Unprecedented Development Pipeline, New Brands
and First-in-the-Industry Digital Innovation Drive Momentum into
2015
In its first full year after completing one of the most
successful initial public offerings in history, Hilton Worldwide
announced today that it enters 2015 as the unmatched global
hospitality leader by continuing to be1:
- Number 1 in rooms in supply
- Number 1 in rooms under
construction
- Number 1 in development pipeline
Hilton Worldwide also continues to lead the industry in net unit
growth excluding portfolio acquisitions2, with the addition of more
than 36,000 rooms in 28 countries and territories in 2014 net of
removals. This represents 6 percent growth of overall managed and
franchised supply.
Hilton Worldwide has 12 distinct brands at 4,300 properties
that, as a portfolio, drive an industry-leading global RevPAR index
premium of 15 percent. They comprise more than 715,000 rooms – more
than any other hospitality company3 – and serve more than 139
million guests annually. In 2014, Hilton Worldwide entered Myanmar,
Kazakhstan and Ukraine, expanding the company’s reach to 94
countries and territories around the world.
Hilton Worldwide’s number of rooms under construction globally
makes up 18.7 percent of the industry’s total rooms under
construction4, which is more than four times the company’s current
share of open rooms. The company’s pipeline increased by 35,000
guest rooms in 2014 and includes more than 1,350 hotels and nearly
230,000 rooms in 79 countries and territories.
More than half of the rooms in this pipeline are already under
construction, and all are in the company’s capital-light management
and franchise segment. Including all agreements approved but not
yet signed, Hilton Worldwide’s pipeline totals approximately
245,000 guest rooms, outpacing all other hospitality
companies5.
“Our goal is to serve our guests anywhere in the world, for any
lodging need they have,” said Christopher J. Nassetta, president
and CEO, Hilton Worldwide. “Our success is reflected in our
unprecedented growth and development of new hotels in all areas of
the world, as well as launching category-defining brands that
owners and guests prefer, driving cutting-edge digital innovation
and advancing our extensive corporate responsibility
commitments.”
Around the world in 2014, Hilton Worldwide:
- Approved more than 500 deals
representing more than 80,000 rooms with no portfolio acquisitions
or major investments.
- Approved more than one deal per day in
the Americas.
- Increased its U.S. pipeline by nearly
30 percent to nearly 100,000 total rooms, and opened its 100th
hotel in Canada.
- Grew its pipeline in Asia Pacific by
more than 15 percent to more than 60,000 rooms total, and signed an
exclusive agreement with Plateno Hotels Group to develop more than
400 Hampton by Hilton hotels in China.
- Expanded its pipeline in the Middle
East and Africa by more than 20 percent to nearly 25,000 total
rooms.
- Continued to build its pipeline in
Europe with more rooms than any other company6 at nearly 30,000
rooms.
Introduction of Two New Brands to Portfolio
In addition to growing its established brands around the world,
Hilton Worldwide introduced two new hotel brands, which are both
planned to scale to hundreds of hotels in the next five years.
Curio – A Collection by Hilton was unveiled in June 2014
in response to strong interest from customers and owners. It is a
brand that includes hotels that retain their unique identity but
also deliver the many benefits of Hilton’s system. Curio already
has five hotels open with 15 letters of intent signed.
Canopy by Hilton debuted in October 2014 and is
redefining the lifestyle segment by creating a more accessible
lifestyle brand in terms of its upper upscale price point, distinct
amenities and comfortable design in some of the most desirable
neighborhoods around the globe. Canopy represents a new hotel
concept with high growth potential, a clearly defined guest
offering, and a sustainable business model. Canopy has 11 letters
of intent signed, and the brand’s first hotel is on track to open
in late 2015.
Innovative Digital Hospitality
Hilton Worldwide continues to pioneer innovation in hospitality
with the introduction of digital solutions designed to give guests
greater choice and control over their stay.
The company’s digital check-in with room selection technology is
now available at more than 4,100 hotels worldwide. This was an
industry-first deployed at an unprecedented scale. Guests are able
to check in and select their exact room from digital floor plans
and room lists on their desktop or mobile devices.
Additionally, in late spring of 2015, Hilton HHonors will begin
to roll out the ability for members staying at U.S. properties
across the Hilton Hotels & Resorts, Waldorf Astoria Hotels
& Resorts, Conrad Hotels & Resorts and Canopy by Hilton
brands to simply and securely use their mobile devices as room keys
to access their rooms, with the entire global portfolio of brands
following soon thereafter.
Brand Achievements
Hilton Worldwide’s portfolio of brands has received more J.D.
Power Awards than any other hospitality company, with 34 first
place awards since 1999, more than double its closest competitor.
The company continued to gain recognition for providing outstanding
hospitality in 2014, with Hilton Garden Inn and Homewood Suites
both receiving first place awards in their respective
categories.
Hilton Worldwide’s brands achieved extensive accomplishments and
milestones throughout 2014, including:
- Hilton HHonors surpassed 44
million members, who continue to account for more than half of all
system room nights.
- Waldorf Astoria Hotels &
Resorts broke ground on a new property in Beverly Hills and
introduced its iconic luxury service to Amsterdam, adding to its
portfolio of 26 hotels around the world.
- Conrad Hotels & Resorts
welcomed guests to the Conrad London St. James, adding to its
portfolio of 24 hotels. The brand also enhanced its award-winning
Conrad Concierge mobile app with the new and intuitive Conrad
Meetings, giving meeting and event planners the ability to research
hotel capabilities across all Conrad properties from their mobile
devices.
