This summer, Hilton opened more hotels than they've ever opened in a three-month period. When you subtract the hotels they lost, it grew its hotel count by 7.8%, also a record.
Hilton said its revenue growth won't quite reach forecasted heights this year because demand is softening (not cratering). The news arrived like room service: slightly delayed and not quite what was hoped for.
In an interview, Hilton CEO Chris Nassetta spoke about sticking to Hilton's "core competencies" with traditional lodging and not expanding into cruises and vacation rentals like rivals have.
Want to be trendy? Book a separate-bed, soft adventure trip with your fave colleague that involves some hard-to-get dinner reservations and a side of outdoor recreation.
Goldman Sachs is cautiously optimistic about the lodging sector, with Buy ratings on Hilton, Wyndham, and Marriott, while holding Neutral or Sell ratings on others, especially in the timeshare segment.
Today's podcast looks at the most influential people in the travel industry, who comes out on top of Marriott and Hilton's portfolio growth battle, and Expedia Group's defense of B2B.
Truist reports slight downward revisions in U.S. hotel booking and pricing trends for 3Q and 4Q, with modest growth expected in 2025, but no signs of a sudden pullback or near-term upside for RevPAR.
Marriott has proudly opened its 9,000th property. Hilton has debuted its 8,000th. We put these milestones into perspective by creating a five-year growth scorecard for all the major hotel groups.
Hilton plans to significantly expand its luxury hotel portfolio in Asia Pacific, aiming to surpass 150 properties by partnering with Small Luxury Hotels of the World and introducing new luxury brands to the market.