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Share Name | Share Symbol | Market | Type |
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Hilton Worldwide Holdings Inc. | NYSE:HLT.WI | NYSE | Common Stock |
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0.00 | 0.00% | 0 | - |
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:
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:
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:
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:
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
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