Financial OutlookHilton expects to generate 9-11% CAGR in total fees, 8.5-10.5% in adjusted EBITDA and 14-16% in EPS, leading to 2026 adjusted EBITDA of approximately $4bn and EPS of $9.10-9.80.
Market ExpansionHilton's growth is underpinned by a diversified and asset-light model, with about 5% of global supply but around 20% of rooms currently under construction.
Shareholder ReturnsHilton's significant room mix in the Asia Pacific region positions it to benefit from increased travel, poised for high single-digit EBITDA growth and substantial free cash flow, enabling considerable returns to shareholders through dividends and buybacks.