q: How is the convergence between chain scales, particularly in the U.S., evolving, and could it continue to be a tailwind into 2027? A: Christopher Nassetta stated that the mid-scale and upper mid-scale segments have seen significant improvement, driven by increased investment and midweek business transient growth. This trend is expected to continue, supported by regulatory and investment cycles, benefiting the middle class and sustaining demand in these segments. Q: Kevin, can you explain why the full-year EBITDA guidance didn't fully reflect the second-quarter beat? A: Kevin Jacobs, CFO, mentioned that the second-quarter beat included $17 million in timing items and RevPAR outperformance. However, the full-year guidance accounts for significant impacts from renovations in key hotels and the Middle East conflict, which together represent a $40 million to $50 million EBITDA impact. Q: What are the key drivers behind the expected acceleration in net unit growth (NUG) in the second half of the year, and any thoughts on 2027? A: Kevin Jacobs explained that the majority of expected openings are already under construction or in conversion. The second half is typically back-end loaded, and Hilton expects to achieve 6% to 7% NUG for 2026. This growth rate is expected to continue into 2027, supported by a strong pipeline. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Hilton Worldwide Holdings raised its full-year forecast for revenue per available room on Tuesday, citing strong demand trends and an expected boost from the recently concluded FIFA World Cup. The McLean, Virginia-based hotel company now projects system-wide comparable RevPAR — an industry measure reflecting both occupancy levels and average daily rates — to increase 3% to 3.5% for fiscal 2026 on a currency-neutral basis, an upward revision from its earlier guidance of 2% to 3%, the company said. For the third quarter, Hilton projects RevPAR growth of approximately 4%, reflecting expected benefits from the World Cup held in the U.S., Canada and Mexico. For the three months ended June 30, system-wide comparable RevPAR rose 3.9% on a currency-neutral basis compared with the same period in 2025, driven by increases in both occupancy and average daily rates. Net income for the quarter was $482 million, up from $442 million a year earlier. Adjusted EBITDA was $1,054 million, compared with $1,008 million in the second quarter of 2025. Total revenue reached $3.34 billion, up from $3.14 billion a year earlier. Diluted earnings per share came in at $2.10 for the quarter, up from $1.84 a year earlier. Adjusted diluted EPS reached $2.29 for the quarter, up from $2.20 in the second quarter of 2025. "We delivered strong top and bottom-line results for the second quarter, driven by the continuation of strengthening demand trends and broad-based momentum across our system, which we expect to continue for the remainder of the year and into 2027," President and Chief Executive Officer Christopher J. Nassetta said in a statement. One drag on results came from the Middle East and Africa region, where RevPAR dropped 29.5% in the second quarter compared with the same period last year, reflecting the impact of ongoing regional conflicts on travel demand. Looking to the fourth quarter, Hilton said its outlook is tempered by unfavorable calendar shifts and the U.S. midterm elections. For the full year, the company projects net income between $1,883 million and $1,911 million, and adjusted EBITDA between $4,040 million and $4,080 million. Hilton also expects net unit growth of 6% to 7% in 2026, with the second half of the year expected to outperform the first half. The company's development pipeline stood at 541,300 rooms as of June 30, representing 6% growth from a year earlier. Hilton repurchased 2.9 million shares of common stock during the second quarter at an average price of $326.99 per share, bringing total capital return including dividends to $966 million for the quarter. Full-year capital return is projected to be approximately $3.5 billion.

