Hilton Worldwide (HLT) official guidance

•Capital return is projected to be approximately $3.5 billion.

For 2026, we expect to return approximately $3.5 billion to shareholders in the form of buybacks and dividends.

Capital return is projected to be approximately $3.5 billion.

For 2026, we expect to return approximately $3.5 billion to shareholders in the form of buybacks and dividends.

•Capital return is projected to be approximately $3.5 billion.

For 2026, we expect to return approximately $3.5 billion to shareholders in the form of buybacks and dividends.

Capital return is projected to be approximately $3.5 billion.

Globally, we now expect new development construction starts to be up over 20% for the year, with the strongest growth in the U.S. and EMEA, signaling continued developer confidence and a strong desire to have hotels open in conjunction with a rebounding RevPAR environment.

Globally, for 2026, we expect new development construction starts to be up over 20%, bringing us back close to 2019 levels, signaling healthy developer appetite.

•Adjusted EBITDA is projected to be between $4,060 million and $4,080 million, which incorporates lower expectations for performance in the Middle East and timeshare license fees compared to our prior guidance.

As a result, we expect Adjusted EBITDA of between $4.04 billion and $4.08 billion and diluted EPS adjusted for special items of between $8.89 and $9.01.

Adjusted EBITDA is projected to be between $4,040 million and $4,080 million.

As a result, we expect adjusted EBITDA of between $4.02 billion and $4.06 billion, and diluted EPS adjusted for special items of between $8.79 and $8.91.

•Adjusted EBITDA is projected to be between $4,020 million and $4,060 million.

For the full year, we expect RevPAR growth of 1%-2%, Adjusted EBITDA of between $4 billion and $4.04 billion, and a Diluted EPS adjusted for special items of between $8.65 and $8.77.

Adjusted EBITDA is projected to be between $4,000 million and $4,040 million.

•Adjusted EBITDA is projected to be between $1,047 million and $1,067 million.

•Diluted EPS, adjusted for special items, is projected to be between $9.07 and $9.13.

As a result, we expect Adjusted EBITDA of between $4.04 billion and $4.08 billion and diluted EPS adjusted for special items of between $8.89 and $9.01.

Diluted EPS, adjusted for special items, is projected to be between $8.89 and $9.01.

As a result, we expect adjusted EBITDA of between $4.02 billion and $4.06 billion, and diluted EPS adjusted for special items of between $8.79 and $8.91.

•Diluted EPS, adjusted for special items, is projected to be between $8.79 and $8.91.

For the full year, we expect RevPAR growth of 1%-2%, Adjusted EBITDA of between $4 billion and $4.04 billion, and a Diluted EPS adjusted for special items of between $8.65 and $8.77.

Diluted EPS, adjusted for special items, is projected to be between $8.65 and $8.77.

•Diluted EPS, adjusted for special items, is projected to be between $2.32 and $2.38.

•Net unit growth is projected to be between 6.0 percent and 7.0 percent, with expectations around the midpoint of the range, reflecting expected sequential growth in net additional rooms in the fourth quarter.

We expect to deliver between 6%-7% growth for the full year, with the second half of the year stronger than the first half of the year.

Net unit growth is projected to be between 6.0 percent and 7.0 percent, with the second half of 2026 expected to outperform the first half of the year.

As we look ahead, we expect that our robust global pipeline, strength in conversions, construction start momentum, and industry-leading brand premiums will support sustained net unit growth of between 6% to 7% for the full year, even with the current geopolitical uncertainty.

•Net unit growth is projected to be between 6.0 percent and 7.0 percent.

As we look ahead, we expect that our robust global pipeline, strength in conversions, construction start momentum, and industry-leading brand premiums will support sustained net unit growth of between 6%-7% for 2026 and beyond.

Net unit growth is projected to be between 6.0 percent and 7.0 percent.

For full year 2026, we expect RevPAR growth to be in the low to mid-single digits.

For full year 2026, we expect RevPAR growth to be in the low to mid-single digits.

For full year 2026, we expect RevPAR growth to be in the low single digits.

For full year 2026, we expect RevPAR growth in Asia Pacific to be in the low single digits, with RevPAR down low single digits in China.

For full year 2026, we expect RevPAR growth in Asia Pacific to be low single digits, with RevPAR flat in China.

For full year 2026, we expect RevPAR growth in Asia-Pacific to be in the low single digits, with RevPAR roughly flat in China.

For full year 2026, we expect RevPAR growth in Asia Pacific to be in the low single digits, with RevPAR down low single digits in China.

For full year 2026, we expect RevPAR growth in Asia Pacific to be low single digits, with RevPAR flat in China.

For full year 2026, we expect RevPAR growth in Asia-Pacific to be in the low single digits, with RevPAR roughly flat in China.

For full year 2026, we expect RevPAR growth for the region to be in the mid-single digits.

For full year 2026, we expect RevPAR growth to be in the low to mid-single digits.

For full year 2026, we expect low single-digit RevPAR growth in the region.

For full year 2026, we now expect RevPAR in the Middle East and Africa to be down in the high single to low double digits, supported by a strong start to the year before the conflict and modest assumptions for a continuing recovery.

For full year 2026, we expect RevPAR to be down in the mid to high teens as a result of the ongoing conflict in the region, and we expect the biggest impact to be on second quarter performance.

For full year 2026, we expect RevPAR growth in the mid-single-digit range.

For full year 2026, we expect U.S. RevPAR growth to be in the mid-single digits.

For full year 2026, we expect U.S. RevPAR growth to be at the high end or above system-wide guidance.

For full year 2026, we expect U.S. RevPAR growth towards the low end of our 2026 system-wide guidance.

For the full year, we expect RevPAR growth of 3%-3.5%, driven by continued broadening of demand growth across our system and strength in the U.S.

As a result, for the full year, our system-wide RevPAR growth expectations are now 2%-3%, factoring in a range of scenarios for the Middle East conflict and recovery.

Contract acquisition costs and capital expenditures, excluding amounts reimbursed by third parties, are projected to be approximately $300 million.

•Contract acquisition costs and capital expenditures, excluding amounts reimbursed by third parties, are projected to be approximately $300 million.

Contract acquisition costs and capital expenditures, excluding amounts reimbursed by third parties, are projected to be approximately $300 million.

Diluted EPS is projected to be between $8.22 and $8.35.

•Diluted EPS is projected to be between $8.28 and $8.40.

Diluted EPS is projected to be between $8.49 and $8.61.