Hilton, Hyatt, and Marriott Financial Results: What It Means for 2026

Hyatt, Hilton and Marriott have all published their financial results, demonstrating the power of the hotel giants to bear the economic headwinds that, at the beginning of 2025, seemed ready to topple their successes of recent years. 

Yet what these reports show is crucial for their success in 2026: a growing luxury and all-inclusive resort demand in the leisure segment, strong fee revenue and a record development pipeline that captivates travelers with new acquisitions and openings to try. 

Marriott: Hesitant Optimism for 2026

We covered Marriott’s financials earlier this week, noting that the hotel giant was the only one to admit that weak travel spending by low- and middle-income households in the U.S. is lowering its RevPAR forecast for 2026. 

While estimates expected a 2.3 percent increase in RevPAR in 2026, Marriott’s predictions are a more moderate one: 1.5 percent to 2.5 percent, giving a little more wiggle room. RevPAR had been flat in the U.S. and Canada this past year. 

“Marriott delivered excellent results in 2025, reflecting the strength of our brands, delivery of great experiences to our customers and continued momentum in development activity,” said President and CEO of Marriott, Anthony Capuano. “For the full year, net rooms grew over 4.3 percent, worldwide RevPAR increased 2 percent, and our fee‑driven, asset‑light business model continued to generate substantial cash, enabling over $4.0 billion of capital returns to shareholders.”

The hotel giant had about 610,000 rooms in its global pipeline by the end of 2025, up 6 percent from the same time last year. At the end of the fourth quarter, Marriott had added 163,000 rooms to that development pipeline. 

Hyatt: Strong Growth, Future Optimism 

Hyatt Hotels Corporation published its fourth quarter and year-end 2025 financial results, showing a strong fee revenue, development and system-wide RevPAR growth. 

"We ended 2025 with great momentum, marked by strong execution against our strategic priorities and continued progress toward becoming a more brand-focused organization,” said Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt. “We achieved exceptional commercial and operating performance in 2025 and expanded our portfolio and network effect through disciplined transactions and strong organic growth."

The hotel giant closed out the year with a comparable system-wide RevPAR (or revenue per available room, a key hotel metric) increase of 4 percent. All-inclusive resorts Net Package RevPAR was 8.3 percent, indicating the strong popularity and demand for Hyatt’s Inclusive Collection. 

The company’s adjusted net income was $126 million, and gross fee revenue was up 4.5 percent, netting $307 million. EBITDA was $292 million, a 14.6 percent increase. Adjusting for assets sold in 2024 and the Playa Hotels acquisition, EBITDA was 3.8 percent higher during this fourth quarter.

Shareholders took home a diluted earnings per share (EPS) of $0.21 in the fourth quarter, or an adjusted diluted EPS of $1.33.  

Leisure continues to be Hyatt’s most stable market, with the highest RevPAR growth coming from luxury and upper upscale hotels during the last quarter of the year. 

Hyatt purchased three Alua resorts for $140 million and completed the Playa Hotels acquisition, selling the properties but entering into 50-year management agreements for the majority of the resorts, which aligns with Hyatt’s asset-light business model. 

The fourth quarter also saw Hyatt adding over 8,000 rooms to its portfolio with the addition of several new hotels, like the Park Hyatt Cabo del Sol, Andaz One Bangkok and Hyatt Studios Huntsville. 

Hyatt’s full-year results remain strong, with good growth across development, revenue and fee revenue. 

System-wide hotel RevPAR growth was 2.9 percent for the full year, with all-inclusives gaining the most growth, at 8.6 percent over 2024. 

Hyatt increased rooms by 7.3 percent (6.7 percent excluding its acquisitions), with its current pipeline at around 148,000 rooms. Signings within the U.S. increased 30 percent from 2024, while its development in the Asia Pacific region, specifically in China and India, grew 7 percent. 

Adjusted net income was $209 for the full year, with gross fee revenue at $1.198 billion, a nine percent increase. Full-year adjusted EBITDA was at $1.159 billion, a 5.8 percent increase. 

Shareholders took home a diluted EPS of $0.55 for the full year. Adjusted diluted EPS was $2.19. 

As we are now into the middle of the first quarter of 2026, Hyatt is offering some financial predictions for the year ahead. 

System-wide hotels RevPAR growth is expected to grow a moderate 1-3 percent this year, with a net rooms growth between 6-7 percent. 

Gross fee revenue is expected to increase 8-11 percent for a range of $1.29 billion to $1.33 billion. Adjusted EBITDA is predicted to rise 13-18 percent, for a range of $1.15 billion to $1.20 billion. Capital returns to shareholders are ranging between $325 and $375 million. 

Hilton: High Revenue, Minor Growth

Hilton Worldwide Holdings, Inc. is celebrating a successful end of 2025 and is looking towards strong net income prediction for 2026. 

Net income in the fourth quarter was $298 million, with adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) at $946 million for the fourth quarter. System-wide comparable RevPAR, or revenue per available room, increased 0.5 percent, a minor amount. 

During the fourth quarter, the development pipeline increased by 37,400 new rooms, with 26,000 rooms being added to its portfolio. 

Capital return was $792 million in the fourth quarter. Shareholders took home a diluted earnings per share (EPS) of $1.27.

Its franchise fee, licensing fee and base and other management fee revenue netted Hilton $769 million during the fourth quarter. 

While the hotel giant saw moderate growth in the fourth quarter, its full-year financials are where the company saw huge success: net income was $1.46 billion, with an adjusted EBITDA of $3.72 billion.  Fee revenue was also at $3.15 billion. 

Shareholders took home a diluted EPS of $6.12, and system-wide RevPAR grew 0.4 percent.

Hilton increased its rooms by 97,000, a net unit growth of 6.7 percent, along with a record development pipeline of 520,500 rooms around the world.  

Heading into 2026, the hotel giant is expecting greater returns: full-year RevPAR is expected to increase 1-2 percent, with net income ranging between $1.98 billion and $2.0 billion. Full-year adjusted EBITDA is projected to be around $4 billion. Net unit growth will be between 6-7 percent. 

"We delivered another quarter of strong bottom-line results, demonstrating the continued strength of our business model,” said Christopher J. Nassetta, President & Chief Executive Officer of Hilton. “As we look ahead to 2026, we are increasingly optimistic about the tailwinds building, including improving demand patterns, driven by broader macroeconomic growth and major global and domestic events, which, when paired with limited supply growth, should result in stronger RevPAR performance. 

“The quality of our development pipeline, the introduction of our exciting new brands and partnerships, as well as the continued growth in the presence of our existing brands globally, give us confidence in delivering net unit growth between 6.0 percent and 7.0 percent in 2026 and beyond."

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