Hilton set historic data for progress throughout 2024, a yr throughout which the corporate introduced new strategic partnerships and acquisitions and accelerated resort growth worldwide.

Revealed at this week’s (Jan 28-30) Americas Lodging Funding Summit (ALIS) in Los Angeles, California, Hilton added 973 inns and practically 100,000 rooms in 2024, the only largest improve in rooms in Hilton’s greater than 100-year historical past, attaining internet unit progress of seven.3%.

Hilton additionally strengthened its growth pipeline, signing greater than 1,430 inns representing 154,000 rooms in 2024.

The corporate’s pipeline now stands at roughly 3,600 inns totalling greater than 498,500 rooms, a year-over-year improve of 8% in pipeline rooms.

In 2024, development began on 88,500 rooms, excluding acquisitions and partnerships, the very best degree of development begins in Hilton’s historical past.

Hilton continues to have extra new rooms beneath development than some other resort firm with roughly one in each 5 resort rooms beneath development globally slated to hitch the corporate’s portfolio, in response to Hilton CEO and President, Chris Nassetta.

“We’re extremely pleased with our progress final yr, pushed by the efficiency of our manufacturers and our crew’s dedication to delivering the perfect stays for our visitors and spectacular returns for house owners,” he mentioned.

“Given the energy of our business engines, household of manufacturers, and world community, we proceed to be ok with our progress this yr.

“Our growth pipeline and development begins are strengthening world wide, and demand for journey stays sturdy, resulting in elevated confidence in our expectations for internet unit progress of 6-7% in 2025.”

Hilton’s progress has been bolstered by quite a lot of world milestones, assembly visitor demand in new places and market segments for Hilton.

Way of life manufacturers Graduate by Hilton and NoMad joined Hilton’s portfolio in spring 2024, increasing Hilton’s new growth alternatives in college communities and rising luxurious markets world wide.

The launch of an unique partnership with Small Luxurious Resorts of the World (SLH) added a whole bunch of independently minded luxurious inns to Hilton’s luxurious portfolio, which continues to be anchored by the Waldorf Astoria Resorts & Resorts, Conrad Resorts & Resorts, LXR Resorts & Resorts and Signia by Hilton manufacturers.

With greater than 500 inns worldwide, Hilton’s luxurious portfolio is now one of many largest within the business with further marquee openings slated for this yr to incorporate 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, which continues to outline the premium financial system section, opened its first resort in September 2023 and has now surpassed 100 buying and selling inns, together with places within the UK, Canada and Austria, with plans to additional broaden the model in new markets world wide.

Lengthy-stay model LivSmart Studios by Hilton, launched in 2023, expects to open its first resort this summer time in Kokomo, Indiana, with a whole bunch extra in varied levels of negotiation.

“Our diversified and strategic method to growth continues to generate sturdy progress, bringing us nearer to our purpose of serving any visitor, for any keep event, wherever on the planet,” mentioned Hilton CFO and president, world growth, Kevin Jacobs.

“Signings and development begins elevated meaningfully in 2024, giving us nice momentum heading into the brand new yr.

“With roughly half one million rooms in our growth pipeline, coupled with favorable provide and demand fundamentals extra broadly and a rising world center class, we’re assured in our capacity to ship sustained progress 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 full variety of international locations and territories the place Hilton operates to 140.

Hilton additionally welcomed greater than 224 million visitors to its properties final yr, greater than any yr in its historical past.