Financial Data and Key Metrics Changes - For the full year 2025, system-wide RevPAR growth was up 40 basis points year over year, with record adjusted EBITDA of $3.7 billion, up 9% year over year [5][6] - In the fourth quarter, system-wide RevPAR increased 50 basis points year-over-year, with adjusted EBITDA at $946 million, up 10% year-over-year [6][15] - The company returned $3.3 billion to shareholders in 2025, the highest total capital return in its history [6] Business Line Data and Key Metrics Changes - Leisure transient RevPAR was up 2.3%, while business transient RevPAR was down 2.1% due to U.S. government shutdown impacts [6][15] - Group RevPAR increased by 2.6%, driven by strong international group growth [6][15] - The company opened nearly 200 hotels in the fourth quarter, totaling nearly 26,000 rooms, and added nearly 100,000 new rooms for the full year, representing a net unit growth of 6.7% [7][8] Market Data and Key Metrics Changes - In the Americas outside the U.S., fourth quarter RevPAR increased 3.8% year-over-year, while Europe saw a 5.3% increase, and the Middle East and Africa region experienced a 15.9% increase [16][17] - Asia-Pacific's fourth quarter RevPAR was up 9.2% excluding China, while RevPAR in China declined 1.4% [17] Company Strategy and Development Direction - The company is focused on expanding its brand portfolio, including the launch of the Apartment Collection by Hilton and the Outset Collection, to capture new market segments [10][12] - The development pipeline reached over 520,000 rooms, with expectations for sustained net unit growth of 6%-7% for 2026 and beyond [11][18] - The company aims to enhance its Hilton Honors program to drive loyalty and engagement, with nearly a quarter billion members [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, expecting stronger economic conditions and improved performance in EMEA and APAC regions [7][30] - The CEO highlighted macroeconomic factors such as decreasing inflation and increased investment in technology as positive indicators for future growth [21][25] - Management noted that early 2026 trends are positive, with strong group bookings and leisure demand [7][30] Other Important Information - The company has been recognized as the number one world's best workplace by Fortune and Great Place to Work for 2025 [13] - The company continues to focus on non-RevPAR-driven fees, which are expected to grow above the algorithm due to strong credit card and timeshare performance [73][74] Q&A Session Summary Question: Overview of the broader economy and lodging industry - Management remains optimistic about 2026, citing macroeconomic improvements and a potential trend towards middle-class real wage growth, which could increase disposable income and spending on travel [21][30] Question: AI and technology partnerships - The company is actively exploring AI applications across its operations, focusing on efficiency and customer experience improvements [34][41] Question: Growth of lifestyle and luxury brands - Management believes that as lifestyle and luxury brands gain scale, they will create a network effect that enhances market share and profitability [46][49] Question: Development environment and key money usage - The company maintains discipline in key money usage, with a focus on upper upscale and luxury segments, while expecting conversions to play a larger role in future growth [55][56] Question: RevPAR guidance and quarterly cadence - Management anticipates a balanced performance throughout the year, with potential upside from events like the World Cup [60][62] Question: EPS growth rate - Management explained that EPS growth is impacted by share count and interest expenses, with adjusted EPS growth expected in the low double digits [67][68]

