ASIA PACIFIC | Hilton has reached a company milestone, having opened 1000 trading hotels in the Asia Pacific region, ahead of its goal.
Hilton has announced that following a record year of growth, the company has reached 1,000 trading hotels in Asia Pacific, up from 761 at the end of 2023 and ahead of its goal of 1,000 trading hotels by 2025.
In the past five years, Hilton has grown its estate by a CAGR of almost 25 percent as the rising middle class in Asia Pacific seeks out travel and experiences. With a pipeline of 915 hotels in various stages of development, Hilton is now on course to double its overall portfolio in the coming years.
“Hilton’s rapid expansion across Asia Pacific is underpinned by rising customer demand for our brands and appetite for unique travel experiences at every price point,” said Alan Watts, president, Asia Pacific, Hilton.
“New openings in gateway cities, key transport hubs and Asia’s sought-after resorts are unlocking fresh opportunities for the region’s travellers and pave the way for continued momentum in the years to come.”
New openings across the portfolio contributed to the 1,000 milestone, including Hilton Shanghai City Center, Hilton Gurugram Baani City Centre, Canopy by Hilton Osaka Umeda, The Motley Hotel Richmond, Tapestry Collection by Hilton and Hilton Garden Inn Bangkok Riverside.
“Despite Hilton’s significant growth, there remain many new opportunities for development as demand continues to outstrip supply for hospitality in Asia Pacific,” said Clarence Tan, senior vice president, Development, Asia Pacific, Hilton.
“We are focused on bringing the right brands to the right places at the right time. We see demand continuing to grow from the mid-market to luxury and we will continue to bring new hotels to market that cater to different price points and stay occasions.”
Looking ahead, Hilton is on track to more than double its portfolio of 500 mid-market hotels today, with focused service brands such as Hampton by Hilton and Hilton Garden Inn expanding across the region. Its luxury estate is set to grow to 150 hotels in the coming years, quadrupling its current size. Alongside its operating and upcoming Waldorf Astoria, Conrad and LXR-branded hotels, Hilton has also entered into an exclusive partnership with Small Luxury Hotels of the World, adding more unique properties to its Asia Pacific portfolio and complementing its existing luxury offerings. In addition, the company’s full-service brands, the flagship Hilton Hotels & Resorts and DoubleTree by Hilton Hotels, are on track to grow by another 160 hotels in the coming years. Three-quarters of Hilton’s pipeline of 915 hotels is already under construction, leading the industry in pipeline hotels under construction.
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