Resort & Hotel Stocks Q1 2026: 5 Key Earnings Results

Hilton, Hyatt, Xenia, Marriott, and Wynn deliver a wave of Q1 2026 earnings as RevPAR growth accelerates and full-year outlooks are raised across the hospitality sector.

Hilton Raises the Bar With $901M Adjusted EBITDA

Hilton Worldwide Holdings (NYSE: HLT) kicked off the Q1 2026 resort and hotel earnings season with a strong beat, posting net income of $383 million and Adjusted EBITDA of $901 million for the three months ended March 31, 2026. Diluted EPS came in at $1.66, or $2.01 adjusted for special items — solidly ahead of consensus forecasts.

The company approved 26,200 new rooms for development during the quarter, swelling its development pipeline to 527,000 rooms as of March 31, 2026 — a 5% expansion year-over-year. Net unit growth reached 6.3% over the trailing twelve months. Hilton also unveiled its newest brand initiative, Select by Hilton, launched in March 2026 in partnership with lifestyle brand YOTEL, targeting independent-minded travelers in the mid-scale segment.

Capital returns remained aggressive. Hilton repurchased 2.7 million shares during the first quarter, bringing total capital return including dividends to $860 million for Q1 alone and $1.084 billion year-to-date through April. Full-year 2026 capital return is now projected at approximately $3.5 billion. Full-year Adjusted EBITDA guidance was raised to between $4.02 billion and $4.06 billion, with system-wide RevPAR growth projected at 2.0% to 3.0% for the full year.

Hyatt Gross Fees Hit $333M, Pipeline Reaches Record 151,000 Rooms

Hyatt Hotels Corporation (NYSE: H) reported Q1 2026 net income attributable to the company of $38 million, with Adjusted Net Income of $61 million and Adjusted Diluted EPS of $0.63. Gross fees reached $333 million, up 8.6% year-over-year, driven by strong managed hotel RevPAR performance internationally, resort strength in the United States, and contributions from the landmark Playa Hotels acquisition completed in June 2025.

All-inclusive resorts — a core strategic focus following the Playa integration — delivered Net Package RevPAR growth of 7.4%, despite isolated security concerns in Mexico that temporarily suppressed demand. Base management fees rose 10.9% and incentive management fees gained 13.8%, underscoring the strength of Hyatt's fee-based asset-light model.

Hyatt's global development pipeline reached a record 151,000 rooms, up 9.4% year-over-year. Notable Q1 openings included the Andaz Lisbon, Andaz Shanghai ITC, and The Livingston in Brooklyn, New York — the first Hyatt-branded hotel in the borough. The company repurchased 840,249 shares for $135 million during the quarter and declared a $0.15 per share dividend payable June 11, 2026.

Full-year 2026 Adjusted EBITDA guidance was set at $1.155 billion to $1.205 billion, representing growth of 13% to 18% versus 2025. Gross fee revenues for 2026 are projected at $1.305 billion to $1.335 billion, up 9% to 11%.

Xenia Hotels Surges 7.4% on RevPAR, Lifts Full-Year Outlook

Xenia Hotels & Resorts (NYSE: XHR), the luxury and upper-upscale REIT operating 30 properties across 14 U.S. states, delivered a standout Q1 2026 result that beat internal expectations and prompted an immediate guidance upgrade. Same-Property RevPAR climbed 7.4% to $205.93, driven by a 180 basis-point gain in occupancy to 71.4% and a 4.8% increase in Average Daily Rate to $288.62.

Phoenix, Arizona — home to the Grand Hyatt Scottsdale Resort — was the standout performer, with RevPAR rocketing 35.5% year-over-year to $388.20. The Florida Keys delivered RevPAR of $640.62 at a 93% occupancy rate. March alone posted Same-Property RevPAR growth of over 14% versus the same month in 2025.

The company raised its full-year 2026 Same-Property RevPAR growth guidance to 2.75%–5.25% from its prior range of 1.50%–4.50%, while Adjusted EBITDAre guidance was lifted to $258 million–$274 million. April Same-Property RevPAR was estimated to have increased approximately 6% year-over-year, confirming Q1 momentum carried into Q2. Xenia held total liquidity of approximately $601 million as of March 31, 2026, supported by a fully available $500 million revolving credit facility.

Marriott Sets Sight on 4.5%–5% Net Rooms Growth in 2026

Marriott International (Nasdaq: MAR), the world's largest hotel company by room count, is scheduled to report Q1 2026 earnings on May 6, 2026. Forward guidance issued at its most recent earnings call projected global RevPAR growth of 1.5% to 2.5% for full-year 2026, broadly in line with the prior year. Gross fee revenues are expected to rise 8%–10% to nearly $6.0 billion, with net rooms growth of 4.5%–5.0% driven by pipeline execution across its 30-plus brands.

International markets, particularly Europe, remain a tailwind — with European comparable system-wide RevPAR gaining 5.1% year-over-year in the most recent reporting period, aided by strong occupancy and ADR gains of 3.5%. Adjusted EPS guidance for 2026 stands between $11.32 and $11.57 per share. MAR stock carried a market capitalization of approximately $60 billion as of April 30, 2026.

Wynn Resorts Reports May 7: Analysts Eye 10.3% EPS Growth

Wynn Resorts (Nasdaq: WYNN) is set to deliver its Q1 2026 earnings on May 7, 2026 after the market close, with a conference call at 4:30 p.m. ET. Wall Street analysts project EPS of approximately $1.18–$1.27, representing a 10.3%–21.1% year-over-year increase, following a Q4 2025 miss in which the company reported EPS of $1.17 against a consensus of $1.42.

For the full fiscal year 2026, analysts expect Wynn to report EPS of $4.92, up 17.4% from $4.19 in 2025. Wynn Macau — the company's critical Asia-Pacific division — received a recent upgrade to overweight from Morgan Stanley, with analysts pointing to its sector-leading dividend yield and recovery prospects in the Macau gaming and resort market. Wynn's Las Vegas operations face a more nuanced outlook, with April room rates reportedly down 15% year-over-year but May rates trending positive, according to Truist Securities. Wynn carries a market capitalization of approximately $11 billion as of late April 2026.

Sector Outlook: Leisure Resilience Offsets Geopolitical Headwinds

Across the resort and hospitality sector, Q1 2026 results reflect a broadly resilient travel landscape anchored by strong luxury and leisure transient demand, even as geopolitical tensions in the Middle East and isolated security concerns in Mexico trim RevPAR growth at the margins. Luxury chain scales outperformed mid-market properties industry-wide, a trend evident across Hyatt, Hilton, and Xenia's portfolios.

The sector's full-year RevPAR growth consensus clusters in the 2%–5% range for 2026, with international markets — particularly Europe and Asia Pacific — continuing to outpace the United States. Group booking pace remains solid heading into the typically stronger Q2 and Q3 summer travel season, providing a cushion against any softening in individual leisure bookings.

Capital return programs remain a defining theme, with Hilton targeting $3.5 billion in shareholder returns, Hyatt committing $325 million–$375 million in buybacks and dividends, and Park Hotels posting net income of $12 million alongside Adjusted EBITDA of $143 million in Q1 2026. As Marriott and Wynn finalize their Q1 disclosures in the first week of May, investor attention will focus on whether corporate and group travel recovery continues to accelerate — and how operators are managing the impact of tariff-driven cost pressures on renovation and capital expenditure budgets.