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Form 8-K

sec.gov

8-K — Hilton Worldwide Holdings Inc.

Accession: 0001585689-26-000049

Filed: 2026-10-27

Period: 2026-10-27

CIK: 0001585689

SIC: 7011 (HOTELS & MOTELS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — hlt-20261027.htm (Primary)

EX-99.1 — PRESS RELEASE (q32026earningsrelease.htm)

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8-K

8-K (Primary)

Filename: hlt-20261027.htm · Sequence: 1

hlt-20261027

False000158568900015856892026-10-272026-10-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 27, 2026

Hilton Worldwide Holdings Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware 001-36243 27-4384691

(State or Other Jurisdiction

of Incorporation) (Commission

File Number) (IRS Employer

Identification No.)

7930 Jones Branch Drive, Suite 1100, McLean, Virginia 22102

(Address of Principal Executive Offices) (Zip Code)

(703) 883-1000

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered

Common Stock, $0.01 par value per share HLT New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.    Results of Operations and Financial Condition.

On October 27, 2026, Hilton Worldwide Holdings Inc. (the "Company") issued a press release announcing the results of the Company’s operations for the quarter ended September 30, 2026. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01     Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description

99.1

Press release of Hilton Worldwide Holdings Inc., dated October 27, 2026, announcing results for the quarter ended September 30, 2026.

101 Interactive Data File - XBRL tags are embedded within the Inline XBRL document.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HILTON WORLDWIDE HOLDINGS INC.

By: /s/ Kevin J. Jacobs

Name: Kevin J. Jacobs

Title:

Executive Vice President and Chief Financial Officer

Date: October 27, 2026

EX-99.1 — PRESS RELEASE

EX-99.1

Filename: q32026earningsrelease.htm · Sequence: 2

Document

Investor Contact 7930 Jones Branch Drive

Charlie Ruehr

McLean, VA 22102

+1 703 883 1000 ir.hilton.com

Media Contact

Kent Landers

+1 703 883 3246

Hilton Reports Third Quarter Results

MCLEAN, VA (October 27, 2026) - Hilton Worldwide Holdings Inc. ("Hilton," "the Company," "we," "us" or "our") (NYSE: HLT) today reported its third quarter 2026 results. Highlights include:

•Diluted EPS was $2.37 for the third quarter, and diluted EPS, adjusted for special items, was $2.45

•Net income was $536 million for the third quarter

•Adjusted EBITDA was $1,058 million for the third quarter

•System-wide comparable RevPAR increased 5.8 percent, on a currency neutral basis, for the third quarter compared to the same period in 2025

•Approved 30,500 new rooms for development during the third quarter, bringing our development pipeline to 543,100 rooms as of September 30, 2026, representing growth of 5 percent from September 30, 2025

•Added 27,000 rooms to our system, resulting in 23,000 net additional rooms for the third quarter, up 6.5 percent sequentially from the second quarter, contributing to net unit growth of 6.0 percent from September 30, 2025

•Announced the appointment of Jeff Moore as Executive Vice President and Chief Technology Officer. Jeff will harness his deep experience developing consumer-facing technologies and Hilton’s already-industry-leading technology platform to strengthen the Company's commitment to lead the industry in technology innovation

•On October 20, announced that Hilton will transfer its stock listing to Nasdaq under its existing ticker, "HLT," effective November 5, 2026. The move aligns with the Company's innovation and growth ambitions, and no action is required by shareholders

•Repurchased 2.6 million shares of Hilton common stock during the third quarter, bringing total capital return, including dividends, to $879 million for the quarter and $2,902 million year to date through October

•Full year 2026 system-wide RevPAR is projected to increase between 4.0 percent and 4.5 percent on a comparable and currency neutral basis compared to 2025; full year net income is projected to be between $1,909 million and $1,923 million; full year Adjusted EBITDA is projected to be between $4,060 million and $4,080 million

•Full year 2026 capital return is projected to be approximately $3.5 billion

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Overview

Christopher J. Nassetta, President & Chief Executive Officer of Hilton, said, "We delivered strong top and bottom-line results for the third quarter that exceeded our expectations. Our results were driven by momentum across our system, which we expect to continue for the remainder of the year and into 2027. We achieved our highest quarter ever for organic openings, and the continued quarterly sequential increases give us confidence in delivering net unit growth around the midpoint of our 6.0% to 7.0% full-year guidance range.”

For the three months ended September 30, 2026, system-wide comparable RevPAR increased 5.8 percent compared to the same period in 2025 due to an increase in both occupancy and ADR. Management and franchise fee revenues increased 9.5 percent compared to the same period in 2025.

For the nine months ended September 30, 2026, system-wide comparable RevPAR increased 4.7 percent compared to the same period in 2025 due to an increase in both occupancy and ADR. Management and franchise fee revenues increased 8.7 percent compared to the same period in 2025.

For the three months ended September 30, 2026, diluted EPS was $2.37 and diluted EPS, adjusted for special items, was $2.45, compared to $1.78 and $2.11, respectively, for the three months ended September 30, 2025. Net income and Adjusted EBITDA were $536 million and $1,058 million, respectively, for the three months ended September 30, 2026, compared to $421 million and $976 million, respectively, for the three months ended September 30, 2025.

For the nine months ended September 30, 2026, diluted EPS was $6.13 and diluted EPS, adjusted for special items, was $6.75, compared to $4.84 and $6.03, respectively, for the nine months ended September 30, 2025. Net income and Adjusted EBITDA were $1,401 million and $3,013 million, respectively for the nine months ended September 30, 2026, compared to $1,163 million and $2,779 million, respectively, for the nine months ended September 30, 2025.

