Hilton Worldwide Guest Loyalty Program — Liability for guest loyalty program increased by 5.4% to $1.71B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.4%, from $1.64B to $1.71B. Over 4 years (FY 2021 to FY 2025), Guest Loyalty Program — Liability for guest loyalty program shows relatively stable performance with a 1.0% CAGR.
A growing liability indicates a larger pool of points held by customers, which can drive future bookings but also represents a significant future service obligation.
This represents the total deferred revenue liability recognized for outstanding loyalty points earned by customers that...
Standard across the hospitality and travel industry as 'Loyalty Program Deferred Revenue' or 'Frequent Traveler Liability'.
hlt_segment_guest_loyalty_program_liability_for_guest_loyalty_program| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.59B | $1.74B | $1.32B | $1.27B | $1.25B | $1.25B | $1.29B | $1.31B | $1.33B | $1.41B | $1.53B | $1.55B | $1.63B | $1.62B | $1.60B | $1.64B | $1.63B | $1.76B | $1.62B | $1.71B |
| QoQ Change | — | +9.2% | -24.3% | -3.5% | -1.5% | -0.1% | +2.7% | +1.6% | +1.7% | +6.3% | +8.4% | +1.5% | +4.6% | -0.5% | -1.2% | +2.6% | -0.8% | +8.4% | -7.9% | +5.4% |
| YoY Change | — | — | — | — | -21.4% | -28.1% | -2.4% | +2.8% | +6.1% | +12.8% | +19.1% | +18.9% | +22.4% | +14.6% | +4.4% | +5.5% | +0.1% | +9.0% | +1.7% | +4.4% |