Hilton (HLT) exec says that Q4 systemwide RevPar increased by 50bps Y/Y as strong international performance and solid group demand were offset by softer US government demand

• Feels optimistic that 2026 will be stronger than 2025
• Expects Q1 RevPAR growth of 1-2% Y/Y, including impact from recent US storms.

Hilton's announcement of a modest 50bps year-over-year increase in Q4 RevPAR suggests a blend of resilience in international markets alongside challenges in the U.S. government sector. The CEO's optimistic outlook for 2026 implies confidence in recovery, yet the Q1 growth forecast of just 1-2% indicates a cautious start, particularly considering recent adverse weather impacts in the U.S.