HLT Hilton (HLT) Q1 FY25 earnings call
Hilton delivered resilient Q1 FY25 results, with adjusted EBITDA and EPS exceeding expectations despite system-wide RevPAR landing at the low end of guidance due to increasing macroeconomic uncertainty. The company demonstrated strong development momentum, expanding its pipeline and achieving robust net unit growth, while navigating a choppier demand environment. Management expressed confidence in its asset-light model and long-term value creation, anticipating a potential stabilization of macro conditions in the second half of the year.
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HLT operating KPIs by quarter
| KPI | This call Mar 2025 Q1 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Development pipeline rooms | 503K+In addition to strong openings, we continued to grow our development pipeline, which ended the quarter with more than 503,000 rooms, representing an increase of 7% year-over-year and continued sequential quarterly growth.Source: earnings call transcript | 520K+Even with robust openings in the fourth quarter, our pipeline reached the highest level in our history, surpassing 520,000 rooms, reflecting both year-over-year and sequential growth, driven by expansion across strategic markets and brand categories.Source: earnings call transcript | 527KOur pipeline now stands at a record 527,000 rooms and includes brand [indiscernible] in more than 25 new countries with Hilton representing only 5.5% of global hotel supply and over 20% of rooms under construction, we have tremendous opportunity to grow our market share from here.Source: earnings call transcript | 541KOur pipeline now stands at a record 541,000 rooms spanning more than 130 countries.Source: earnings call transcript | +2.7% |
| New stores opened | — | <200During the fourth quarter, we opened nearly 200 hotels totaling nearly 26,000 rooms.Source: earnings call transcript | 131During the first quarter, we opened 131 hotels totaling over 16,000 rooms representing our second strongest, first quarter for hotel openings in our history.Source: earnings call transcript | — | — |
| Rooms Openings | 20K+During the quarter, we opened 186 hotels totaling more than 20,000 rooms, representing a 20% year-over-year increase, and achieved net unit growth of 7.2%.Source: earnings call transcript | <26KDuring the fourth quarter, we opened nearly 200 hotels totaling nearly 26,000 rooms.Source: earnings call transcript | 16K+During the first quarter, we opened 131 hotels totaling over 16,000 rooms representing our second strongest, first quarter for hotel openings in our history.Source: earnings call transcript | 24K+We had a strong quarter, opening more than 200 hotels totaling over 24,000 rooms, up 50% from the first quarter more than 20% of total openings were Luxury and Lifestyle hotels, including the opening of Conrad Athens, which marked the debut of our Conrad brand in Greece.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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