Development

In the third quarter of 2026, we opened 182 hotels, totaling 27,000 rooms, resulting in 23,000 net room additions. Notable openings included the Hale Hokuala Kauai, Curio Collection by Hilton, which marked the debut of the lifestyle brand in Hawaii, and the Den Bengaluru, LXR Hotels & Resorts, marking the luxury brand’s debut in India. Additionally, we opened the DoubleTree by Hilton Singapore Robertson Quay, the Canopy by Hilton Bangkok Sukhumvit and the Spark by Hilton Milan Linate Airport, which marked the brands' debuts in Singapore, Thailand and Italy, respectively. We also opened our first hotels under Select by Hilton during the quarter, following its launch earlier this year. The opening of the Hilton Istanbul Airport marked the 100th hotel in Türkiye, and we expect to continue to see expansion in the Middle East & Africa region, with more than 20 signings during the quarter. We also continued to expand our global luxury development pipeline with new signings across Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts and LXR Hotels & Resorts, including Waldorf Astoria Seychelles Mahe, Conrad Bengaluru Airport and Iona Galapagos, LXR Hotels & Resorts.

We added 30,500 rooms to the development pipeline during the third quarter, and, as of September 30, 2026, our development pipeline totaled 3,869 hotels representing 543,100 rooms throughout 135 countries and territories, including 26 countries and territories where we had no existing hotels. Additionally, of the rooms in the development pipeline, nearly half were under construction and more than half were located outside of the U.S.

Balance Sheet and Liquidity

As of September 30, 2026, we had $13.5 billion of debt outstanding, excluding the deduction for unamortized deferred financing costs and discount, with a weighted average interest rate of 5.09 percent. Excluding all finance lease liabilities, we had $13.1 billion of debt outstanding with a weighted average interest rate of 5.10 percent and no material indebtedness that matures until April 2029, other than $600 million of outstanding Senior Notes due April 2027. We believe that we have sufficient sources of liquidity and access to debt financing to address the Senior Notes due April 2027 at or prior to their maturity date as well as all indebtedness that becomes due thereafter.

As of September 30, 2026, no borrowings were outstanding under our senior secured revolving credit facility, which had an available borrowing capacity of $1,894 million after considering $106 million of letters of credit outstanding. Total cash and cash equivalents were $830 million as of September 30, 2026, including $56 million of restricted cash and cash equivalents.

In September 2026, we paid a quarterly cash dividend of $0.15 per share of common stock, for a total payment of $34 million, bringing total dividend payments for the year to $103 million. In October 2026, our board of directors authorized a regular quarterly cash dividend of $0.15 per share of common stock to be paid on December 29, 2026 to holders of record of our common stock as of the close of business on December 1, 2026.

During the three months ended September 30, 2026, we repurchased 2.6 million shares of Hilton common stock at an average price per share of $320.05, for a total of $845 million. During the nine months ended September 30, 2026 we repurchased 8.2 million shares of Hilton common stock at an average price per share of $316.36, returning $2,705 million of capital to shareholders, including dividends. Total capital return to shareholders, including dividends year-to-date through October, was $2,902 million.

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The number of shares outstanding as of October 22, 2026 was 222.5 million.

Outlook

Share-based metrics in Hilton's outlook include actual share repurchases through the third quarter but do not include the effects of potential share repurchases thereafter.

Full Year 2026

•System-wide comparable RevPAR, on a currency neutral basis, is projected to increase between 4.0 percent and 4.5 percent compared to 2025.

◦Third quarter benefited from the World Cup and favorable calendar and holiday shifts; the fourth quarter is expected to be affected by midterm elections and increased impact from the Middle East.

•Diluted EPS is projected to be between $8.38 and $8.44.

•Diluted EPS, adjusted for special items, is projected to be between $9.07 and $9.13.

•Net income is projected to be between $1,909 million and $1,923 million.

•Adjusted EBITDA is projected to be between $4,060 million and $4,080 million, which incorporates lower expectations for performance in the Middle East and timeshare license fees compared to our prior guidance.

•Contract acquisition costs and capital expenditures, excluding amounts reimbursed by third parties, are projected to be between $350 million and $375 million.

•Capital return is projected to be approximately $3.5 billion.

•General and administrative expenses are projected to be approximately $400 million.

•Net unit growth is projected to be between 6.0 percent and 7.0 percent, with expectations around the midpoint of the range, reflecting expected sequential growth in net additional rooms in the fourth quarter.

Fourth Quarter 2026

•System-wide comparable RevPAR, on a currency neutral basis, is projected to increase between 3.0 percent and 3.5 percent compared to the fourth quarter of 2025.

•Diluted EPS is projected to be between $2.25 and $2.31.

•Diluted EPS, adjusted for special items, is projected to be between $2.32 and $2.38.

•Net income is projected to be between $508 million and $522 million.

•Adjusted EBITDA is projected to be between $1,047 million and $1,067 million.

Conference Call

Hilton will host a conference call to discuss third quarter 2026 results on October 27, 2026 at 9:00 a.m. Eastern Time. Participants may listen to the live webcast by logging on to the Hilton Investor Relations website at https://ir.hilton.com/events-and-presentations. A replay and transcript of the webcast will be available within 24 hours after the live event at https://ir.hilton.com/financial-reporting.

Alternatively, participants may listen to the live call by dialing 1-888-317-6003 in the United States ("U.S.") or 1-412-317-6061 internationally using the conference ID 4278941. Participants are encouraged to dial into the call or link to the webcast at least fifteen minutes prior to the scheduled start time. A telephone replay will be available for seven days following the call. To access the telephone replay, dial 1-855-669-9658 in the U.S. or 1-412-317-0088 internationally using the conference ID 9687068.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, future financial results, liquidity and capital resources and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "forecasts," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable

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words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks inherent to the hospitality industry; macroeconomic factors beyond our control, such as inflation, changes in interest rates, challenges due to labor shortages or disputes and supply chain disruptions; the loss of key senior management personnel; competition for hotel guests and management and franchise contracts; risks related to doing business with third-party hotel owners; performance of our information technology systems; growth of reservation channels outside of our system; risks of doing business outside of the U.S.; risks associated with geopolitical conflicts, including Iran; uncertainty resulting from U.S. and global political trends, tariffs and other policies, including potential barriers to travel, trade and immigration and other geopolitical events; and our indebtedness. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found under the section entitled "Part I—Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which is filed with the Securities and Exchange Commission (the "SEC") and is accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Definitions

See the "Definitions" section for the definition of certain terms used within this press release, including within the schedules.

