Hilton's 3.6% RevPAR Growth Hides a $3.5 Billion Question About Who Actually Benefits
Hilton beat Q1 estimates and raised its full-year outlook, but the gap between what's celebrated at corporate and what flows to the owner's bottom line keeps widening. The record pipeline and $3.5 billion in planned capital returns tell two very different stories depending on which side of the franchise agreement you're sitting on.
