Announces Extensive Accomplishments in 2011 and Plans to Open Over 860 Hotels
Hilton Worldwide has become the fastest growing major hotel company, expanding its portfolio by 29 percent since June 2007 and surpassing its competitors in total rate of room growth.During this time, Hilton Worldwide has also added more than 950 hotels to its total global footprint and created a pipeline of over 860 hotels, among several other successes. In 2011, Hilton Worldwide opened a total of 170 hotels and gained supply share in each of its global regions. In the United States, Hilton Worldwide has over 10 percent of the room supply market share, the largest in the country, as well as over 18 percent of the active industry room pipeline in the planning to construction phases."In recent years Hilton Worldwide has thrived by successfully navigating a number of challenging macroeconomic factors and pursuing an aggressive global growth strategy," said Christopher J. Nassetta, President and Chief Executive Officer, Hilton Worldwide. "Our momentum will continue with one of the largest pipelines in our history and in the industry."
Development Success
Last year marked several development-related milestones for Hilton Worldwide, including:
-- Opening 170 hotels, with more than 29,400 rooms, and signing management or franchise agreements on more than 320 hotels, with over 62,000 rooms.
-- Surpassing 633,000 hotel and timeshare rooms globally, while maintaining its position as the largest hospitality company in the U.S. by number of rooms.
-- Achieving the largest global room pipeline in company history, with a current total of nearly 150,000 rooms: -- The company's rooms under construction in emerging markets have grown from 6 percent in June 2007 to 66 percent.
-- Expansion plans in Latin America are the strongest in the company's history, with the portfolio expected to reach 50 hotels by the end of 2013.
-- In Europe the company has the largest active pipeline of any hotel company in the region, with over 20,000 rooms in 117 properties.
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Source: Hiltonworldwide.com |