Non-GAAP Financial Measures

We refer to certain financial measures that are not recognized under U.S. generally accepted accounting principles ("GAAP") in this press release, including: net income, adjusted for special items; diluted EPS, adjusted for special items; Adjusted EBITDA; Adjusted EBITDA margin; net debt; and net debt to Adjusted EBITDA ratio. See the schedules to this press release, including the "Definitions" section, for additional information and reconciliations of such non-GAAP financial measures, as well as the most comparable GAAP financial measures.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 28 world-class brands comprising more than 9,600 properties and over 1.4 million rooms, in 144 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 4 billion guests in its more than 100-year history. Named as the No. 1 World's Best Workplace by Great Place to Work and Fortune, Hilton aims to create the best culture for its 500,000 team members around the world. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the 270 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on facebook.com/hiltonnewsroom, x.com/hiltonnewsroom, linkedin.com/company/hilton, instagram.com/hiltonnewsroom and youtube.com/@hilton.

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HILTON WORLDWIDE HOLDINGS INC.

EARNINGS RELEASE SCHEDULES

TABLE OF CONTENTS

Page

Condensed Consolidated Statements of Operations

6

Comparable and Currency Neutral System-Wide Hotel Operating Statistics

7

Property Summary

9

Capital Expenditures and Contract Acquisition Costs

10

Reconciliations of Non-GAAP Financial Measures

11

Definitions

16

5

HILTON WORLDWIDE HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share amounts)

(unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2026 2025 2026 2025

Revenues

Franchise and licensing fees $ 815  $ 739  $ 2,319  $ 2,109

Base and other management fees 96  93  290  278

Incentive management fees 71  65  216  212

Ownership

304  322  864  888

Other revenues 72  64  210  187

1,358  1,283  3,899  3,674

Cost reimbursement revenues

1,967  1,837  5,704  5,278

Total revenues 3,325  3,120  9,603  8,952

Expenses

Ownership

271  277  772  802

Depreciation and amortization 52  46  151  130

General and administrative 110  95  327  298

Other expenses 32  23  100  75

465  441  1,350  1,305

Reimbursed expenses

1,951  1,902  5,808  5,556

Total expenses 2,416  2,343  7,158  6,861

Operating income 909  777  2,445  2,091

Interest expense (184) (159) (529) (455)

Loss on foreign currency transactions (7) (9) (19) (8)

Other non-operating income (loss), net 4  (5) 23  15

Income before income taxes 722  604  1,920  1,643

Income tax expense (186) (183) (519) (480)

Net income 536  421  1,401  1,163

Net loss (income) attributable to redeemable and nonredeemable noncontrolling interests —  (1) 2  (3)

Net income attributable to Hilton stockholders $ 536  $ 420  $ 1,403  $ 1,160

Weighted average shares outstanding:

Basic 224  234  227  237

Diluted 226  237  229  240

Earnings per share:

Basic $ 2.39  $ 1.79  $ 6.18  $ 4.89

Diluted $ 2.37  $ 1.78  $ 6.13  $ 4.84

Cash dividends declared per share $ 0.15  $ 0.15  $ 0.45  $ 0.45

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HILTON WORLDWIDE HOLDINGS INC.

COMPARABLE AND CURRENCY NEUTRAL SYSTEM-WIDE HOTEL OPERATING STATISTICS

BY REGION, BRAND AND SEGMENT

(unaudited)

Three Months Ended September 30,

Occupancy ADR RevPAR

2026 vs. 2025 2026 vs. 2025 2026 vs. 2025

System-wide 75.8  % 1.4  % pts. $ 164.57  3.9  % $ 124.70  5.8  %

Region

U.S. 76.7  % 2.1  % pts. $ 176.71  4.1  % $ 135.53  7.0  %

Americas (excluding U.S.) 72.1  0.8  160.60  5.1  115.72  6.3

Europe 81.9  2.0  189.66  3.9  155.37  6.5

Middle East & Africa 64.8  (5.0) 157.04  1.7  101.70  (5.6)

Asia Pacific 71.9  (0.7) 99.87  0.5  71.78  (0.5)

Brand(1)

Waldorf Astoria Hotels & Resorts 65.2  % 2.9  % pts. $ 472.06  8.8  % $ 307.66  13.9  %

Conrad Hotels & Resorts 74.9  (1.2) 268.50  6.8  201.18  5.1

LXR Hotels & Resorts 56.3  (0.9) 585.22  16.1  329.67  14.3

Canopy by Hilton 77.6  2.9  244.04  5.1  189.35  9.3

Hilton Hotels & Resorts 73.6  0.7  197.77  4.5  145.46  5.5

Curio Collection by Hilton 75.9  3.4  242.74  3.5  184.27  8.3

Graduate by Hilton

70.9  3.9  243.72  4.4  172.87  10.4

DoubleTree by Hilton 73.5  1.1  153.40  3.9  112.78  5.6

Tapestry Collection by Hilton 74.6  3.3  201.16  4.1  150.14  9.0

Embassy Suites by Hilton 77.9  2.1  191.68  4.0  149.29  7.0

Motto by Hilton 81.5  (0.1) 232.08  9.1  189.19  8.9

Hilton Garden Inn 74.7  1.0  148.22  3.7  110.76  5.1

Hampton by Hilton 76.1  0.9  135.98  3.2  103.49  4.4

Tru by Hilton 75.8  1.8  135.10  3.3  102.45  5.8

Homewood Suites by Hilton 84.1  2.3  170.37  3.1  143.36  6.1

Home2 Suites by Hilton 80.1  2.6  139.44  2.9  111.70  6.3

Segment

Management and franchise 75.7  % 1.3  % pts. $ 163.80  4.0  % $ 123.97  5.8  %

Ownership(2)

84.1  1.9  232.03  2.7  195.25  5.1

(continued on next page)

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HILTON WORLDWIDE HOLDINGS INC.

