🌸 Hilton opens more rooms in fourth quarter than any quarter in its history, achieves record year of signings
Company positioned for accelerated growth in 2024, supported by largest‑ever development pipeline and launch of two new brands.
Hilton (NYSE: HLT) ended 2023 with the strongest development quarter in its history, opening more new rooms than during any other quarter.
The hospitality leader opened 132 hotels and approximately 24,000 rooms between October and December 2023, contributing to full-year openings of 395 hotels and approximately 63,000 rooms to achieve net unit growth of 4.9%.
Hilton also continued to strengthen its development pipeline with record 2023 signings of nearly 1,000 hotels representing 130,000 rooms, up 45% from the prior year and meaningfully ahead of pre-pandemic levels. The company’s pipeline is now the largest in its history with nearly 3,300 hotels, totaling more than 462,000 rooms.
Hilton delivered another year of strong construction starts, up 15% over 2022 and approaching pre-pandemic levels. Hilton now has more new rooms under (...)
Read more about this news on Journal des Palaces
https://lnkd.in/eeKDrRGa
#journaldespalaces #TheHeartofLuxuryHospitality #opening #hotel #project #hotel #hotels
📸 Signia by Hilton Atlanta opening
Photo credit: Hilton Worldwide
James Dunlop Textiles
3moWell done!