Hilton Worldwide Holdings reported third-quarter 2026 revenue of $3.33 billion, falling short of analyst estimates of $3.37 billion, according to AOL.com. Adjusted earnings per share reached $2.45, surpassing the estimated $2.36 and rising from $2.11 a year earlier. Following the earnings announcement on October 27, 2026, Hilton shares declined 5%.
Regional Revenue Performance
Hilton’s room revenue in the Middle East and Africa decreased by 5.6% year-over-year during Q3 2026, reflecting geopolitical challenges in the region. Conversely, the United States market saw a 7% year-over-year increase in room revenue. Despite the revenue drop, Hilton signed more than 20 new hotels across the Middle East
and Africa in the third quarter, expanding its regional footprint.
Geopolitical Impact on Outlook
Hilton CEO Christopher Nassetta acknowledged increased difficulties in the Middle East, stating that the region is “a little more beaten up than we thought.” The ongoing US-Iran conflict and upcoming US midterm elections contribute to uncertainty affecting Hilton’s fourth-quarter 2026 outlook. Marriott International CEO Anthony Capuano previously noted some easing of hotel revenue declines in the Middle East as of July 2026, despite project delays caused by regional instability.
Operational Highlights and Luxury Brand Growth
Hilton’s luxury brands performed strongly, with revenue per available room (RevPAR) advancing 13.9% for Waldorf Astoria and 14.3% for LXR during
Q3 2026. The company projects net unit growth of 6% to 7% for 2026, driven by higher room additions in the fourth quarter. Analyst David Katz from Jefferies linked this sustained net unit growth to Hilton’s increased investment in its luxury portfolio.
Hilton has revised its fiscal 2026 RevPAR growth guidance upward to a range between 4% and 4.5%, compared to its previous forecast of 3% to 3.5%. This revision reflects resilient leisure and business demand globally despite geopolitical disruptions.