COMPARABLE AND CURRENCY NEUTRAL SYSTEM-WIDE HOTEL OPERATING STATISTICS

BY REGION, BRAND AND SEGMENT

(unaudited)

Nine Months Ended September 30,

Occupancy ADR RevPAR

2026 vs. 2025 2026 vs. 2025 2026 vs. 2025

System-wide 73.0  % 1.4  % pts. $ 163.01  2.7  % $ 118.96  4.7  %

Region

U.S. 74.6  % 1.9  % pts. $ 175.09  2.9  % $ 130.53  5.6  %

Americas (excluding U.S.) 68.4  0.9  158.91  3.9  108.73  5.3

Europe 75.9  2.2  177.32  3.0  134.60  6.0

Middle East & Africa 60.7  (8.3) 185.03  (0.3) 112.31  (12.3)

Asia Pacific 68.5  0.8  99.68  0.5  68.31  1.7

Brand(1)

Waldorf Astoria Hotels & Resorts 65.1  % 0.4  % pts. $ 481.11  3.5  % $ 312.97  4.2  %

Conrad Hotels & Resorts 73.2  (0.9) 285.73  3.6  209.17  2.4

LXR Hotels & Resorts 58.1  3.6  557.62  7.7  323.82  14.9

Canopy by Hilton 74.4  1.9  239.11  3.4  177.90  6.1

Hilton Hotels & Resorts 71.5  1.1  198.43  2.7  141.81  4.3

Curio Collection by Hilton 73.2  2.8  244.00  2.7  178.64  6.8

Graduate by Hilton

66.7  2.8  229.86  3.6  153.22  8.1

DoubleTree by Hilton 70.4  1.1  151.05  2.8  106.27  4.5

Tapestry Collection by Hilton 70.7  3.4  195.90  3.1  138.58  8.4

Embassy Suites by Hilton 76.8  1.8  192.38  2.9  147.71  5.3

Motto by Hilton 79.7  0.2  217.90  4.0  173.64  4.3

Hilton Garden Inn 71.5  0.9  145.10  2.5  103.72  3.9

Hampton by Hilton 72.7  1.0  132.11  2.5  96.03  3.9

Tru by Hilton 73.0  1.4  133.11  2.9  97.17  4.9

Homewood Suites by Hilton 81.6  2.0  166.27  2.3  135.68  4.8

Home2 Suites by Hilton 77.8  2.6  138.69  2.3  107.90  5.8

Segment

Management and franchise 72.9  % 1.4  % pts. $ 162.39  2.7  % $ 118.41  4.7  %

Ownership(2)

78.5  2.9  219.05  (1.1) 171.89  2.7

____________

(1)Excludes brands for which a significant number of the hotels were designated as non-comparable hotels as of the end of the period so as to make comparative statistics for such brand not meaningful.

(2)Includes hotels owned or leased by entities in which we own a noncontrolling financial interest.

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HILTON WORLDWIDE HOLDINGS INC.

PROPERTY SUMMARY

As of September 30, 2026

Ownership(1)

Managed Franchised / Licensed Total

Properties Rooms Properties Rooms Properties Rooms Properties Rooms

Waldorf Astoria Hotels & Resorts 2  463  38  9,433  —  —  40  9,896

Conrad Hotels & Resorts 1  164  46  14,479  6  3,057  53  17,700

LXR Hotels & Resorts —  —  7  1,155  11  1,915  18  3,070

NoMad —  —  1  91  —  —  1  91

Signia Hilton —  —  6  4,293  —  —  6  4,293

Canopy by Hilton —  —  16  2,875  35  6,284  51  9,159

Hilton Hotels & Resorts 42  14,254  309  130,336  272  84,546  623  229,136

Curio Collection by Hilton —  —  37  7,877  179  33,025  216  40,902

Graduate by Hilton —  —  —  —  35  5,881  35  5,881

DoubleTree by Hilton —  —  172  46,783  552  115,413  724  162,196

Tapestry Collection by Hilton —  —  11  3,344  205  24,127  216  27,471

Embassy Suites by Hilton —  —  34  8,962  232  51,957  266  60,919

Tempo by Hilton —  —  1  661  9  1,447  10  2,108

Outset Collection by Hilton —  —  —  —  5  523  5  523

Motto by Hilton —  —  —  —  12  2,547  12  2,547

Hilton Garden Inn —  —  134  26,831  1,053  149,221  1,187  176,052

Hampton by Hilton —  —  50  8,076  3,205  360,088  3,255  368,164

Tru by Hilton —  —  14  1,565  347  33,644  361  35,209

Spark by Hilton —  —  2  439  290  25,316  292  25,755

Homewood Suites by Hilton —  —  7  928  557  63,972  564  64,900

Home2 Suites by Hilton —  —  2  210  933  103,178  935  103,388

LivSmart Studios by Hilton —  —  —  —  7  795  7  795

Apartment Collection by Hilton

—  —  —  —  5  1,019  5  1,019

Select by Hilton —  —  —  —  11  3,125  11  3,125

Strategic partner hotels(2)

—  —  —  —  585  26,898  585  26,898

Other(3)

—  —  5  1,280  11  4,012  16  5,292

Total hotels 45  14,881  892  269,618  8,557  1,101,990  9,494  1,386,489

Hilton Grand Vacations(4)

