MCLEAN, Virginia—In a yr when Hilton introduced new partnerships and acquisitions and developed inns worldwide, the corporate set information for development. Hilton added 973 inns and almost 100,000 rooms in 2024, the one greatest enhance in rooms in Hilton’s greater than 100-year historical past, reaching web unit development of seven.3 %.
Hilton additionally strengthened its improvement pipeline, signing greater than 1,430 inns representing 154,000 rooms in 2024. The corporate’s pipeline now stands at roughly 3,600 inns totaling greater than 498,500 rooms, a year-over-year enhance of 8 % in pipeline rooms.
In 2024, development began on 88,500 rooms, excluding acquisitions and partnerships, the best degree of development begins in Hilton’s historical past. Hilton continues to have extra new rooms underneath development with roughly one in each 5 resort rooms underneath development globally slated to affix the corporate’s portfolio.
“We’re extremely happy with our development final yr, pushed by the efficiency of our manufacturers and our crew’s dedication to delivering the perfect stays for our company and spectacular returns for homeowners,” stated Chris Nassetta, president and CEO, Hilton. “Given the energy of our industrial engines, household of manufacturers, and international community, we proceed to be ok with our development this yr. Our improvement pipeline and development begins are strengthening around the globe, and demand for journey stays sturdy, resulting in elevated confidence in our expectations for web unit development of 6-7 % in 2025.”
Hilton’s development has been supported by a lot of international milestones:
- Life-style manufacturers Graduate by Hilton and NoMad joined Hilton’s portfolio within the spring of 2024, increasing Hilton’s improvement alternatives in college communities and rising markets around the globe.
- The launch of an unique partnership with Small Luxurious Lodges of the World (SLH) added lots of of unbiased inns to Hilton’s luxurious portfolio, which continues to be anchored by the Waldorf Astoria Lodges & Resorts, Conrad Lodges & Resorts, LXR Lodges & Resorts, and Signia by Hilton manufacturers. With greater than 500 inns worldwide, Hilton’s luxurious portfolio has extra marquee openings slated for this yr together with Waldorf Astoria New York, Waldorf Astoria Costa Rica Punta Cacique, Waldorf Astoria Shanghai Qiantan, Waldorf Astoria Osaka, Waldorf Astoria Morocco Rabat Sale, Conrad Hamburg, Conrad Athens, and Signia by Hilton Amman.
- Spark by Hilton opened its first resort in September 2023 and has now surpassed 100 buying and selling inns, together with areas in the UK, Canada, and Austria, with plans to additional increase the model in new markets around the globe.
- Lengthy-stay model LivSmart Studios by Hilton, launched in 2024, expects to open its first resort this summer season in Kokomo, Indiana, with lots of extra in varied levels of negotiation.
“Our diversified and strategic strategy to improvement continues to generate sturdy development, bringing us nearer to our aim of serving any visitor, for any keep event, anyplace on the earth,” stated Kevin Jacobs, CFO and president, international improvement, Hilton. “Signings and development begins elevated meaningfully in 2024, giving us nice momentum heading into the brand new yr. With roughly half 1,000,000 rooms in our improvement pipeline, coupled with favorable provide and demand fundamentals extra broadly and a rising international center class, we’re assured in our means to ship sustained development in 2025 and past.”
Hilton has greater than 8,400 properties buying and selling worldwide. The corporate debuted its manufacturers in a number of new markets in 2024, together with Paraguay, Nepal, and Bonaire, bringing the whole variety of international locations and territories the place Hilton operates to 140. Hilton additionally welcomed greater than 224 million company to its properties final yr, greater than any yr in its historical past.
