Management remarks
Call period: 2026 Q2 · 2026-07-28
Guidance: Christopher J. Nassetta: Given this momentum, we are raising our full-year system-wide RevPAR growth expectations to 3% to 3.5% with third quarter above our full-year range benefiting from the World Cup and holiday shifts and fourth quarter a bit below due to calendar shifts and midterm elections.Demand and orders: Kevin J. Jacobs: In the Americas outside the U.S., second quarter RevPAR increased 4.6% year-over-year driven by strong group and business travel demand with Canada leading regional gains and continued growth across the Caribbean and South America.Margins: Christopher J. Nassetta: And the combination of those things is, you know, somewhere between 75 and 100 basis points in margin for owners.Analyst Q&A
Analyst Brandt Montour asked: I was hoping, maybe, Kevin, if you could talk a little bit about the EBITDA guidance that you guys gave you beat the Q2 guide by a healthy figure and did not flow through all of that to the full-year EBITDA guidance in the midpoint. Just wondering if there is anything to call out there or just general conservatism? Management Kevin J. Jacobs answered: And the increase in our guidance is flowing through for the full-year the way you would have expected it. what is really going on over the course of the year, if you think about the midpoint of our guidance being close to 9% growth, you have got, we mentioned it, a pretty significant drag in the ownership segment, right? We have three hotels, three major hotels. And if you think about if you take a step back in not to go on a full rant about that segment. But if you go back in time, we had about 100 hotels.管理层陈述
电话会期间：2026 Q2 · 2026-07-28
指引：克里斯托弗·J·纳塞塔：鉴于这一增长势头，我们将全年全系统每可售客房收入增长率预期上调至3%至3.5%，第三季度受世界杯和假期调整影响高于全年区间，第四季度因日历调整和中期选举略低于全年区间。需求与订单：凯文·J·雅各布斯：美国以外的美洲地区第二季度每可售客房收入同比增长4.6%，得益于强劲的团体和商务旅行需求，加拿大引领区域增长，加勒比和南美地区持续增长。利润率：克里斯托弗·J·纳塞塔：上述因素的综合影响将为业主带来75至100个基点的利润率。分析师问答
分析师布兰特·蒙图尔：凯文，想请你谈谈EBITDA指引相关情况：你们第二季度业绩远超指引，但未将全部超额收益计入全年EBITDA指引中点，请问这有什么特殊原因，还是只是出于保守态度？ 管理层凯文·J·雅各布斯：全年指引的上调完全符合预期，当前全年指引中点接近9%的增长，我们提到过自有酒店业务板块存在显著拖累——我们目前仅有3家主要自有酒店，而此前我们拥有约100家自有酒店。This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