—  —  —  —  126  21,928  126  21,928

Total system 45  14,881  892  269,618  8,683  1,123,918  9,620  1,408,417

Ownership(1)

Managed Franchised / Licensed Total

Properties Rooms Properties Rooms Properties Rooms Properties Rooms

U.S. —  —  171  78,158  6,209  793,475  6,380  871,633

Americas (excluding U.S.) —  —  68  18,275  461  58,433  529  76,708

Europe 37  10,661  108  26,461  830  98,704  975  135,826

Middle East & Africa 3  1,376  124  35,252  49  6,951  176  43,579

Asia Pacific 5  2,844  421  111,472  1,008  144,427  1,434  258,743

Total hotels 45  14,881  892  269,618  8,557  1,101,990  9,494  1,386,489

Hilton Grand Vacations(4)

—  —  —  —  126  21,928  126  21,928

Total system 45  14,881  892  269,618  8,683  1,123,918  9,620  1,408,417

____________

(1)Includes hotels owned or leased by entities in which we own a noncontrolling financial interest.

(2)Includes hotels that are included in our booking channels and participate in the Hilton Honors guest loyalty program through strategic partnership arrangements.

(3)Includes other hotels in our system that are not distinguished by a specific Hilton brand.

(4)Includes properties under our timeshare brands including Hilton Club, Hilton Grand Vacations Club and Hilton Vacation Club.

9

HILTON WORLDWIDE HOLDINGS INC.

CAPITAL EXPENDITURES AND CONTRACT ACQUISITION COSTS

(dollars in millions)

(unaudited)

Three Months Ended

September 30, Increase / (Decrease)

2026 2025 $ %

Capital expenditures for property and equipment(2)

$ 32  $ 29  3  10.3

Capitalized software costs(3)

23  21  2  9.5

Total capital expenditures 55  50  5  10.0

Contract acquisition costs, net of refunds 78  31  47

NM(1)

Total capital expenditures and contract acquisition costs $ 133  $ 81  52  64.2

Nine Months Ended

September 30, Increase / (Decrease)

2026 2025 $ %

Capital expenditures for property and equipment(2)

$ 53  $ 71  (18) (25.4)

Capitalized software costs(3)

70  62  8  12.9

Total capital expenditures 123  133  (10) (7.5)

Contract acquisition costs, net of refunds 155  103  52  50.5

Total capital expenditures and contract acquisition costs $ 278  $ 236  42  17.8

___________

(1)Fluctuation in terms of percentages change is not meaningful.

(2)Represents expenditures for hotels, corporate and other property and equipment, which include amounts reimbursed by third parties of $8 million and $15 million for the three months ended September 30, 2026 and 2025, respectively, and $20 million and $37 million for the nine months ended September 30, 2026 and 2025, respectively. Excludes expenditures for FF&E replacement reserves of $17 million and $18 million for the three months ended September 30, 2026 and 2025, respectively, and $40 million and $50 million for the nine months ended September 30, 2026 and 2025, respectively.

(3)Includes $21 million and $18 million of expenditures that were reimbursed to us by third parties for the three months ended September 30, 2026 and 2025, respectively, and $65 million and $56 million for the nine months ended September 30, 2026 and 2025, respectively.

10

HILTON WORLDWIDE HOLDINGS INC.

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

NET INCOME AND DILUTED EPS, ADJUSTED FOR SPECIAL ITEMS

(in millions, except per share data)

(unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2026 2025 2026 2025

Net income attributable to Hilton stockholders, as reported

$ 536  $ 420  $ 1,403  $ 1,160

Diluted EPS, as reported $ 2.37  $ 1.78  $ 6.13  $ 4.84

Special items:

Cost reimbursement revenues(1)

$ (1,967) $ (1,837) $ (5,704) $ (5,278)

Reimbursed expenses(1)

1,951  1,902  5,808  5,556

FF&E replacement reserves

17  18  40  50

Tax-related adjustments(2)

3  —  6  3

Other adjustments(3)

20  19  36  40

Total special items before taxes 24  102  186  371

Income tax expense on special items (4) (24) (43) (88)

Total special items after taxes $ 20  $ 78  $ 143  $ 283

Net income, adjusted for special items $ 556  $ 498  $ 1,546  $ 1,443

Diluted EPS, adjusted for special items

$ 2.45  $ 2.11  $ 6.75  $ 6.03

____________

(1)Amounts include results from the operation of programs conducted for the benefit of property owners and exclude cash receipts recorded as deferred revenues on our condensed consolidated balance sheets related to these programs. Under the terms of the related contracts, we do not operate these programs to generate a profit and have contractual rights to adjust future collections to recover prior period expenditures.

(2)Amounts include income tax expenses (benefits) related to the enactment of new tax laws and certain changes in unrecognized tax expenses (benefits).

(3)Amounts for the three and nine months ended September 30, 2026 include a loss related to the deconsolidation of a subsidiary which previously leased a hotel, which was recognized in other non-operating income (loss), net. Amount for the nine months ended September 30, 2025 includes expected credit losses on financing receivables, which were recognized in other non-operating income (loss), net, and restructuring costs related to one of our leased hotels, which were recognized in ownership expenses. Amounts for all periods include losses (gains) related to severance and other items, including non-cash charges, which are recognized in various line items, such as net losses (gains) related to certain of our investments in unconsolidated affiliates, which were recognized in other non-operating income (loss), net, and the amortization expense related to finite-lived intangible assets that were recorded at fair value in 2007 when the Company became a wholly owned subsidiary of affiliates of Blackstone Inc., which was recognized in depreciation and amortization expenses.

11

HILTON WORLDWIDE HOLDINGS INC.

