HLT Hilton (HLT) Q1 FY26 earnings call
Hilton delivered a strong first quarter, driven by robust RevPAR growth and significant net unit expansion, surpassing top and bottom-line guidance. The company sees strengthening demand trends, particularly in the U.S., and is leveraging its asset-light model to generate substantial free cash flow. Despite geopolitical headwinds in the Middle East, Hilton remains confident in its growth trajectory and commitment to shareholder returns.
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HLT operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Dec 2025 Q4 FY25 | This call 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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