Hilton Reports $5.83 Billion Revenue for Six Months Ended June 30, 2025

Hilton Worldwide Holdings Inc. reported a total revenue of $5.83 billion for the six months ended June 30, 2025, reflecting a 5.6% increase from $5.52 billion in the same period of 2024. The company's net income attributable to Hilton stockholders rose to $740 million, up from $686 million year-over-year, resulting in diluted earnings per share of $3.07, compared to $2.71 in the prior year. The increase in revenue was primarily driven by higher franchise and licensing fees, which increased by 8.7% to $1.37 billion, and a 6.5% rise in incentive management fees.

In terms of operational performance, Hilton's total assets decreased to $15.90 billion as of June 30, 2025, down from $16.52 billion at the end of 2024. The company reported a decline in cash and cash equivalents, which fell to $371 million from $1.30 billion. Current liabilities also saw a slight decrease, totaling $4.59 billion compared to $4.70 billion at the end of 2024. The company’s long-term debt increased to $10.91 billion from $10.62 billion, reflecting ongoing investments and strategic initiatives.

Strategically, Hilton completed the acquisition of the Graduate brand for $210 million in May 2024 and gained a controlling interest in the Sydell Group, which owns the NoMad brand. These acquisitions are expected to enhance Hilton's brand portfolio and expand its market presence. As of June 30, 2025, Hilton operated 8,807 properties with 1,304,879 rooms across 139 countries, and its Hilton Honors loyalty program grew to 226 million members, a 16% increase from the previous year.

Operationally, Hilton reported a system-wide occupancy rate of 74.4% for the second quarter of 2025, a slight decrease of 0.5 percentage points compared to the same period in 2024. Average Daily Rate (ADR) increased marginally to $163.78, while Revenue per Available Room (RevPAR) decreased by 0.5% to $121.79. The company noted that the decline in RevPAR was primarily due to decreased occupancy in the U.S., attributed to macroeconomic uncertainties and unfavorable holiday shifts affecting group and business travel.

Looking ahead, Hilton remains focused on expanding its global hotel network and enhancing its fee-based business model. The company anticipates that ongoing economic challenges, including inflation and interest rates, may impact its growth strategy, potentially leading to delays in new hotel openings. However, Hilton's management expressed confidence in its ability to navigate these challenges and continue delivering value to shareholders through strategic investments and operational efficiencies.