Hilton Worldwide Holdings posted stronger-than-expected second-quarter earnings, benefiting from cost controls that offset softer travel demand. Revenue rose 3.3% from a year earlier to $3.14 billion, edging past analysts’ estimates, while adjusted earnings per share climbed 15% to $2.20 versus the $2.04 consensus. Net income was $442 million and adjusted EBITDA reached $1.01 billion. System-wide comparable revenue per available room slipped 0.5% year over year, a decline management said largely reflected holiday-calendar shifts and weaker government business. The hotel operator lifted its full-year adjusted EPS forecast to $7.83-$8.00 from the $7.76-$7.94 range issued earlier this year, and guided third-quarter adjusted EPS to $1.98-$2.04. It now sees 2025 net income of $1.64-$1.68 billion, slightly below its prior view, but kept its target for 6–7% net unit growth after opening 221 hotels in the quarter. Hilton said it remains on course to return about $3.3 billion to shareholders this year through buybacks and dividends. Separately, Heineken NV reported first-half adjusted operating profit of €2.03 billion, topping the €2.01 billion analyst consensus, as growth in Asia and Africa offset a downturn in Western Europe. Organic net revenue rose 2.1%, but global beer volumes fell 1.2% in the half and 0.4% in the second quarter, weighed down by protracted pricing disputes with retailers in France, Spain and the Netherlands. The Dutch brewer kept its full-year guidance for 4–8% adjusted operating-profit growth and said it still expects flat volumes, while announcing an interim dividend of €0.74 and raising its 2025 gross-savings goal to more than €500 million.