Hilton Hotels

Hotel operators have been building diverse property portfolios in India, investing heavily in midsize properties that cater to price-conscious, middle-income consumers

Travel demand in the US has been facing challenges since the beginning of the year as Americans remain wary of depleting savings and rising credit card debt

Global hospitality major Hilton on Wednesday said it plans to cross 150 luxury hotels in the Asia Pacific region in the coming years, driven by new openings including India. The company, which plans to quadruple its luxury portfolio across the region compared with the end of 2023, is seeking to tap the rising luxury travel trend and a desire among customers to better understand their heritage through travel. "From Tokyo to Maldives, Shanghai to Jaipur '? the luxury segment is growing exponentially and Hilton's luxury brands are poised to capture the significant opportunity across the region," Hilton Asia Pacific President Alan Watts said in a statement. The company said the addition of properties, such as Lanson Place Causeway Bay Hong Kong and Gangtey Lodge, Bhutan from Small Luxury Hotels of the World, Hilton's luxury pipeline in Asia Pacific continues to gain momentum. Recent signings, including Waldorf Astoria Jaipur and Conrad Jaipur in India, and Conrad Yokohama in Japan, ...

The company forecast annual adjusted profit of between $6.89 and $7.03 per share, up from the previous range of $6.80 to $6.94 per share

'It feels a little bit like China did 10 years ago and we expect this momentum to continue this year as well'

Zubin Saxena will take charge in January 2024; he was previously working at the Radisson Hotel Group for over eight years

The company's revenue per available room, or RevPAR, an important metric in the hospitality industry, rose about 12% in the quarter from a year earlier

'We run a 116 per cent RevPAR index globally, which means we drive a 16 per cent premium to our competitors'

After two failed partnerships, the 102-year-old international hospitality chain hopes to expand its presence in the country

Hilton has a portfolio of about fourteen brands globally but only five are now present in India