Hilton Worldwide achieves annual revpar increase of 7.1%
Hilton Worldwide achieved a global increase in revpar (revenue per available room) last year of 7.1%, according to its full-year results for 2014.
Meanwhile, EBITDA figures for the first full year after the company went public in December 2013 were up 13.5% to $2,508m (£1,624m). Net income paid out to Hilton Worldwide shareholders was $673m (£269m) for 2014, compared to $415m (£269m) for the previous year.
Christopher Nassetta, president and chief executive of Hilton Worldwide, said the company had been able to increase its payout to shareholders by reducing its long-term debt by $1b (£0.65b) during 2014.
"Our distinct, world-class brands continue to deliver accelerating growth, with 40,000 new rooms opening during 2014. Even with openings increasing, we continue to expand our industry-leading global pipeline, which consists of approximately 230,000 rooms, the majority of which are under construction."
Nassetta added that Hilton Worldwide's pipeline will continue to expand through the addition of two new brands launched in 2014: the lifestyle Canopy brand with a strong focus on locality and Curio, a collection of independent hotels.
The forecast for global revpar increase during 2015 has been set at between five and seven per cent.
Hilton Worldwide is currently made up of 4,322 managed, franchised, owned and leasehold hotels and timeshare properties in 94 countries under 12 brands, which include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Hilton Garden Inn and Hampton Hotels.
