Global hospitality group Hilton has reported increase in profit and revenue in the third quarter (Q3) of 2025, despite a decline in system-wide revenue per available room (RevPAR).
The company’s Q3 net income attributable to Hilton stockholders was $420m, equating to $1.78 per diluted share (EPS), compared to $344m, or $1.38 per share during the same period last year.
Revenue increased by 8.8% to reach $3.12bn for the quarter and adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $976m for the period.
System-wide comparable RevPAR in the quarter decreased by 1.1% on a currency neutral basis when compared with the same quarter in 2024. This drop has been attributed to “modest occupancy and average daily rate (ADR) declines”.
During the nine months ended 30 September 2025, system-wide comparable RevPAR was up 0.3%, with net income and adjusted EBITDA at $1.16bn and $2.78bn and diluted EPS of $4.84.
In the third quarter, Hilton approved 33,000 rooms for development, bringing its global pipeline to 515,400 rooms as of 30 September 2025, which represents a 5% increase from the previous year.
The company added 24,800 rooms to its system, resulting in a net addition of 23,200 rooms and contributing to a 6.5% rise in net unit growth from the same point last year.
Hilton projects its full year 2025 system-wide RevPAR will be flat or increase by up to 1% on a comparable and currency neutral basis to 2024.
Full year net income is forecasted to fall between $1.604bn and $1.625bn, with adjusted EBITDA expected in the range of $3.685bn to $3.715bn.
Projected capital return for the full year stands at approximately $3.3bn.
Hilton president and chief executive officer Christopher Nassetta said: “Our third quarter results continued to demonstrate the resilience of our business model, delivering strong bottom line performance despite softer industry RevPAR.
“The quality of our development pipeline, acceleration in new development construction starts, attractiveness of our brands for conversions and continued growth of our brand presence globally gives us confidence in delivering net unit growth between 6.5% and 7.0% in 2025 and 6.0% to 7.0% over the next several years.”
This month, Hilton marked the opening of its 9,000th property with the launch of Signia by Hilton La Cantera Resort and Spa.
This milestone reflects an average of nearly three hotel openings per day since August 2024, when the company reached its previous benchmark of 8,000 hotels.
The company also introduced a new lifestyle brand named Outset Collection by Hilton earlier this month. It is part of its strategy to grow its portfolio and increase its market share in hotel conversions in the US.
