Articles tagged “hilton”

A lesson in why not to overbuild: Limited supply gave European hotels a relative edge in holding their value last year compared to the U.S., despite stronger hotel performance in America.

Carbon reduction is gaining importance for stakeholders, and reporting is getting better amongst the largest hotel companies. Skift Research compares the emissions of six global chains to determine which is best positioned to become carbon neutral over the coming decades, and which are falling behind.

Even short-term headwinds in China's hotel recovery from the pandemic isn't deterring global hotel companies from flooding the market with new developments.

The CEOs of some of Marriott's biggest rivals remembered the late Arne Sorenson as a friendly competitor with empathy and mentorship that extended well beyond his own company.

As the hospitality industry pushes ahead on the road to recovery, Hilton remains optimistic about the future, supported by a resilient business model and a strong commercial engine. Continued conversion signings, new development, and extended stay brands are contributing to the expansion of its one million room portfolio.

In Skift's top travel stories this week, we covered Hilton's red ink, the passing of Marriott's Arne Sorenson, Tripadvisor's new subscription plan, hotel openings in Asia, and South Africa's historic equity fund.

Hilton's pandemic recovery plan hinges significantly on companywide cost-cutting and fewer staffers at the property level becoming a permanent way of doing business.

Arne Sorenson was a maverick in his own way. He quietly visited Airbnb headquarters in 2014 to get a better understanding of short-term rentals, which culminated in Marriott's Homes & Villas. And he found a way to have a mutually beneficial relationship with those "evil" online travel agencies.

A less unsung story than China's growth is how the pandemic has made the rest of Asia-Pacific a gold mine for chains. Opportunities for conversions and franchising appear at their strongest ever. But the best thing? Owners with a new mindset.

In Skift's top travel stories this week, our Megatrends 2025 discussed travel becoming more soulful and a comeback for the hotel industry. In other stories, Norwegian scuttled its long-haul operation, and Hilton ceased making political contributions.