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Hilton President and CEO Chris Nassetta and Hilton team members ring the Opening Bell of the New York Stock Exchange on Thursday, Dec. 7, 2023, to commemorate a decade of fast-paced growth. (Photo Credit: NYSE) -
Total shareholder returns have outperformed industry averages, and the company has more than doubled its brand portfolio. With its largest development pipeline in history, Hilton is well‑positioned for future growth.
MCLEAN, VA. – Hilton marked a decade of fast-paced growth since its initial public offering (IPO) on the New York Stock Exchange on Dec. 11, 2013. Over the last 10 years, the more than century-old company has nearly doubled its global property and room count, more than doubled its brand portfolio, more than quadrupled the number of Hilton Honors members worldwide, and delivered total shareholder returns of approximately 330%* -outperforming major indices and industry averages- and was recently named the No. 1 World’s Best Workplace by Great Place to Work.
After becoming the first hotel company listed on the New York Stock Exchange in 1946, Hilton was acquired by Blackstone Inc. in 2007, before becoming a public company again in 2013.
“The IPO was an important milestone in our company’s history,” said Kevin Jacobs, chief financial officer and president, global development, Hilton. “It signified the success of our roughly six-year transformation under Blackstone’s ownership as well as the beginning of a new era of growth and innovation for Hilton.”
Since the IPO, Hilton has delivered total shareholder returns of approximately 330%, outperforming the Dow Jones Index and S&P Index returns of roughly 185% and 210% respectively*. Hilton has also delivered total shareholder returns at more than double the S&P 500 Hotels, Resorts & Cruises average of approximately 150%*.
“Over the last decade, we have enhanced the resiliency of our model with the spin-offs of our timeshare business and the majority of our real estate, creating a capital-light, fee-based business,” Jacobs said. “We have also continued to strengthen our balance sheet and the power of our network effect. Our award-winning brands, satisfied owners, loyal guests, and a leading development pipeline continue to power Hilton’s performance.”
Today, the company’s expansive footprint of 22 brands and 7,400 properties is serving more guests than ever before, with nearly 200 million travelers staying at Hilton-branded hotels in 2022. Hilton Honors – the fastest-growing hotel loyalty program – has added more than 130 million members in 10 years to total more than 173 million members as of the third quarter. Additionally, nearly 90% of Hilton’s properties are franchised, allowing the company to continue to expand and diversify its ownership base.
Nassetta credits Hilton’s award-winning culture for the transformation. “From day one, our focus has always been culture first,” Nassetta said. “When you empower dedicated, hospitable and passionate people, amazing things can happen. Our team members are at the very core of Hilton’s success.”
Hilton was recently named the No. 1 World’s Best Workplace by Fortune and Great Place to Work, following eight consecutive years on the top 100 list. In 2023, Hilton was also named the Best Workplace for Women in the U.S. and the No. 1 Best Workplace in multiple countries, including Argentina, Austria, China, Dominican Republic, France, India, Italy, Peru, Portugal, Switzerland and Uruguay. In total, Hilton has been recognized on more than 450 Great Place to Work lists since 2016.
Hilton has also more than doubled its development pipeline since 2013, supported by strategic expansion into more than 30 new countries and territories. Today, Hilton has the largest pipeline of future hotel development in its history and more rooms under construction than any other hotel company. With 20% of all rooms under construction slated to be Hilton brands, the company’s under-construction market share is nearly four times the market share of existing supply.
“Hilton’s development pipeline is robust, laying out a remarkable path for our growth in the future,” Jacobs said. “Our next era of growth will be defined by Hilton’s ability to continue delivering reliable and friendly stay experiences, innovating to meet travelers’ evolving needs, and growing strategically to serve even more guests as they seek new travel experiences around the world.”
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Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
