Hilton added 23,000 net rooms in Q3 2026 with 6.0% unit growth, outpacing Marriott, Hyatt, and IHG on expansion metrics. The company opened 182 hotels and 27,000 rooms in the quarter.
Marriott added roughly 20,000 net rooms with 4.6% growth. IHG reported 4.9% net system growth from 12,900 rooms across 92 hotels. Hyatt posted 3.8% net rooms growth over the trailing 12 months.
Net income for Hilton reached $536 million, up from $421 million, with adjusted EBITDA of $1.058 billion. Management and franchise fee revenue rose 9.5%. Marriott earned $794 million in net income with $1.52 billion in adjusted EBITDA.
Room growth did not translate to rate success. Hyatt's comparable system-wide RevPAR rose 7.2%, Marriott's rose 6.5% worldwide and 7.4% in the US and Canada, while Hilton's rose 5.8%, and IHG's rose 5.3%.
Marriott's development pipeline reached a record 634,000 rooms across over 4,200 properties, with 44% under construction. Hilton's pipeline stands at 543,100 rooms across 3,869 hotels in 135 countries, with nearly half under construction and more than half outside the United States. IHG's pipeline is 353,000 rooms, and Hyatt's is about 158,000 rooms.
Hilton returned $879 million to shareholders in the quarter and projects about $3.5 billion for 2026. The company moved its stock listing to Nasdaq on November 5, 2026 under ticker HLT.