- Hilton Hotels & Resorts
celebrated its 50th property opening in China, entered Myanmar by
opening two hotels within three months and expanded its presence in
Makkah in Saudi Arabia.
- Doubletree by Hilton opened its
400th property, celebrated its 350 millionth cookie milestone of
its signature chocolate chip cookie and opened its 10th hotel in
London.
- Embassy Suites Hotels celebrated
its 30th anniversary and approved almost 20 new properties, a first
for the all-suites leader. The brand also debuted a new hotel in
Santo Domingo, its first property in the Dominican Republic.
- Hilton Garden Inn expanded into
China with the opening of its first hotel in Shenzhen, followed by
an additional opening in Lijiang City. In addition, the brand is
taking an innovative design approach for upcoming projects in
Africa with the introduction of a new modular hotel build
solution.
- Hampton by Hilton was named
number one on Entrepreneur magazine's 36th annual
Franchise 500® list for the fourth time in five years,
achieved the milestone of 2,000 hotels worldwide, established a
presence in all 50 states in the U.S. with the signing of a deal to
build a hotel in Oahu, Hawaii and opened nearly 10,000 rooms
globally.
- Homewood Suites by Hilton opened
its 350th hotel and welcomed guests at its first hotel in
Manhattan.
- Home2 Suites approved nearly 100
new projects, grew its pipeline by 67 percent and opened its second
international location in Canada. Home2 Suites now has 210 hotels
and 21,697 rooms opened or in the pipeline.
- Hilton Grand Vacations broke
ground on a new 418-unit vacation ownership tower at Hilton
Hawaiian Village Waikiki Beach Resort, slated for completion in
2017. More than 80 percent of HGV’s six years of interval inventory
represents capital-light, fee-for-service agreements.
Commitment to Team Members & Communities
Hilton Worldwide approaches growth opportunities in a
responsible and sustainable way as part of its corporate
responsibility program, Travel with Purpose. In 2014, the company
achieved ISO 50001 certification for energy management across its
entire portfolio of hotels, banned the use of sharkfin globally and
committed to impacting the lives of one million young people by
2019.
Additional initiatives in 2014 which strengthened the
communities where Hilton Worldwide and its Team Members live, work
and travel include:
- Global Week of Service: The
company’s Global Week of Service united Team Members and franchise
partners in 86 countries who joined together to participate in more
than 3,500 projects designed to address social, economic and
environmental needs.
- Global Youth Wellbeing Index:
Partnering with the Center for Strategic and International Studies
and the International Youth Foundation, Hilton Worldwide introduced
an impactful new tool, The Global Youth Wellbeing Index, which
examines the quality of life for youth in 30 countries. This
first-of-its-kind Index meets the need for better youth-related
data to assess how young people are faring around the world.
- Operation: Opportunity: Hilton
Worldwide advanced Operation: Opportunity, its initiative to hire
10,000 veterans, military spouses and dependents by 2018. More than
3,300 veterans across the United States have joined the company at
all job levels since the program launched in 2013.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. You can identify these forward-looking statements by the
use of words such as "outlook," "believes," "expects," "potential,"
"continues," "may," "will," "should," "could," "seeks," "projects,"
"predicts," "intends," "plans," "estimates," "anticipates" or the
negative version of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties, including those described under the section entitled
"Part I—Item 1A. Risk Factors" of the Annual Report on Form 10-K
for the fiscal year ended December 31, 2013, filed with the
Securities and Exchange Commission ("SEC"), as such factors may be
updated from time to time in Hilton's periodic filings with the
SEC, which are accessible on the SEC's website at www.sec.gov.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are included in this release and
in Hilton's filings with the SEC. The Company undertakes no
obligation to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as required by law.
About Hilton Worldwide
Hilton Worldwide (NYSE:HLT) is a leading global hospitality
company, spanning the lodging sector from luxury and full-service
hotels and resorts to extended-stay suites and focused-service
hotels. For 95 years, Hilton Worldwide has been dedicated to
continuing its tradition of providing exceptional guest
experiences. The company's portfolio of twelve world-class global
brands is comprised of more than 4,300 managed, franchised, owned
and leased hotels and timeshare properties, with more than 715,000
rooms in 94 countries and territories, including Hilton Hotels
& Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels
& Resorts, Canopy by Hilton, Curio - A Collection by Hilton,
DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn,
Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton
and Hilton Grand Vacations. The company also manages an
award-winning customer loyalty program, Hilton HHonors®. Visit
news.hiltonworldwide.com for more information and connect with
Hilton Worldwide at www.facebook.com/hiltonworldwide,
www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide,
www.flickr.com/hiltonworldwide, and
www.linkedin.com/company/hilton-worldwide.
1 Smith Travel Research, Global New Development Pipeline,
December 2014; STR, Global Census, January 2015 2 Smith Travel
Research, Global Census, January 2015 and January 2014 3 Smith
Travel Research, Global New Development Pipeline, December 2014;
STR, Global Census, January 2015 4 Smith Travel Research, Global
New Development Pipeline, December 2014 5 Public company filings as
of Q3 2014 6 Smith Travel Research, Global New Development
Pipeline, December 2014
Hilton WorldwideLindsey Daniels,
703-883-5986lindsey.daniels@hilton.com
Hilton Worldwide Holdings Inc. (NYSE:HLT.WI)
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