Berenberg analyst El Kassir upgraded Hilton to Buy from Hold and raised its price target to $84 from $79. Kassir comments Hilton is execute strongly on room growth and expects it to accelerate moving forward. Hilton is the standout in terms of execution on not only pipeline growth but net room growth over the past decade, the analyst wrote in a note to investors. Kassir expects this to continue and for Hilton to drive its net room additions higher moving forward, which is underpinned by its pipeline. This is the main reason Kassir view on Hilton has become more positive, with significant upside if Hilton is able to maintain current growth characteristics.

Reports Q1 revenue $2.573, consensus $2.55B. Q1 system-wide comparable RevPAR increased 2.0%, on a currency neutral basis, compared to the same period in 2023. Christopher J. Nassetta, President & CEO, said, "We are pleased to report a strong first quarter with bottom line results meaningfully exceeding our expectations, further demonstrating the power of our resilient, fee-based business model and strong development story. During the first quarter, system-wide RevPAR increased 2.0 percent as renovations, inclement weather and unfavorable holiday shifts weighed on performance more than anticipated. On the development side, we continued to see great momentum across signings, starts and openings. As a result of our record pipeline and the growth pace we've seen to-date, we expect net unit growth of 6.0%-6.5% for the full year, excluding the planned acquisition of the Graduate Hotels brand."