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Hilton Group grows APAC portfolio to over 800 trading hotels

By Nicholas Lam

/ EdgeProp Singapore |

April 25, 2024 6:00 AM SGT

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Global hospitality company, Hilton Worldwide Holdings, opened 43 more properties in Asia Pacific (APAC) in 1Q2024, pushing their presence in the region to 801 properties under management. This is in line with their goal of managing over 1,000 hotels in APAC by 2025.

An additional 892 hotels are in the pipeline, representing 161,295 potential new rooms. It is 93.8% of their current stock of 171,888 rooms.

The region saw a 7.9% growth in revenue per available room (RevPAR) and an increase of 1.3% in occupancy rates to 65.2%. APAC’s growth in RevPAR exceeded the global average of 2% over the same period, says Hilton in its 1Q2023 financial results released on April 24.

Read also: Hilton RevPAR up 41.6% y-o-y in 4Q2023, with biggest hotel pipeline in APAC this year

APAC’s strong performance was attributed to a continued rise in tourism and international arrivals. Hilton’s hotels in Southeast Asia and Japan attracted increased travel from Chinese travellers, while their properties in Singapore and Australia benefitted from major international music acts.

Over the quarter, Hilton opened its first La Festa Phu Quoc, Curio Collection by Hilton and Hilton Saigon in Vietnam. DoubleTree by Hilton Bengaluru Whitefield marked Hilton’s sixth hotel in India’s Silicon Valley. A further 41 hotels were signed in the quarter, including four Conrad Hotels & Resorts.

In early April, Hilton announced its acquisition of a majority controlling interest in Sydell Group to expand the NoMad Hotels brand in the high-end market.

The Middle East & Africa was the best-performing region for the group so far this year. It recorded a 14.8% growth in RevPAR and a 2.4% increase in occupancy rates to 73.9%, the highest globally.

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