Hilton Q3 Results Reveal Slower U.S. Travel Demand

Hilton Worldwide reported third-quarter 2025 net income of $421 million, reflecting solid profitability despite weaker domestic travel demand. The company’s revenue per available room (RevPAR) in the U.S. declined 2.3%, signaling a slowdown in domestic travel trends.

System-wide comparable RevPAR, on a currency-neutral basis, is projected to remain flat or grow by up to 1% compared to 2024. Despite the softer U.S. performance, Hilton continued its global expansion, opening 199 hotels totaling 24,800 rooms in the third quarter and achieving 23,200 net room additions.

Key luxury and lifestyle openings included Conrad Hamburg—the brand’s debut in Germany—and KROMO Bangkok, Curio Collection by Hilton, the brand’s first property in Thailand. Other notable additions were Sunseeker Resort Florida Gulf Coast, Canopy by Hilton Makati in Metro Manila, and Signia by Hilton La Cantera Resort and Spa.

Hilton also unveiled its new lifestyle brand, Outset Collection by Hilton, which already has more than 60 hotels in development. The company’s global development pipeline grew by 33,000 rooms in the quarter, bringing the total to 3,648 hotels representing 515,400 rooms across 128 countries and territories as of September 30, 2025.

“Our third-quarter results highlight the strength of our business model and our continued ability to deliver strong bottom-line performance despite softer RevPAR,” said Christopher J. Nassetta, Hilton’s President and CEO. “We remain optimistic that lower interest rates, a more favorable regulatory environment, and renewed investment will drive stronger travel demand and RevPAR growth in the years ahead.”

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