Hilton Worldwide Holdings: Solid Growth But At A Full Valuation

Hilton Worldwide Holdings remains a "Hold" due to a full valuation despite strong fundamentals, a robust pipeline, and ongoing buybacks. Q1 results showed 13% EBITDA growth, 3.6% RevPAR increase, and a 6.3% system size expansion, but revenue slightly missed consensus. HLT's global pipeline represents ~37% cumulative room growth, supporting 6%-7% annual net unit growth through at least 2030.