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

NET INCOME MARGIN AND

ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN

(dollars in millions)

(unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2026 2025 2026 2025

Net income $ 536  $ 421  $ 1,401  $ 1,163

Interest expense 184  159  529  455

Income tax expense 186  183  519  480

Depreciation and amortization expenses 52  46  151  130

Loss on foreign currency transactions 7  9  19  8

FF&E replacement reserves 17  18  40  50

Share-based compensation expense 59  44  165  135

Amortization of contract acquisition costs 16  15  48  42

Cost reimbursement revenues(1)

(1,967) (1,837) (5,704) (5,278)

Reimbursed expenses(1)

1,951  1,902  5,808  5,556

Other adjustments(2)

17  16  37  38

Adjusted EBITDA $ 1,058  $ 976  $ 3,013  $ 2,779

____________

(1)Amounts include results from the operation of programs conducted for the benefit of property owners and exclude cash receipts recorded as deferred revenues on our condensed consolidated balance sheets related to these programs. Under the terms of the related contracts, we do not operate these programs to generate a profit and have contractual rights to adjust future collections to recover prior period expenditures.

(2)Amounts for the three and nine months ended September 30, 2026 include a loss related to the deconsolidation of a subsidiary which previously leased a hotel. Amount for the nine months ended September 30, 2025 includes expected credit losses on financing receivables and restructuring costs related to one of our leased hotels. Amounts for all periods include losses (gains) related to severance and other items, including non-cash charges, such as net losses (gains) related to certain of our investments in unconsolidated affiliates.

Three Months Ended Nine Months Ended

September 30, September 30,

2026 2025 2026 2025

Total revenues, as reported $ 3,325  $ 3,120  $ 9,603  $ 8,952

Add: amortization of contract acquisition costs

16  15  48  42

Less: cost reimbursement revenues(1)

(1,967) (1,837) (5,704) (5,278)

Total revenues, as adjusted

$ 1,374  $ 1,298  $ 3,947  $ 3,716

Net income $ 536  $ 421  $ 1,401  $ 1,163

Net income margin 16.1  % 13.5  % 14.6  % 13.0  %

Adjusted EBITDA $ 1,058  $ 976  $ 3,013  $ 2,779

Adjusted EBITDA margin 77.0  % 75.2  % 76.3  % 74.8  %

____________

(1)Amounts include revenues from the operation of programs conducted for the benefit of property owners and exclude cash receipts recorded as deferred revenues on our condensed consolidated balance sheets related to these programs. Under the terms of the related contracts, we do not operate these programs to generate a profit and have contractual rights to adjust future collections to recover prior period expenditures.

12

HILTON WORLDWIDE HOLDINGS INC.

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

LONG-TERM DEBT TO NET INCOME RATIO AND

NET DEBT AND NET DEBT TO ADJUSTED EBITDA RATIO

(dollars in millions)

(unaudited)

September 30, December 31,

2026 2025

Long-term debt, including current maturities $ 13,357  $ 12,363

Add: unamortized deferred financing costs and discount

96  96

Long-term debt, including current maturities and excluding the deduction for unamortized deferred financing costs and discount

13,453  12,459

Less: cash and cash equivalents

(774) (918)

Less: restricted cash and cash equivalents (56) (52)

Net debt $ 12,623  $ 11,489

Nine Months Ended Year Ended TTM Ended

September 30, December 31, September 30,

2026 2025 2025 2026

Net income $ 1,401  $ 1,163  $ 1,461  $ 1,699

Interest expense 529  455  620  694

Income tax expense 519  480  611  650

Depreciation and amortization expenses 151  130  177  198

Loss on foreign currency transactions 19  8  11  22

FF&E replacement reserves 40  50  73  63

Share-based compensation expense 165  135  170  200

Amortization of contract acquisition costs 48  42  57  63

Cost reimbursement revenues(1)

(5,704) (5,278) (7,085) (7,511)

Reimbursed expenses(1)

5,808  5,556  7,550  7,802

Other adjustments(2)

37  38  80  79

Adjusted EBITDA $ 3,013  $ 2,779  $ 3,725  $ 3,959

Long-term debt $ 13,357

Long-term debt to net income ratio 7.9

Net debt $ 12,623

Net debt to Adjusted EBITDA ratio 3.2

____________

(1)Amounts include results from the operation of programs conducted for the benefit of property owners and exclude cash receipts recorded as deferred revenues on our condensed consolidated balance sheets related to these programs. Under the terms of the related contracts, we do not operate these programs to generate a profit and have contractual rights to adjust future collections to recover prior period expenditures.

(2)Amount for the nine months ended September 30, 2026 includes a loss related to the deconsolidation of a subsidiary which previously leased a hotel. Amounts for nine months ended September 30, 2025 and year ended December 31, 2025 include expected credit losses on financing receivables and restructuring costs related to one of our leased hotels. Amount for the year ended December 31, 2025 also includes losses for the partial settlement of one of our pension plans. Amounts for all periods include losses (gains) related to severance and other items, including non-cash charges, such as net losses (gains) related to certain of our investments in unconsolidated affiliates.

13

HILTON WORLDWIDE HOLDINGS INC.

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

OUTLOOK: NET INCOME AND DILUTED EPS, ADJUSTED FOR SPECIAL ITEMS

(in millions, except per share data)

(unaudited)

Three Months Ending

December 31, 2026

Low Case High Case

Net income attributable to Hilton stockholders

$ 507  $ 521

Diluted EPS(1)

$ 2.25  $ 2.31

Special items(2):

FF&E replacement reserves $ 20  $ 20

Total special items before taxes 20  20

Income tax expense on special items (5) (5)

Total special items after taxes $ 15  $ 15

Net income, adjusted for special items $ 522  $ 536

Diluted EPS, adjusted for special items(1)

$ 2.32  $ 2.38

Year Ending

December 31, 2026

Low Case High Case

Net income attributable to Hilton stockholders

$ 1,910  $ 1,924

Diluted EPS(1)

$ 8.38  $ 8.44

Special items(2):

Cost reimbursement revenues

$ (5,704) $ (5,704)

Reimbursed expenses

5,808  5,808

FF&E replacement reserves 60  60

Tax related adjustments

6  6

Other adjustments 36  36

Total special items before taxes 206  206

Income tax expense on special items (48) (48)

Total special items after taxes $ 158  $ 158

Net income, adjusted for special items $ 2,068  $ 2,082

Diluted EPS, adjusted for special items(1)

$ 9.07  $ 9.13

____________

(1)Does not include the effect of share repurchases made after September 30, 2026.