Interested in Hilton Worldwide Holdings Inc.? Here are five stocks we like better. Hilton exceeded second-quarter expectations, with system-wide RevPAR rising 3.9%, adjusted EBITDA reaching $1.054 billion and adjusted EPS totaling $2.29. Stronger U.S. business and group travel, along with World Cup-related demand, drove results. The company raised its full-year system-wide RevPAR growth outlook to 3%–3.5%, while noting headwinds from the Middle East conflict and renovations at three major hotels. Full-year adjusted EBITDA is projected at $4.04 billion–$4.08 billion. Hilton’s development momentum remained strong, with a record 541,000-room pipeline, 43,000 rooms signed during the quarter and net unit growth of 6.1%. Management expects 6%–7% full-year net unit growth, supported by international expansion and conversions. Why These 2 Hotel Stocks Are Beating Travel Peers Hilton Worldwide (NYSE:HLT) reported second-quarter results that exceeded its expectations, supported by stronger travel demand across business, group and leisure segments, while raising its full-year outlook for system-wide revenue per available room, or RevPAR. President and Chief Executive Officer Chris Nassetta said system-wide RevPAR rose 3.9% year over year during the quarter. The increase reflected an underlying recovery in U.S. demand, particularly in business transient and group travel, as well as stronger-than-expected World Cup-related demand. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Hilton’s Q1 Report Put One Big Question Front and Center for 2026 “We’re excited to report strong second quarter results with RevPAR, Adjusted EBITDA and EPS exceeding our expectations,” Nassetta said. He added that the company’s development activity produced one of its strongest quarters for signings and expanded its record hotel pipeline. Business transient RevPAR increased 5.7% globally, accelerating by three percentage points from the first quarter, according to Hilton. In the U.S., the improvement was four percentage points versus the prior quarter, driven largely by midweek demand from small and medium-sized businesses. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Does Marriott’s Massive Rally Mean It’s Time to Check Out? Group RevPAR increased 3.7%, aided by company meeting demand and favorable event-calendar shifts. Leisure transient RevPAR grew 1.6%, with World Cup demand more than offsetting unfavorable holiday timing and pressure stemming from conflict in the Middle East. Chief Financial Officer Kevin Jacobs said comparable U.S. RevPAR rose 5.4% in the second quarter, while RevPAR increased 4.6% in the Americas outside the U.S. Europe posted a 4.3% gain, led by the U.K. and Ireland, while Asia Pacific RevPAR excluding China rose 6.3%, with Japan and Korea among the strongest markets. → 2 Stocks Built to Thrive If Inflation Refuses to Fade China RevPAR declined 2.2% because of lower group travel amid continuing government restrictions. Middle East and Africa RevPAR fell about 30% year over year, though Jacobs said the result was better than Hilton’s prior expectations. For the full year, Hilton expects U.S. RevPAR growth in the mid-single digits, low- to mid-single-digit growth in the Americas outside the U.S., and mid-single-digit growth in Europe. The company expects RevPAR in the Middle East and Africa to decline by high-single-digit to low-double-digit percentages, while Asia Pacific growth is expected in the low single digits, including a low-single-digit decline in China. Hilton raised its full-year system-wide RevPAR growth outlook to 3% to 3.5%. It expects approximately 4% RevPAR growth in the third quarter, supported by World Cup and holiday-calendar benefits, before a lower growth rate in the fourth quarter because of calendar shifts and midterm elections. Nassetta said that after adjusting for World Cup effects, easier comparisons and regional disruptions, the company views its underlying U.S. RevPAR growth rate as roughly 2% to 2.5%. He pointed to tax and regulatory policy, private investment in artificial intelligence infrastructure and public infrastructure spending as factors that could support broader demand growth. Hilton reported adjusted EBITDA of $1.054 billion for the second quarter, up 4.6% from a year earlier and above the high end of its guidance range. Diluted earnings per share adjusted for special items totaled $2.29. Management and franchise fees increased 6.4% year over year. The company expects third-quarter adjusted EBITDA of $1.035 billion to $1.055 billion and adjusted diluted EPS of $2.28 to $2.34. For the full year, it forecast adjusted EBITDA of $4.04 billion to $4.08 billion and adjusted diluted EPS of $8.89 to $9.01. Jacobs said the full-year outlook reflects pressure from the Middle East conflict and renovations at three major hotels in Hilton’s ownership portfolio: Munich Park, Amsterdam and Tokyo. He said those properties are expected to reduce EBITDA by roughly $20 million to $25 million this year, while the Middle East impact is expected to exceed $20 million. Hilton opened more than 200 hotels with more than 24,000 rooms during the quarter, an increase of 50% from the first quarter. More than 20% of the openings were in luxury and lifestyle hotels, including the opening of Conrad Athens, the brand’s debut in Greece. The company signed approximately 43,000 rooms, its second-largest quarterly signing total, up 50% sequentially. More than 70% of signings came from international markets, while 35% were luxury and lifestyle projects. Hilton’s pipeline reached a record 541,000 rooms in more than 130 countries, with nearly half under construction. Net unit growth was 6.1% in the second quarter. Hilton expects 6% to 7% net unit growth for the full year, with