The second quarter of 2025 “turned out to be a bit noisier than expected,” Hilton CEO Chris Nassetta shared during the company’s Q2 earnings call. Other chief hotel executives echoed similar sentiments as reports of widespread U.S. RevPAR declines trickled out over the last several weeks.
Hotel CEOs attributed their quarterly losses to government spending declines, lower inbound international visitation and weaker business transient demand.
Broader economic uncertainty following recent U.S. government actions remains a concern looking to the back half of the year, multiple leaders noted. Some, though, were cheerier than others, predicting volatility will wane over the coming quarters.
Solid group booking pace into 2026 gave multiple hotel companies confidence in future growth, particularly for Las Vegas resort operators. As did the strength of the luxury and lifestyle segment in the quarter, as “high-end consumers continue to prioritize travel,” per Hyatt CEO Mark Hoplamazian. The segment will continue to be a focus area for hotel development, leaders shared.
Below is a roundup of Hotel Dive’s coverage of the top hotel companies’ second-quarter 2025 earnings results, with insights from the top executives at Marriott International, Hilton, Hyatt and more, on where the hospitality industry is heading.
