For the three months ended March 31, systemwide comparable revenue per available room at Hilton increased 3.6 percent compared to the same period in 2025 due to increases in both occupancy and average daily rate. Management and franchise fee revenues increased 10.4 percent compared to the same period in 2025.
Net income and Adjusted earnings before interest, taxes, depreciation and amortization were $383 million and $901 million, respectively, for the three months ended March 31 compared to $300 million and $795 million, respectively, for the three months ended March 31, 2025.
Development
In the first quarter of 2026, Hilton opened 131 hotels with a total 16,300 rooms, resulting in 10,900 net room additions. Notable openings included The Monarch San Antonio, Curio Collection by Hilton, and the Motto by Hilton Recife Antigo, marking the debut of the lifestyle brand in Brazil. In April, Hilton opened the Waldorf Astoria Rabat Sale, the first Waldorf Astoria in Morocco. During the quarter, Hilton signed the Motto by Hilton Sydney City Centre, representing the brands' debut in Australia, and two LXR Hotels and Resorts in Japan, the Meguro Gajoen Tokyo and Hakone, Gora, bringing the total LXR Hotels and Resorts pipeline to over 20 hotels.
Hilton added 26,200 rooms to the development pipeline during the first quarter, and, as of March 31, its development pipeline totaled 3,768 hotels representing 527,000 rooms throughout 129 countries and territories, including 26 countries and territories where Hilton had no existing hotels. Additionally, of the rooms in the development pipeline, almost half were under construction and more than half were located outside of the U.S.
Outlook
For the full-year 2026:
- Systemwide comparable RevPAR, on a currency neutral basis, is projected to increase between 2 percent and 3 percent compared to 2025, an increase from the Q4 2025 report.
- Net income is projected to be between $1.909 billion and $1.937 billion.
- Adjusted EBITDA is projected to be between $4.02 billion and $4.06 billion.
- Contract acquisition costs and capital expenditures, excluding amounts reimbursed by third parties, are projected to be approximately $300 million.
- Capital return is projected to be approximately $3.5 billion.
- General and administrative expenses are projected to be approximately $400 million.
- Net unit growth is projected to be between 6 percent and 7 percent.
For the second quarter:
- Systemwide comparable RevPAR, on a currency-neutral basis, is projected to increase between 2 percent and 3 percent compared to the second quarter of 2025.
- Net income is projected to be between $491 million and $505 million.
- Adjusted EBITDA is projected to be between $1.015 billion and $1.035 billion.
- Projected second-quarter year-over-year growth rates for profitability measures are impacted by one-time fees and favorable timing items specific to the second quarter of 2025, as well as the outsized impact of anticipated lower Middle East RevPAR.