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Hilton (H) Continues to Expand Presence Despite Pandemic Zacks.com 12/16/2020
Although the hotel industry has been bearing the brunt of the coronavirus pandemic,
Hilton Worldwide Holdings Inc. HLT continues to expand footprint worldwide. Notably, the company recently opened its 300th hotel in China market. Notably, China is the company’s single largest market outside the United States.
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The company is planning to open 1,000 hotels in China by 2025. Hilton is the fastest growing company in Asia. The company currently has 10 out of Hilton s 18 brands in China. The company has “1 in 5 rooms under construction in Asia Pacific, and 1 in 3 in China, carrying the Hilton flag a huge leap from just 100 properties three years ago.”