Hilton Worldwide Holdings Inc., formerly Hilton Hotels Corporation, is an American multinational hospitality company that manages and franchises a broad portfolio of hotels and resorts. Founded by Conrad Hilton in 1919, the corporation is now led by Christopher J. Nassetta.
Hilton is headquartered in Tysons Corner, Virginia. As of September 2018, its portfolio includes more than 5,500 properties (including timeshare properties) with over 894,000 rooms in 109 countries and territories. Prior to their December 2013 IPO, Hilton was ranked as the 36th largest privately held company in the United States by Forbes.
Hilton has 15 brands across different market segments, including Conrad Hotels & Resorts, Canopy by Hilton, Curio – A Collection by Hilton, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, Waldorf Astoria Hotels & Resorts, Tru by Hilton, Tapestry Collection by Hilton, and Motto by Hilton.
On December 12, 2013, Hilton again became a public company, raising an estimated $2.35 billion in its second IPO. At the time, The Blackstone Group held a 45.8 percent stake in the company. In October 2016, HNA Group agreed to acquire a 25 percent equity interest in Hilton from Blackstone. The transaction was expected to close in the first quarter of 2017. Hilton’s largest stockholders are HNA Group, Blackstone, and Wellington Management Group, which own 25%, 15.2%, and 6.7% of Hilton common stock respectively.
Hilton was founded by Conrad Hilton in Cisco, Texas, in 1919 and had its headquarters in Beverly Hills, California, from 1969 until 2009. In August 2009, the company moved to Tysons Corner, unincorporated Fairfax County, Virginia, near McLean.
Industry | Hospitality |
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Founded | May 31, 1919; 99 years ago in Cisco, Texas, United States (as Hilton Hotels Corporation) |
Founder | Conrad Hilton |
Headquarters | Tysons Corner, Virginia, United States |
Related Corporations: | Amazon, Netflix, Nike, Facebook, Google, Apple, IBM, Microsoft, Disney, Twitter, Samsung, Toshiba, Dell, Linkedln, eBay, Marriott, Kodak, Nokia, YouTube, Xiaomi, Miele, Ritz Carlton, Four Seasons, Intel, Philip Morris, Motorola |
SWOT analysis of Hilton hotel Strengths • Hilton Hotel Corporation (HHC) is a well established organization and industry leader in the hotel, hospitality and gaming industry • HHC is well diversified across the industry with hotels in the high end, business and mid-priced classes in their product mix • HHC also possesses solid integration features […]
What is the currency being used by Hilton HHonors and how much is the currency worth from Hilton HHonors’ perspective? From the consumer’s perspective? Hilton HHonors is a program run by Hilton Hotel Corporation and Hilton International. The currency used by Hilton HHonors is points earned from this loyalty program in order to reward loyal […]
Brian Lowe Case: Hilton 1. If the company had dropped product 103 as of January 1, 2004, what effect would the action have had on the $158,000 for the first six months of 2004? The variable costs associated with product 103 will go away when the product line is eliminated. However, the fixed costs will […]
Strengths. Hilton hotel has many hotels’ brands distributed all over the world. It has more than three thousand seven hundred and fifty hotels in eighty four countries worldwide. They include “Waldorf Astoria Hotels and Resorts, Conrad Hotels and Resorts, Hilton, Doubletree, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn and Suites Hotels, Homewood Suites by […]
Hilton hotel is a global hospitality company with more than five hundred hotels and resorts in seventy eight countries in six continents. It has lodgings ranging from luxurious full-service hotels and resorts to extended-stay suites and mid-sized hotels (Hilton Worldwide, 2012). The hotel was the first to develop the concept of franchising hotels. It has […]
Price elasticity, demand and revenue Before starting to talk about price elasticity, demand. Venue and the relations between them, it is necessary to explain the definition of each of them. According to Boston (2014: presentation) price can be inelastic or elastic, so inelastic means that a 1 % change in the price of a good […]
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