Adjusted EBITDA Exceeds $1 Billion
Hilton's adjusted EBITDA for the quarter exceeded $1 billion, meaningfully beating expectations despite modestly negative system-wide RevPAR.
Record Shareholder Returns
Hilton returned $1.7 billion to shareholders year-to-date through buybacks and dividends, with plans to return approximately $3.3 billion for the full year.
Significant Net Unit Growth
Net unit growth reached 7.5% with the opening of 221 hotels totaling more than 26,000 rooms, representing a 52% year-over-year increase.
Expansion of Luxury and Lifestyle Portfolios
Hilton opened its 1,000th property in the luxury and lifestyle categories, with plans to welcome 3 new luxury and lifestyle hotels per week in 2025.
Strong Conversion Performance
Conversions accounted for over 1/3 of the openings during the quarter, with 33% of deals being conversions, up 50% from the previous period.