Hilton plans to expand footprint in India amid boom in leisure travel demand [Yahoo! Finance Canada]
Hilton Worldwide Holdings Inc. (HLT)
Last hilton worldwide holdings inc. earnings: 2/11 06:00 am
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Source: Yahoo! Finance Canada
BENGALURU (Reuters) - Hilton Worldwide expects to quadruple the number of hotel rooms in its India pipeline in the next five years, the company's APAC chief said, as the hotel operator seeks to close the gap with rivals amid a booming domestic travel market. The Virginia-based company currently has 32 hotels in India, compared with InterContinental's 45, Hyatt's 50 and Marriott's 150. Hotel operators have been building diverse property portfolios in India, investing heavily in midsize properties that cater to price-conscious, middle-income consumers, whose appetite for domestic travel has been strong since the end of the pandemic. On Monday, Hilton signed a licensing agreement with India's Embassy Group to open 150 of its Spark brand hotels in the country. For the past decade, Hilton has had a China-first policy, where it launched its brands in China before bringing them to other Asian countries, Alan Watts, president of Hilton's Asia Pacific (APAC) business told Reuters on M
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HLT
Earnings
- 10/23/24 - Beat
HLT
Sec Filings
- 10/25/24 - Form 4
- 10/24/24 - Form 144
- 10/23/24 - Form 10-Q
- HLT's page on the SEC website