Hilton – which covers numerous brands including Hilton, Conrad, NoMad, Tapestry Collection, Curio Collection and Waldorf Astoria – saw revenues and profits rise in the latest quarter, but RevPAR – or revenue per available room – a key growth indicator for hotels, fell.

Group revenue, for the third quarter, rose 7%, year-on-year, to just over $3.1bn; while net income was ahead by 22% at $421m. However, RevPAR was down 1.1% on the same period last year and is expected to be flat, or at best up 1%, for 2025 as a whole.

In the third quarter of 2025, Hilton opened 199 hotels, totaling 24,800 rooms, resulting in 23,200 net room additions.