Hilton Worldwide Holdings Inc. (NYSE: HLT)

Hilton Worldwide Holdings Inc. operates as one of the largest global hospitality companies with 9,158 properties offering 1,351,351 rooms across 143 countries and territories as of December 31 2025. The company maintains a diverse portfolio of brands spanning luxury lifestyle full service focused service all suites and timeshare categories. It also runs the Hilton Honors loyalty program which had 243 million members at the end of 2025.

Hilton generates revenue primarily through its management and franchise segment and its ownership segment. In the management and franchise segment the company earns management and franchise fees from third party hotel owners licensing fees from strategic partners such as co branded credit card providers and Hilton Grand Vacations and fees for managing hotels that it owns. In the ownership segment revenue comes from nightly room sales food and beverage sales and other ancillary services at the hotels that Hilton leases or owns.

The company operates through the following segments: management and franchise segment and ownership segment.

• Management and franchise segment: This segment includes the operation of hotels under management contracts for third party owners the licensing of Hilton’s intellectual property to franchisees and the provision of booking channels and related services. As of December 31 2025 the segment managed 873 hotels with 264,760 rooms and franchised or licensed 8,239 properties with 1,071,304 rooms. Revenue is derived from management and franchise fees licensing fees from strategic partners and Hilton Grand Vacations and fees for managing owned hotels.

• Ownership segment: This segment consists of hotels that Hilton leases or owns and operates directly. As of December 31 2025 the segment comprised 46 hotels with 15,287 rooms. Revenue is generated from the sale of room nights food and beverage and other hotel services to guests.

Hilton holds a leading position in the global hospitality industry competing with major chains such as Accor S. A. Choice Hotels International Hyatt Hotels Corporation Intercontinental Hotels Group Marriott International and Wyndham Hotels & Resorts. Its competitive advantages stem from a broad multi brand portfolio a worldwide footprint a strong loyalty program and a business model that requires limited capital for growth through its development pipeline. The company’s scale allows it to negotiate favorable terms with suppliers and to invest in technology that enhances guest experience.

Hilton serves a broad base of individual leisure and business travelers conference groups and corporate clients. It also works with property owners franchisees and strategic partners including co branded credit card issuers such as American Express and timeshare operators like Hilton Grand Vacations.