Financial Data and Key Metrics Changes - For the full year 2025, system-wide RevPAR growth was up 40 basis points year-over-year, with record adjusted EBITDA of $3.7 billion, an increase of 9% year-over-year [4][5] - In Q4 2025, system-wide RevPAR increased by 50 basis points year-over-year, with adjusted EBITDA reaching $946 million, up 10% year-over-year [5][14] - The company returned $3.3 billion to shareholders in 2025, marking the highest total capital return in its history [5] Business Line Data and Key Metrics Changes - Leisure transient RevPAR was up 2.3% in Q4, while business transient RevPAR decreased by 2.1% due to U.S. government shutdown impacts [5][14] - Group RevPAR increased by 2.6% in Q4, driven by strong international group growth [5][14] - For the full year, net unit growth was 6.7%, with nearly 100,000 new rooms added to the global portfolio [7][10] Market Data and Key Metrics Changes - In the Americas outside the U.S., Q4 RevPAR increased by 3.8% year-over-year, while in Europe, it grew by 5.3% due to strong leisure activity [15] - The Middle East and Africa region saw a 15.9% increase in RevPAR, driven by leisure and group demand [15] - In Asia-Pacific, Q4 RevPAR was up 9.2% excluding China, while RevPAR in China declined by 1.4% [15][16] Company Strategy and Development Direction - The company is focused on expanding its brand portfolio, including the launch of the Apartment Collection by Hilton, targeting the apartment-style lodging segment [9] - The development pipeline reached over 520,000 rooms, with expectations for sustained net unit growth of 6%-7% for 2026 and beyond [10] - The company aims to enhance loyalty and guest satisfaction through initiatives like the Hilton Honors program, which now has nearly a quarter billion members [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, expecting stronger economic conditions and improved performance in EMEA and APAC [6][29] - The company anticipates RevPAR growth of 1%-2% for the full year 2026, with positive trends in group bookings and leisure demand [6][17] - Management highlighted macroeconomic factors such as decreasing inflation and increased investment in technology as supportive of future growth [21][25] Other Important Information - The company opened nearly 200 hotels in Q4, totaling nearly 26,000 rooms, and celebrated several milestones in brand expansion [6][7] - The company was named the number one world's best workplace by Fortune for 2025, marking a significant achievement in employee satisfaction [11] Q&A Session Summary Question: Overview of the broader economy and lodging industry - Management noted optimism for 2026, citing macroeconomic improvements and potential for middle-class wage growth, which could increase disposable income and spending [19][26] Question: AI and technology partnerships - Management discussed ongoing efforts in AI, emphasizing a modern tech stack that allows for greater flexibility and efficiency in operations and customer experience [32][34] Question: Growth of lifestyle and luxury brands - Management confirmed that as the network of lifestyle and luxury brands expands, market share and economic performance are expected to improve, creating a positive feedback loop [41][46] Question: Development environment and key money usage - Management indicated a disciplined approach to key money, with a focus on maintaining competitive advantages while navigating market dynamics [51][55] Question: RevPAR guidance and quarterly cadence - Management acknowledged the complexity of the upcoming year but expressed confidence in achieving the guidance range, supported by events like the World Cup [59][60]

来源：观点地产网 观点网讯：2月11日，美国希尔顿酒店公布2025年第四季度业绩，多项核心指标超出市场预期，但2026 年盈利指引逊于预期，原因系美国旅游需求放缓。 财报显示，希尔顿Q4营收同比增长11%至30.9亿美元，超过分析师预期的29.8亿美元；调整后每股收益 为2.08美元，亦超过预期的2.02美元。 展望2026年，希尔顿预计调整后每股收益将在8.65至8.77美元之间，低于分析师预期的9.13美元；预计 可比每间客房收入将增长1%至2%，低于预期的2.05%。 免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 期内每间可用客房的可比收入(RevPar)小幅上涨0.5%。 ...

格隆汇2月11日｜希尔顿酒店公布去年第四季度业绩，营收同比增长11%至30.9亿美元，超过分析师预 期的29.8亿美元；调整后每股收益为2.08美元亦超过预期的2.02美元。期内每间可用客房的可比收入 (RevPar)小幅上涨0.5%，主要是因为平均每日房价上涨0.9%，但部分被入住率的小幅下降0.3%所抵消。 展望2026年，该公司预计调整后每股收益将在8.65至8.77美元之间，低于分析师预期的9.13美元；预计 可比每间客房收入将增长1%至2%，反映美国旅游需求放缓，低于预期的2.05%。 ...

Corporate Earnings and Strategic Shifts - Ford is expecting a reduction in tariff costs of approximately $1.0 billion in 2026 while reporting Q4 charges of about $13.8 billion related to its evolving electric vehicle (EV) strategy and the anticipated disposition of its BOSK investment [2][9] - Humana reported an adjusted loss per share of -$3.96 for Q425, which was better than the estimated -$4.01, but its 2026 adjusted EPS guidance of at least $9 fell short of the analyst consensus of $11.87 [3][9] - Hilton Worldwide Holdings Inc. achieved a net income of $298 million in Q4, with diluted EPS at $1.27 and adjusted EPS of $2.08, exceeding analysts' expectations of $2.02, while revenue reached $3,087 million [4][9] Market Dynamics and M&A Activity - QXO is set to acquire Kodiak Building Partners for approximately $2.25 billion, which is expected to significantly expand QXO's addressable market to over $200 billion and be highly accretive to its 2026 earnings [5][9] Commodity Markets - Spot Silver experienced a notable intraday surge of 6.00%, trading at $85.57/oz, indicating ongoing volatility and investor interest in precious metals [6][9]

MCLEAN, VA (February 11, 2026) - Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSE: HLT) today reported its fourth quarter and full year 2025 results. Highlights include: • Diluted EPS was $1.27 for the fourth quarter and $6.12 for the full year • Diluted EPS, adjusted for special items, was $2.08 for the fourth quarter and $8.11 for the full year • Net income was $298 million for the fourth quarter and $1,461 million for the full year • Adjusted EBITDA was $946 million for ...

