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.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：公司将全年系统 RevPAR 增长指引上调至3%至3.5%；受世界杯和节假日错位提振，第三季度增速预计高于全年区间，第四季度受日历错位和中期选举影响，预计略低于全年区间。需求与订单：凯文·J·雅各布斯：美国以外美洲地区第二季度 RevPAR 同比增长4.6%，主要由强劲的团体与商务出行需求推动，加拿大领涨，加勒比和南美继续增长。分析师问答
分析师布兰特·蒙图尔问：第二季度 EBITDA 明显超出指引，为何全年 EBITDA 指引中点没有全额上调？管理层凯文·J·雅各布斯答：全年指引已按预期反映增量，中点对应接近9%的增长；自有酒店业务仍形成明显拖累，公司提到其中有3家主要酒店，而历史上这一业务曾约有100家酒店。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。