(2)See "—Net Income and Diluted EPS, Adjusted for Special Items" for details of these special items.

14

HILTON WORLDWIDE HOLDINGS INC.

RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES

OUTLOOK: NET INCOME AND ADJUSTED EBITDA

(in millions)

(unaudited)

Three Months Ending

December 31, 2026

Low Case High Case

Net income

$ 508  $ 522

Interest expense 197  197

Income tax expense 205  211

Depreciation and amortization expenses 57  57

FF&E replacement reserves 20  20

Share-based compensation expense 39  39

Amortization of contract acquisition costs 17  17

Other adjustments(1)

4  4

Adjusted EBITDA $ 1,047  $ 1,067

Year Ending

December 31, 2026

Low Case High Case

Net income

$ 1,909  $ 1,923

Interest expense 726  726

Income tax expense 724  730

Depreciation and amortization expenses 208  208

Loss on foreign currency transactions

19  19

FF&E replacement reserves 60  60

Share-based compensation expense 204  204

Amortization of contract acquisition costs 65  65

Cost reimbursement revenues

(5,704) (5,704)

Reimbursed expenses

5,808  5,808

Other adjustments(1)

41  41

Adjusted EBITDA $ 4,060  $ 4,080

____________

(1)See "—Net Income Margin and Adjusted EBITDA and Adjusted EBITDA Margin" for details of these adjustments.

15

HILTON WORLDWIDE HOLDINGS INC.

DEFINITIONS

Trailing Twelve Month Financial Information

This press release includes certain unaudited financial information for the trailing twelve months ("TTM") ended September 30, 2026, which is calculated as the nine months ended September 30, 2026 plus the year ended December 31, 2025 less the nine months ended September 30, 2025. This presentation is not in accordance with GAAP. However, we believe that this presentation provides useful information to investors regarding our recent financial performance, and we view this presentation of the four most recently completed fiscal quarters as a key measurement period for investors to assess our historical results. In addition, our management uses TTM information to evaluate our financial performance for ongoing planning purposes.

Net Income (Loss), Adjusted for Special Items, and Diluted EPS, Adjusted for Special Items

Net income (loss), adjusted for special items is calculated as net income (loss) attributable to Hilton stockholders, as reported, plus total special items after taxes. Net income (loss), adjusted for special items, and diluted earnings (loss) per share ("EPS"), adjusted for special items, are not recognized terms under GAAP and should not be considered as alternatives to net income (loss), diluted EPS or other measures of financial performance or liquidity derived in accordance with GAAP. In addition, our definition of net income (loss), adjusted for special items, and diluted EPS, adjusted for special items, may not be comparable to similarly titled measures of other companies.

Net income (loss), adjusted for special items, and diluted EPS, adjusted for special items, are included to assist investors in performing meaningful comparisons of past, present and future operating results and as a means of highlighting the results of our ongoing operations.

Adjusted EBITDA, Net Income (Loss) Margin and Adjusted EBITDA Margin

Adjusted EBITDA is calculated as net income (loss), excluding interest expense, a provision for income tax benefit (expense) and depreciation and amortization expenses, as well as gains, losses, revenues and expenses earned or incurred in connection with: (i) asset dispositions for both consolidated and unconsolidated investments; (ii) foreign currency transactions; (iii) debt restructurings and retirements; (iv) furniture, fixtures and equipment ("FF&E") replacement reserves required under certain lease agreements; (v) share-based compensation; (vi) reorganization, severance, relocation and other expenses; (vii) non-cash impairment; (viii) amortization of contract acquisition costs; (ix) cost reimbursement revenues and reimbursed expenses; and (x) other items.

Net income (loss) margin represents net income (loss) as a percentage of total revenues. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of total revenues, adjusted to exclude the amortization of contract acquisition costs and cost reimbursement revenues.

We believe that Adjusted EBITDA and Adjusted EBITDA margin provide useful information to investors about us and our financial condition and results of operations for the following reasons: (i) these measures are used by our management team to evaluate our operating performance and make day-to-day operating decisions and (ii) these measures are frequently used by securities analysts, investors and other interested parties as a common performance measure to compare results or estimate valuations across companies in our industry. Additionally, these measures exclude certain items that can vary widely across different industries and among competitors within our industry. For instance, interest expense and income taxes are dependent on company specifics, including, among other things, capital structure and operating jurisdictions, respectively, and, therefore, could vary significantly across companies. Depreciation and amortization expenses, as well as amortization of contract acquisition costs, are dependent upon company policies, including the method of acquiring and depreciating assets and the useful lives that are assigned to those depreciating or amortizing assets for accounting purposes. We also exclude items such as: (i) FF&E replacement reserves for leased hotels to be consistent with the treatment of capital expenditures for property and equipment, where depreciation of such capitalized assets is reported within depreciation and amortization expenses; (ii) share-based compensation, as this could vary widely among companies due to the different plans in place and the usage of them; and (iii) other items that are not reflective of our operating performance, such as amounts related to debt restructurings and debt retirements and reorganization and related severance costs, to enhance period-over-period comparisons of our ongoing operations. Further, Adjusted EBITDA excludes both cost reimbursement revenues and reimbursed expenses as we contractually do not operate the related programs to generate a profit and have contractual rights to adjust future collections to recover prior period expenditures. The direct reimbursements from property owners are billable and reimbursable as the costs are incurred and have no net effect on net income (loss) in the reporting period. The indirect reimbursements from property owners are typically billed and collected monthly, based on the underlying hotel's sales or usage (e.g., gross room revenue or number of reservations processed), while the associated costs are recognized as incurred by Hilton, creating timing differences, with the net effect impacting net income (loss) in the reporting period. These timing differences are due to our discretion to spend in excess of revenues earned or less than revenues earned in a single period to ensure that the programs are operated in the best long-term interests of our property owners. However, over the life of the operation of these programs, the expenses incurred related to the indirect reimbursements are designed to equal the revenues earned from the indirect reimbursements over time such that, in the long term, the programs will not earn a profit or generate a loss and do not impact our economics, either

