Strong Financial Performance
Adjusted EBITDA was $976 million in the third quarter, up 8% year over year, and exceeded the high end of expectations despite softer industry RevPAR performance.
Significant Shareholder Returns
Hilton remains on track to return $3.3 billion to shareholders in the form of buybacks and dividends for the full year.
Robust Development Pipeline
Hilton opened 199 hotels totaling over 24,000 rooms in the third quarter, achieving net unit growth of 6.5%. The company has a pipeline of more than 515,000 rooms, with nearly half under construction.
Successful Brand Expansion
Hilton launched its 25th brand, Outset Collection by Hilton, and marked brand debuts in 12 new countries and territories. The company aims to exceed 250 luxury and lifestyle hotels in Asia Pacific.
Innovative Technology Integration
Hilton's proprietary tech platform is 90% cloud-based, positioning the company to embrace AI and drive guest experience differentiation.
Global Growth Opportunities
Hilton marked its 9,000th hotel milestone and continues to see immense global conversion opportunities, with plans to open nearly 40% of new hotels as conversions in 2025.