Hilton has reported a net income of $298m for the fourth quarter (Q4) ending 31 December 2025, a decrease from $505m in the same period of 2024.
For the entire year, net income was recorded at $1.46bn, compared to $1.53bn in 2024.
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Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q4 rose to $946m from $858m in the same quarter of the previous year. For the full year, it stood at $3.72bn, improving from $3.42bn in the previous year.
During the quarter, system-wide comparable revenue per available room (RevPAR) experienced an increase of 0.5% compared to the same period in 2024, driven by an increase in average daily rate (ADR), despite a minor decline in occupancy rates. Meanwhile, management and franchise fee revenues saw a 7.4% rise over the same timeframe.
Diluted EPS stood at $1.27 for the quarter, with the figure adjusted for special items at $2.08.
The company approved the development of 37,400 new rooms in Q4, which increased its development pipeline to a record 520,500 rooms by the end of 2025, marking a 4% growth from the previous year-end.
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By GlobalDataAdditionally, 26,000 rooms were added in the quarter, culminating in 97,000 room openings over the year and contributing to a 6.7% net unit growth from 31 December 2024.
Hilton president and CEO Christopher Nassetta said: “As we look ahead to 2026, we are increasingly optimistic about the tailwinds building, including improving demand patterns, driven by broader macroeconomic growth and major global and domestic events, which, when paired with limited supply growth, should result in stronger RevPAR performance.
“The quality of our development pipeline, the introduction of our exciting new brands and partnerships, as well as the continued growth in the presence of our existing brands globally, give us confidence in delivering net unit growth between 6% and 7% in 2026 and beyond.”
Looking forward to 2026, Hilton projects a system-wide RevPAR increase of between 1% and 2% on a comparable and currency-neutral basis.
The company forecasts net income to range from $1.98bn to $2.01bn.
Additionally, Hilton plans a capital return of approximately $3.5bn for the year, with expected net unit growth ranging from 6% to 7%.
In January 2026, Hilton opened Al Husn Hotel Muscat, Hilton Muscat Al Bandar, and DoubleTree by Hilton Muscat Al Waha at Barr Al Jissah on Oman’s coastline.
