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:
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Number 1 in rooms in supply
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Number 1 in rooms under construction
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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:
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Approved more than 500 deals representing more than 80,000 rooms with
no portfolio acquisitions or major investments.
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Approved more than one deal per day in the Americas.
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Increased its U.S. pipeline by nearly 30 percent to nearly 100,000
total rooms, and opened its 100th hotel in Canada.
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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.
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Expanded its pipeline in the Middle East and Africa by more than 20
percent to nearly 25,000 total rooms.
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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:
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Hilton HHonors surpassed 44 million members, who continue to
account for more than half of all system room nights.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Homewood Suites by Hilton opened its 350th hotel and
welcomed guests at its first hotel in Manhattan.
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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.
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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:
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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.
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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.
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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.
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Smith Travel Research, Global New Development Pipeline, December
2014; STR, Global Census, January 2015
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2
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Smith Travel Research, Global Census, January 2015 and January 2014
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3
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Smith Travel Research, Global New Development Pipeline, December
2014; STR, Global Census, January 2015
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4
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Smith Travel Research, Global New Development Pipeline, December 2014
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5
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Public company filings as of Q3 2014
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Smith Travel Research, Global New Development Pipeline, December 2014
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