Adjusted EBITDA Exceeds Expectations
Adjusted EBITDA for the quarter exceeded $1 billion, meaningfully beating expectations despite a modestly negative system-wide RevPAR.
Strong Shareholder Returns
Year-to-date, Hilton returned $1.7 billion to shareholders through buybacks and dividends, and is on track to return approximately $3.3 billion for the full year.
Development Milestone Achieved
Hilton opened 221 hotels totaling more than 26,000 rooms, representing a 52% year-over-year increase excluding acquisitions and partnerships, achieving net unit growth of 7.5%.
Luxury and Lifestyle Expansion
Hilton celebrated the opening of its 1,000th property in the luxury and lifestyle categories and announced plans to open 3 new luxury and lifestyle hotels per week in 2025.
Strong Conversion Growth
Conversions accounted for over 1/3 of openings in the quarter, with conversion spans across 10 brands. Hilton plans to continue this growth with the upcoming launches of new conversion brands.
Successful Brand Performance
Hilton Honors membership reached more than 226 million, up 16% year-over-year, with membership now evenly split between U.S. and international travelers.