Risk Sleuth

HLT · 10-K filed 11 Feb 2026 · year to 31 Dec 2025

Hilton Worldwide Holdings

26 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Suppliers

Cloud service providers

depends onnamed as a risk

We have a cold disaster recovery site in a separate location and cloud backup processes to provide continuous resilience of our core reservation, property management, distribution and financial systems, but certain of our data center operations are currently located in a single facility or with a single cloud-based provider.Risk factors (Item 1A)

Also named by ALLY, BAC, BX, C, EFX, IDXX, LNC, MSCI and 5 more

CrowdStrike Holdings, Inc.

depends onnamed as a risk

For example, in July 2024 a software update by CrowdStrike Holdings, Inc., a cybersecurity technology company, caused a global information technology outage.Risk factors (Item 1A)

Also named by PANW

Partners and platforms

Hilton Grand Vacations Inc. (HGV)

earns from · 114 properties; 20,404 roomsnamed as a risk

HGV has the exclusive right to use our timeshare brands, subject to the terms of a long-term license agreement with us.Business (Item 1)

Online travel agencies

depends onnamed as a risk

A significant percentage of hotel rooms for individual guests are booked through internet travel intermediaries, to whom we commit to pay various commissions and transaction fees for sales of our rooms through their systems.Risk factors (Item 1A)

Also named by L

American Express

earns from

Hilton Honors members can also use points earned to transact with strategic partner hotels as well as many strategic partners, including credit card providers, such as American Express, airlines, rail and car rental companies, Amazon, Lyft and others.Business (Item 1)

Also named by COF, CPAY, DAL, GPGI, MA, MAR, V

Other companies

Collective bargaining agreements

approximately 25 percent of people employed or managed by us globally and approximately 45 percent of people working in the U.S.named as a risk

A significant number of our employees and employees of our hotel owners are covered by collective bargaining agreements and similar agreements, including approximately 25 percent of people employed or managed by us globally and approximately 45 percent of people working in the U.S. as of December 31, 2025.Risk factors (Item 1A)

Also named by APG, BALL, CAG, CARR, HSY, IEX, KR, NI and 10 more

Competitors

Marriott International

competes with

While local and independent brand competitors vary, on a global scale, our primary competitors are Accor S.A., Choice Hotels International, Hyatt Hotels Corporation, Intercontinental Hotel Group, Marriott International and Wyndham Hotels & Resorts.Business (Item 1)

Also named by AXP, RHP

Wyndham Hotels & Resorts

competes with

While local and independent brand competitors vary, on a global scale, our primary competitors are Accor S.A., Choice Hotels International, Hyatt Hotels Corporation, Intercontinental Hotel Group, Marriott International and Wyndham Hotels & Resorts.Business (Item 1)

Also named by TNL

Hyatt Hotels Corporation

competes with

While local and independent brand competitors vary, on a global scale, our primary competitors are Accor S.A., Choice Hotels International, Hyatt Hotels Corporation, Intercontinental Hotel Group, Marriott International and Wyndham Hotels & Resorts.Business (Item 1)

InterContinental Hotels Group

competes with

While local and independent brand competitors vary, on a global scale, our primary competitors are Accor S.A., Choice Hotels International, Hyatt Hotels Corporation, Intercontinental Hotel Group, Marriott International and Wyndham Hotels & Resorts.Business (Item 1)

Accor S.A.

competes with

While local and independent brand competitors vary, on a global scale, our primary competitors are Accor S.A., Choice Hotels International, Hyatt Hotels Corporation, Intercontinental Hotel Group, Marriott International and Wyndham Hotels & Resorts.Business (Item 1)

Choice Hotels International

competes with

While local and independent brand competitors vary, on a global scale, our primary competitors are Accor S.A., Choice Hotels International, Hyatt Hotels Corporation, Intercontinental Hotel Group, Marriott International and Wyndham Hotels & Resorts.Business (Item 1)

Places

United States

concentrated in · 6,211 properties; 851,582 rooms

Our rooms outside the U.S. represented approximately 36 percent, 35 percent and 33 percent of our system-wide hotel rooms for the years ended December 31, 2025, 2024 and 2023, respectively.Risk factors (Item 1A)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

