Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Hilton Worldwide reaches milestone one million bedrooms

29 July 2015 by
Hilton Worldwide reaches milestone one million bedrooms

Hilton Worldwide now has one million bedrooms open or under development across 94 countries.

The landmark figure was revealed during the publication of Hilton Worldwide's second quarter results for 2015, in which the company has raised its full-year 2015 outlook for the second quarter in a row after a strong set of results for the three-month period to 30 June 2015.

The company, which opened 82 hotels during the period, achieved adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) of $777m (£497m), up 15% from $431m between April to June 2014.

Revenue per available room also increased 5.2% during the second quarter on a currency neutral basis, year-on-year.

The positive results mean the company has increased its outlook for the full year to an adjusted EBITDA of between $2,820m (£1,804m)and $2,870m (£1,836m).

During the second quarter, the company approved 24,000 new rooms for development, growing Hilton Worldwide's development pipeline to 1,510 hotels, consisting of more than 250,000 rooms, by the end of the second quarter.

Christopher Nassetta, president and chief executive of Hilton Worldwide, said: "We continue to lead the industry in organic growth with the largest rooms pipeline and largest share of rooms under construction. Including rooms signed this month, we also reached the milestone of having one million rooms open or under development."

Hilton raises full year outlook after strong Q1 results >>

Hilton Worldwide achieves annual revpar increase of 7.1% >>

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs >>

Latest video from The Caterer

TagsTrends and Hotels
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking