Hilton stock gained approximately 9% this year, outperforming the broader market.

Concerns emerge regarding the 2026 FIFA World Cup’s impact on business. A disconnect exists between the stock rally and booking demand for the U.S.-hosted event.

The American Hotel & Lodging Association reports that anticipated demand surges in U.S. host cities have not materialized.

Hilton CEO Chris Nassetta stated last month that World Cup demand "doesn't look as strong as what we had hoped." This outlook questions the expected revenue windfall for major chains like Hilton.