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Search resuls for: "Hilton Worldwide Holdings"


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Spark by Hilton, a premium-economy-price tier brand announced in January, allows hotel owners to convert their properties for roughly $20,000 to $25,000 a room. Hilton Worldwide Holdings Inc. and other big hotel companies are intensifying efforts to recruit properties from competing brands, a way to maintain growth as new hotel construction slows. Spark by Hilton is the company’s 19th brand, but it is the first one that was built to be a pure conversion vehicle with a consistent look and design at every property. The brand is aimed primarily at bringing independent and rival properties into the Hilton system, said Matt Schuyler , chief brand officer for Hilton.
The job taught Nassetta, the 60-year-old CEO of Hilton Worldwide — a multinational hospitality company with a $38.86 billion market capitalization, as of Tuesday morning — more than just how hotels operate, he says. "Young people have so much access and information to knowledge, but you don't want to confuse that with experience." In contrast, some of his friends spent their 20s and 30s rising through the career ranks to powerful positions — and quickly flaming out, he says. On finding help in unexpected places: 'To this day ... you just don't know what you don't know'I like to think I work hard, I'm well educated, I'm reasonably smart. But even to this day, and certainly when I was in my 20s and 30s trying to figure things out, you just don't know what you don't know.
Hilton Sees a New Golden Age of Travel. Can It Last?
  + stars: | 2022-12-17 | by ( Chip Cutter | ) www.wsj.com   time to read: 1 min
If a recession is looming, Hilton Worldwide Holdings Inc. so far is hardly feeling it. The company’s hotels are busy around the world, as consumers return to in-person experiences, travel restrictions ease and many fulfill a pent-up desire to see new places, says Chris Nassetta , the company’s longtime chief executive officer. People emerged from the pandemic with a new perspective on taking opportunities to get out, he says.
"The market in China is most certainly where we're seeing the most challenges," Chief Executive Anthony Capuano said during an analyst call. Revenue per available room (RevPAR) from Greater China was $64.06 in 2021 company-wide, behind U.S. & Canada and Middle East & Africa. "Looking forward we expect that the recession will mute, but not derail, growth in the U.S. hotel industry. Marriott now expects 2022 adjusted profit per share of between $6.51 and $6.58, compared with its previous forecast of $6.33 to $6.59 per share. Adjusted profit per share was $1.69, one cent above expectations.
SCOTTSDALE, Ariz.—Your next hotel workout might remind you of those at-home gyms we all hastily set up during Covid lockdowns—minus the cramped quarters, mismatched weight sets and kids clamoring for attention. With business and vacation travel bouncing back, Hyatt Hotels Corp., Hilton Worldwide Holdings Inc. and other chains are betting that travelers want hotels that help them take their pandemic-inspired fitness routines on the road. More hotels are bragging about their Peloton bikes and private exercise suites to lure travelers with the hope that they might actually work out on their next trip.
Hotels Pitch Peloton Bikes, Private Gyms to Lure Guests
  + stars: | 2022-11-02 | by ( Dawn Gilbertson | ) www.wsj.com   time to read: 1 min
SCOTTSDALE, Ariz.—Your next hotel workout might remind you of those at-home gyms we all hastily set up during Covid-19 lockdowns—minus the cramped quarters, mismatched weight sets and kids clamoring for attention. With business and vacation travel bouncing back, Hyatt Hotels Corp., Hilton Worldwide Holdings Inc. and other chains are betting that travelers want hotels that help them take their pandemic-inspired fitness routines on the road. More hotels are bragging about their Peloton bikes and private exercise suites to lure travelers with the hope that they might actually work out on their next trip.
Hilton Worldwide Holdings Inc. has tapped a major development project in Manhattan’s Times Square to debut a boutique hotel brand, another sign the entertainment district is bouncing back after languishing for much of the pandemic. The hotel, which will be the first under the new Tempo by Hilton flag, will feature 661 rooms when it opens next year. It is part of TSX Broadway, a $2.5 billion, 550,000-square-foot tower located next to Times Square’s red bleachers and the TKTS discount-tickets booth.
The CEO of Accor, Europe's top hotel chain, said he's hiring workers without experience or résumés. Sebastien Bazin said some Accor hotels were limiting restaurant hours because of staff shortages. Hospitality workers have been quitting their jobs over wages, benefits, and working conditions. It means some hotels have been forced to widen their candidate pools — with Accor, Europe's largest hotel chain, turning to workers without experience or even résumés. Some days, Accor hotels have been forced to stop serving lunch or even completely close their restaurants because they don't have enough staff, Bazin said.
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