hilton hotels
Hilton Reports 2023 First Quarter Results; Raises Full Year Outlook
Hilton | April 26, 2023
MCLEAN, VA - Hilton Worldwide Holdings Inc. ("Hilton" or the "Company") (NYSE: HLT) today reported its first quarter 2023 results. Highlights include: Diluted EPS was $0.77 for the first quarter, and diluted EPS, adjusted for special items, was $1.24 Net income was $209 million for the first quarter Adjusted EBITDA was $641 million for the first quarter System-wide comparable RevPAR increased 30.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2022 System-wide comparable RevPAR increased 8.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2...
Hilton Introduces First Global Brand Platform “Hilton. For the Stay” Putting the Hotels Back Into Hotel Marketing
Hilton | July 25, 2022
MCLEAN, Va. – Hilton is shaking up hotel marketing and advertising with the announcement of its first global brand platform that identifies what has been missing from hotel marketing – the hotel stay. ”Hilton. For the Stay” places the hotel front and center, elevating the role and importance of the stay at a time when lodging advertising is a sea of sameness, featuring overused destinations, cliché walks on the beach and generic descriptions of travel. Hilton is debuting “It Matters Where You Stay,” a new advertising campaign to introduce the platform, using humor to push against some of the common but unspoken pitfalls o...
MCR Acquires a Portfolio of 6 Marriott and Hilton Hotels Across Texas and New Mexico
MCR | December 21, 2021
NEW YORK - December 21, 2021 - Say cheese! MCR — the country’s 4th-largest hotel owner-operator — has acquired a portfolio of six premium-branded hotels in Texas and New Mexico, known as “smile states” for their location and fast-growing markets. Totaling 603 rooms, the acquisition includes two Marriott hotels (a TownePlace Suites and a Fairfield Inn & Suites) and four Hilton hotels (two Hamptons, a Home2 Suites and a Tru). All were built in the last four years and nearly 40% of the portfolio (by room count) is specifically an extended stay, all-suite product designed to cater to longer-term guests. Five hotels are in the ...
Raleigh to Experience a 9% Increase in Hotel Room Supply Over the Next 12 Months
Hotel Market Data | August 9, 2021
BuildCentral’s Hotel Market Data (HMD) Index indicates over 1,600 new hotel rooms under construction to become available in the Raleigh region by the end of Q3 2022. Chicago, IL – August 9, 2021 – Raleigh, North Carolina anticipates a 9.18% increase in the supply of hotel rooms by the end of the third quarter of 2022. The total supply will increase from the 18,474 currently available to over 20,169 available rooms as 6 hotels are slated to open in the Raleigh region over the next 12 months. According to the HMD Index, which provides real-time room supply and construction pipeline data for the US hotel industry, the supply ...
Nobody Asked Me, But… No. 234: Curt R. Strand, President, Hilton International
Stanley Turkel | July 21, 2020
by Stanley Turkel, CMHS Hotel History: Curt R. Strand (1920-2020) On July 12, 2020, I received the following email: “Dear Friends of Curt, With a broken heart, I am telling you that Curt passed away last night in his home. He was, as you would expect gallant till the end. Love, Barbara Lynn”. In 1948, Conrad Hilton formed Hilton Hotels International. One of the first employees was Curt R. Strand who wrote in the Cornell Hotel and Restaurant Administration Quarterly June 1996*: “Hilton International started small in 1947, but I was endowed with a great asset. It is a wise parent who does not bestow money on his children, just in...
Airbnb and Revenue Management: Hotels Still Maintain Upper Hand
University of Houston | February 26, 2018
by Jeanine Panzica We all know Airbnb is great for travelers, and within that statement are countless illustrations and some one-ups over hotels. Who doesn't love personal amenities left by actual home/apartment owners, even if it is a cat? Ultimately, Airbnb can insert a traveler into their destination in ways a hotel cannot and all for a relatively agreeable price. But when asked if the hotel industry is under threat of Airbnb, the answer is no. A plus for travelers, the bulk of the cost of an Airbnb stay is set by the host, they oversee nightly price, cleaning fees, and have discrepancy over extra guest and other fees. This limits th...
