Hilton Worldwide — Jul 23, 2025 release

With that being said, we believe the economy in our largest market is set up for better growth over the intermediate term, which should accelerate travel demand and, when paired with low industry supply growth, unlock stronger RevPAR growth. On the development side, we achieved the largest pipeline in our history, and we remain confident in our ability to deliver net unit growth between 6.0 percent and 7.0 percent for the next several years." For the three months ended June 30, 2025, system-wide comparable RevPAR decreased 0.5 percent compared to the same period in 2024 due to modest occupancy declines, partially mitigated by ADR gains. Management and franchise fee revenues increased 7.9 percent compared to the same period in 2024. For the six months ended June 30, 2025, system-wide comparable RevPAR increased 1.0 percent compared to the same period in 2024 due to an increase in ADR. Management and franchise fee revenues increased 6.6 percent compared to the same period in 2024. For the three months ended June 30, 2025, diluted EPS was $1.84 and diluted EPS, adjusted for special items, was $2.20, compared to $1.67 and $1.91, respectively, for the three months ended June 30, 2024. Net income and Adjusted EBITDA were $442 million and $1,008 million, respectively, for the three months ended June 30, 2025, compared to $422 million and $917 million, respectively, for the three months ended June 30, 2024. For the six months ended June 30, 2025, diluted EPS was $3.07 and diluted EPS, adjusted for special items, was $3.92, compared to $2.71 and $3.44, respectively, for the six months ended June 30,