stronger growth in the second half. Conversions represented 36% of quarterly openings, and Hilton expects conversions to comprise about 40% of full-year openings. The company launched Undergraduate by Hilton, an upper-midscale brand targeting college and university markets, with potential for more than 400 hotels over the long term. Nassetta said construction starts in the U.S. rose more than 40% year over year, which he said reflected developers’ ability to finance projects and their confidence in the industry outlook. Hilton also highlighted initiatives intended to improve hotel owner profitability. The company reduced loyalty fees for most hotels globally and introduced Hilton RISE, which provides program-fee discounts to hotels that consistently deliver what Hilton considers an excellent guest experience. Nassetta said the combination of loyalty-fee reductions and RISE could represent between 75 and 100 basis points of margin improvement for owners. About half of the U.S. system is currently receiving the full benefit of both programs, he said. The company is also reviewing hotel-level profit and loss statements for opportunities in workforce practices, purchasing, technology and brand-cost discipline. Hilton recently announced a direct connection with travel-management company Navan, which Nassetta said can bypass intermediary distribution channels and lower costs for owners. Hilton paid a quarterly cash dividend of $0.15 per share, totaling $34 million, during the second quarter. Its board authorized another $0.15-per-share dividend for the third quarter. The company continues to expect approximately $3.5 billion of shareholder returns in 2026 through dividends and share repurchases. Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program. Hilton's brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Hilton Worldwide Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Hilton Worldwide Holdings Inc. (HLT) came out with quarterly earnings of $2.29 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $2.2 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $1.96 per share when it actually produced earnings of $2.01, delivering a surprise of +2.55%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Hilton Worldwide, which belongs to the Zacks Hotels and Motels industry, posted revenues of $3.34 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.62%. This compares to year-ago revenues of $3.14 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Hilton Worldwide shares have added about 15.2% since the beginning of the year versus the S&P 500's gain of 8.3%. While Hilton Worldwide has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Hilton Worldwide was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.41 on $3.45 billion in revenues for the coming quarter and $9.03 on $13.04 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Hotels and Motels is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Civeo (CVEO), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30. This provider of remote-site workforce housing is expected to post quarterly loss of $0.30 per share in its upcoming report, which represents a year-over-year change of -20%. The consensus EPS estimate for the quarter has been revised 4.8% higher over the last 30 days to the current level. Civeo's revenues are expected to be $170.92 million, up 5.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report Civeo Corporation (CVEO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Hilton Worldwide Holdings Inc. (HLT) reported $3.34 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.5%. EPS of $2.29 for the same period compares to $2.20 a year ago. The reported revenue represents a surprise of -0.62% over the Zacks Consensus Estimate of $3.36 billion. With the consensus EPS estimate being $2.29, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Hilton Worldwide performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Property Summary - Total - Rooms - Total system: 1,384,842 compared to the 1,385,603 average estimate based on three analysts. RevPAR - System-wide: $125.02 versus $125.13 estimated by three analysts on average. RevPAR Growth - System-wide: 3.9% versus 3.2% estimated by three analysts on average. Property Summary - Managed - Rooms - Total system: 266,477 compared to the 266,636 average estimate based on three analysts. Property Summary - Franchised / Licensed - Rooms - Total system: 1,103,079 compared to the 1,104,035 average estimate based on three analysts. Property Summary - Ownership - Rooms - Total system: 15,286 versus the three-analyst average estimate of 14,932. Revenues- Ownership: $311 million versus the four-analyst average estimate of $334.62 million. The reported number represents a year-over-year change of -6.3%. Revenues- Franchise and licensing fees: $808 million versus the four-analyst average estimate of $815.06 million. The reported number represents a year-over-year change of +8.5%. Revenues- Incentive management fees: $69 million versus $72.27 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -8% change. Revenues- Other revenues: $72 million versus $82.23 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.5% change. Revenues- Base and other management fees: $99 million compared to the $105.24 million average estimate based on four analysts. The reported number represents a change of +2.1% year over year. Revenues- Cost reimbursement revenues: $1.98 billion compared to the $1.93 billion average estimate based on three analysts. The reported number represents a change of +9.4% year over year. View all Key Company Metrics for Hilton Worldwide here>>> Shares of Hilton Worldwide have returned -0.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research