Europe

operates in · 37 owned/leased properties; 10,662 rooms

Although internet travel intermediaries also have been subject to regulatory scrutiny, particularly in Europe, the outcome of this regulatory activity may affect our ability to compete for direct bookings through our own internet channels.Risk factors (Item 1A)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

Commodities and inputs

SOFR

exposed to its price · $3,119 million variable-rate long-term debtnamed as a risk

Our primary sensitivity in 2025 was to changes in one-month SOFR, as the interest rates on our Term Loans, which represent the majority of our variable-rate indebtedness, were based on this benchmark rate.Market risk (Item 7A)

Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more

Regulators

Office of Foreign Assets Control (OFAC)

subject tonamed as a risk

Where we have identified potential violations in the past, we have taken appropriate remedial action including filing voluntary disclosures to OFAC.Risk factors (Item 1A)

Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more

Internal Revenue Service (IRS)

subject tonamed as a risk

However, the Hilton Honors guest loyalty program is still subject to audit for subsequent years, which may result in material increases to our income tax liability.Risk factors (Item 1A)

Also named by AAPL, ABNB, ADI, AJG, AMGN, BBSI, BMNR, BRO and 39 more

Gaming regulators

subject to

As a result, our business operations at such facilities are subject to the licensing and regulatory control of the local regulatory agency responsible for gaming licenses and operations in those jurisdictions.Business (Item 1)

Also named by O

Laws and programs

Hilton Honors

243 million membersnamed as a risk

If the program awards and benefits are materially altered, curtailed or taxed such that a material number of Hilton Honors members choose to no longer participate in the program, our business could be adversely affected.Risk factors (Item 1A)

Foreign Corrupt Practices Act (FCPA)

subject tonamed as a risk

Our business operations in countries and territories outside the U.S. are subject to a number of laws and regulations, including restrictions imposed by the Foreign Corrupt Practices Act ("FCPA"), as well as trade and other economic sanctions administered by the Office of Foreign Assets Control ("OFAC").Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

EU General Data Protection Regulation (GDPR)

subject tonamed as a risk

Many jurisdictions, including the European Union ("E.U."), the U.K., China and certain states within the U.S., have passed laws that require companies to meet specific requirements regarding the handling of personally identifiable information.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

EU Corporate Sustainability Reporting Directive

subject tonamed as a risk

Further, sustainability related information is subject to evolving reporting standards that continue to be introduced and/or amended in various states and jurisdictions, such as the European Union's Corporate Sustainability Reporting Directive, and complying with evolving global sustainability reporting regulations may be costly and complex.Risk factors (Item 1A)

Also named by AMAT, AVY, CBRE, FFIV, GNRC, IEX, INGR, IP and 19 more

Telephone Consumer Protection Act

subject tonamed as a risk

Any further restrictions in laws and court or agency interpretations of such laws, such as the Telephone Consumer Protection Act of 1991, the Telemarketing Sales Rule, the CAN-SPAM Act of 2003, various U.S. state laws, such as the California Opt Me Out Act, the California Privacy Rights Act, international data protection laws, such as the E.U. General Data Protection Regulation ("GDPR"), and laws limiting the cross-border transfer of data that govern these activities or new laws that become effective in the future could adversely affect current or planned marketing activities and cause us to change our marketing strategy.Risk factors (Item 1A)

Also named by ADP, AFL, BBW, CART, COMP, CRM, CSGP, FCFS and 9 more

Americans with Disabilities Act (ADA)

subject tonamed as a risk

For instance, in 2010, we entered into a settlement with the U.S. Department of Justice related to compliance with the Americans with Disabilities Act ("ADA").Risk factors (Item 1A)

Also named by AMT, CMG, DRI, ELS, HHH, LLYVA, LYV, PLD and 3 more

Franchise laws

subject tonamed as a risk

Our business is subject to various foreign and U.S. federal and state laws and regulations, including laws and regulations that govern the offer and sale of franchises, many of which impose substantive requirements on franchise contracts and require that certain materials be registered before franchises can be offered or sold in a particular jurisdiction.Business (Item 1)

Also named by VNT

U.K. Modern Slavery Act 2015

subject tonamed as a risk

The impact of these laws, such as the U.K.'s Modern Slavery Act 2015 and the German Supply Chain Due Diligence Act, and similar legislation on hotel operations could increase costs of operations and reduce our profits.Risk factors (Item 1A)