Hilton
Hotels · United States
Hilton franchises and manages hotels from Waldorf Astoria to Hampton, earning fees on room revenue while hotel owners fund the buildings, and it keeps guests coming back through Hilton Honors.
What makes it different
A huge pipeline of signed hotels is still to open.
520,500Rooms in the development pipelineDec 31, 2025
Hotels under contract but not yet open add up to a large share of today's rooms.
How big it is
How big is Hilton?
$12.04BTotal revenueFY2025
1,351,351Rooms2025
9,158Properties2025
How it makes money FY2025
Mostly franchise fees.
- Franchise and licensing fees56%$2.78B
- Ownership25%$1.23B
- Base and other management fees8%$376M
- Incentive management fees6%$313M
- Other revenues5%$252M
How the business works
Franchise the brands. Fill the pipeline.
- 1Brands to hotel owners
- 2Fees on room revenue
- 3Hotels still to open
Nearly every pipeline room will be franchised or managed, so fee income grows without Hilton owning the hotels.
Who owns it
- The Vanguard Group11.1%
- BlackRock, Inc.8.4%
CEO: Christopher J. Nassetta
Who it competes with
Key moments
- 1919Conrad Hilton buys his first hotel
- 1925First hotel named Hilton opens in Dallas
- 1946Hilton Hotels Corporation formed and listed on the NYSE
- 1949Buys the Waldorf Astoria
- 1984First Embassy Suites and Hampton Inn open
Sources
Every number on this page comes from Hilton's own reports.
Full profile
The rest of the story is in the app.
What Hilton tracks19 metrics
Properties
Rooms
Occupancy
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from2 regions
United States
All other countries
The full timeline16 moments
2007
2014
2016
Hilton vs Marriott Internationalside by side
Revenue
Profit
People
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