MCLEAN, Va.--(BUSINESS WIRE)--Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSE: HLT) today reported its fourth quarter and full year 2025 results. Highlights include: Diluted EPS was $1.27 for the fourth quarter and $6.12 for the full year Diluted EPS, adjusted for special items, was $2.08 for the fourth quarter and $8.11 for the full year Net income was $298 million for the fourth quarter and $1,461 million for the full year Adjusted EBITDA was $946 million f. ...

Core Insights - Hilton Worldwide Holdings Inc. (HLT) is a leading hospitality company with a market cap of $73 billion, operating a diverse portfolio of hotel and resort brands across various segments [1] - HLT stock has outperformed the broader market, gaining 21% over the past year compared to the S&P 500 Index's 14.4% returns [2] - The company's asset-light, fee-based structure contributes to stable, high-margin revenue, enhancing investor confidence and driving demand [5] Financial Performance - For FY2025, analysts project an adjusted EPS of $8.03 for HLT, reflecting a 12.8% year-over-year increase [6] - HLT has consistently surpassed earnings estimates in the past four quarters, indicating strong financial performance [6] Analyst Ratings - The consensus rating among 24 analysts covering HLT is a "Moderate Buy," with ten "Strong Buys," three "Moderate Buys," and eleven "Holds" [6] - Recent upgrades include JPMorgan Chase raising its price target on HLT to $318 from $288, maintaining an "Overweight" rating [7]

Core Viewpoint - The U.S. stock market showed mixed results with the Dow Jones increasing by 0.1%, while the Nasdaq and S&P 500 indices decreased by 0.59% and 0.33% respectively [1] Group 1: Stock Performance - Major technology stocks experienced varied performance, with Oracle rising over 2% and Tesla increasing more than 1%, while Google and Broadcom fell over 1% [1] - The residential construction, railway transportation, and tourism sectors saw significant gains, with Marriott Hotels rising over 8%, Hilton Hotels increasing over 3%, and Union Pacific up over 2% [1] - Storage and cryptocurrency-related stocks faced notable declines, with Western Digital dropping over 8%, SanDisk down over 7%, and Seagate Technology falling over 6% [1] Group 2: Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.87%, with popular Chinese stocks such as Li Auto increasing by 2.9%, and BYD and Alibaba both rising over 2% [1] - Other Chinese companies like NIO, Xpeng, New Oriental, and JD.com saw increases of over 1%, while Tencent fell by 1.4% and Meituan dropped by 2.8% [1]

2月7日，自贡首个国际品牌酒店——自贡华商希尔顿逸林酒店正式启幕。酒店投入运营标志着自贡在高端住宿业 领域迈出重要一步，也为自贡高新区推动现代服务业国际化、提升城市消费能级和优化营商环境注入新动能。 消费是拉动经济增长的"三驾马车"之一，高端酒店是城市消费能级的"风向标"和营商环境的"金名片"。近年来， 自贡高新区始终将现代服务业作为推动高质量发展的重要引擎，紧扣全市"文旅兴市"战略部署，立足"建设服务全 域旅游发展的现代消费集聚区"定位，以文旅深度融合为抓手，聚力发展总部经济、首店经济，精心培育壮大文旅 品牌，创新打造特色消费场景，服务业发展质效持续提升。2025年，全区服务业增加值、社消零总额增速稳居全 市前列，助力GDP增速继续领跑全市，为经济社会发展注入强劲动力。 据了解，自贡华商希尔顿逸林酒店坐落于南湖生态城核心区域，是总投资约9．8亿元、总建筑面积约10万平方米 的市级重点项目——华商国际城希尔顿大厦项目核心组成部分。该酒店设有220间客房，并配备城市级会议中心、 室内恒温游泳池等设施。其设计以"盐商府邸"为理念，融合川派园林、盐井工艺、彩灯文化等本土元素，致力于 打造兼具地方特色与国际标准的服务 ...