Hilton Bets Big on India: 150 New Hotels Planned Amid Shift From China [Yahoo! Finance]
EVgo Inc. (EVGO)
Company Research
Source: Yahoo! Finance
Operating 32 hotels in India now, Hilton is behind rivals, including InterContinental (IHG) with 45 properties, Hyatt (H) with 50, and Marriott (MAR) with 150. Hilton has concentrated on growing its portfolio to close the difference, especially in the midscale category, which appeals to middle-class, budget-conscious guests. Warning! GuruFocus has detected 3 Warning Signs with EVGO. Hilton revealed on Monday a licensing arrangement with India's Embassy Group to open 150 Spark brand hotels all throughout the nation. Unlike its ten-year China-first approach, Hilton has launched Spark in Asia from India. "It is the first brand in APAC where we started as an India-first launch, citing India's potential and a difficult environment in China," Watts added. With efforts focused beyond China following a 9% decline in third-quarter room revenue despite reduced discretionary travel expenditure in the nation, Hilton CEO Christopher Nassetta recently indicated a change in the company's APAC
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News
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- EVgo Expands Charging Network in Midwest with $1.05 Billion DOE Loan Guarantee [Yahoo! Finance]Yahoo! Finance
- Hilton Bets Big on India: 150 New Hotels Planned Amid Shift From China [Yahoo! Finance]Yahoo! Finance
- EVgo and Meijer Expand Partnership to Install up to 480 New Fast Charging Stalls at Meijer Locations Across Midwest [Yahoo! Finance]Yahoo! Finance
EVGO
Earnings
- 11/12/24 - Miss
EVGO
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 11/12/24 - Form 10-Q
- EVGO's page on the SEC website