Hilton raises 2026 EPS outlook after Q1 beat and 3.6% RevPAR gain
Hilton reported Q1 adjusted EPS of $2.01, beating the $1.97 consensus, while global RevPAR rose 3.6% (3.4% in the US) despite a 1.7% decline in the Middle East and Africa. The company raised its 2026 EPS outlook to $8.79–$8.91 but trimmed its full-year net income forecast to $1.909–$1.937 billion.
1. Q1 financial performance
Hilton delivered adjusted Q1 EPS of $2.01 versus the $1.97 consensus, signaling stronger-than-expected lodging demand resilience amid geopolitical tensions tied to the Middle East.
2. Revised 2026 guidance
Management lifted its full-year adjusted EPS forecast to a range of $8.79–$8.91 from $8.65–$8.77, while lowering net income guidance to $1.909–$1.937 billion from $1.982–$2.011 billion.
3. RevPAR operating trends
Global revenue per available room grew 3.6%, led by a 3.4% increase in the US footprint, offset by a 1.7% RevPAR decline in the Middle East and Africa due to regional conflict.
4. Share performance and stakeholder backing
Hilton shares have climbed 16% year-to-date, outperforming industry peers, and notable investor Bill Ackman holds a significant position, underscoring confidence in the company’s outlook.