16

positively or negatively. Therefore, the net effect of our reimbursed revenues and expenses is not used by management to evaluate our operating performance, determine executive compensation or make other operating decisions, and we exclude their impact when evaluating period over period performance results.

Adjusted EBITDA and Adjusted EBITDA margin are not recognized terms under GAAP and should not be considered as alternatives, either in isolation or as a substitute, for net income (loss), net income (loss) margin or other measures of financial performance or liquidity, including cash flows, derived in accordance with GAAP. Further, Adjusted EBITDA and Adjusted EBITDA margin have limitations as analytical tools, may not be comparable to similarly titled measures of other companies and should not be considered as other methods of analyzing our results as reported under GAAP.

Net Debt, Long-Term Debt to Net Income (Loss) Ratio and Net Debt to Adjusted EBITDA Ratio

Long-term debt to net income (loss) ratio is calculated as the ratio of Hilton's long-term debt, including current maturities, to net income (loss). Net debt is calculated as: long-term debt, including current maturities and excluding the deduction for unamortized deferred financing costs and discounts; reduced by: (i) cash and cash equivalents and (ii) restricted cash and cash equivalents. Net debt to Adjusted EBITDA ratio is calculated as the ratio of Hilton's net debt to Adjusted EBITDA. Net debt and net debt to Adjusted EBITDA ratio, presented herein, are non-GAAP financial measures that the Company uses to evaluate its financial leverage.

Net debt should not be considered as a substitute for debt presented in accordance with GAAP, and net debt to Adjusted EBITDA ratio should not be considered as an alternative to measures of financial condition derived in accordance with GAAP. Net debt and net debt to Adjusted EBITDA ratio may not be comparable to similarly titled measures of other companies. We believe net debt and net debt to Adjusted EBITDA ratio provide useful information about our indebtedness to investors as they are frequently used by securities analysts, investors and other interested parties to compare the indebtedness between companies.

Comparable Hotels

We define our comparable hotels as those that were active and operating in our system for at least one full calendar year and were open January 1st of the previous year. We exclude hotels that have undergone a change in brand or ownership type or a large-scale capital project during the current or comparable periods or otherwise do not have available comparable results, such as those that have sustained substantial property damage or encountered business interruption. We exclude strategic partner hotels from our comparable hotels. Of the 9,494 hotels in our system as of September 30, 2026, 585 hotels were strategic partner hotels and 6,679 hotels were classified as comparable hotels. Our 2,230 non-comparable hotels as of September 30, 2026 included (i) 1,143 hotels that were added to our system after January 1, 2025 or that have undergone a change in brand or ownership type during the current or comparable periods reported and (ii) 1,087 hotels that were removed from the comparable group for the current or comparable periods reported because they underwent or are undergoing large-scale capital projects, sustained substantial property damage, encountered business interruption or comparable results were otherwise not available for them.

Occupancy

Occupancy represents the total number of room nights sold divided by the total number of room nights available at a hotel or group of hotels for a given period. Occupancy measures the utilization of available capacity at a hotel or group of hotels. Management uses occupancy to gauge demand at a specific hotel or group of hotels in a given period. Occupancy levels also help management determine achievable Average Daily Rate ("ADR") pricing levels as demand for hotel rooms increases or decreases.

ADR

ADR represents hotel room revenue divided by the total number of room nights sold for a given period. ADR measures the average room price attained by a hotel, and ADR trends provide useful information concerning the pricing environment and the nature of the customer base of a hotel or group of hotels. ADR is a commonly used performance measure in the industry, and we use ADR to assess pricing levels that we are able to generate by type of customer, as changes in rates charged to customers have different effects on overall revenues and incremental profitability than changes in occupancy, as described above.

Revenue per Available Room ("RevPAR")

RevPAR is calculated by dividing hotel room revenue by the total number of room nights available to guests for a given period. We consider RevPAR to be a meaningful indicator of our performance as it provides a metric correlated to two primary and key drivers of operations at a hotel or group of hotels, as previously described: occupancy and ADR. RevPAR is also a useful indicator in measuring performance over comparable periods for comparable hotels.

References to occupancy, ADR and RevPAR are presented on a comparable basis, based on the comparable hotels as of September 30, 2026, and references to ADR and RevPAR are presented on a currency neutral basis, unless otherwise noted. As

17

such, comparisons of these hotel operating statistics for the three and nine months ended September 30, 2026 and 2025 use foreign currency exchange rates for the three and nine months ended September 30, 2026, respectively.

Pipeline

Rooms under construction include rooms for hotels under construction or operating hotels that are in the process of conversion to our system.

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- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

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Data Type:

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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Period Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Namespace Prefix:

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Period Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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Namespace Prefix:

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Data Type:

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Balance Type:

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

dei_SecurityExchangeName

Namespace Prefix:

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Data Type:

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Balance Type:

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Period Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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dei_SolicitingMaterial

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

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Period Type:

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X

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

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dei_TradingSymbol

Namespace Prefix:

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Data Type:

dei:tradingSymbolItemType

Balance Type:

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Period Type:

duration

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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- Definition

Cover Page [Abstract]

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No definition available.

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