Hilton Reports ‘Strong’ Results for 2019

By Jesse Sokolow on 11 February 2020
  • Share

Hilton Worldwide announced financial results for the fourth quarter and calendar year of 2019.

“We delivered strong bottom-line results for the fourth quarter and full year,” said Christopher J. Nassetta, the company’s CEO. Net income for the quarter was $176 million, and $886 million for the calendar year.

In January 2020, Hilton introduced a new brand, Tempo, calling it “an elevated and approachable” lifestyle brand.

Hilton opened in 2019 nearly 470 new hotels representing 65,100 rooms.  Overall it achieved net unit growth of 58,300 rooms , a 6.6% year-over-year increase.  Hilton expanded to six new countries and territories and opened its 6,000th hotel.

The hotelier also added several notable properties to its system, including the Conrad Hangzhou Tonglu in China and the Zemi Beach House, LXR in Anguilla.

(Photo: Accura Media Group)

Accura News

Read previous post:
Avis Budget Appoints New Chairman

Avis Budget Group announced the appointment of Bernardo Hees to the company’s board of directors on Monday.  Mr. Hees was...