Hilton Opened 132 Hotels And Approximately 24,000 Rooms Between October And December 2023, Contributing To Full-year Openings Of 395 Hotels And Approximately 63,000 Rooms To Achieve Net Unit Growth Of 4.9%
Portfolio Pulse from Benzinga Newsdesk
Hilton (HLT) reported the opening of 132 hotels and approximately 24,000 rooms in Q4 2023, leading to a total of 395 hotel openings and around 63,000 rooms for the year. This expansion resulted in a net unit growth of 4.9% for the company.
January 22, 2024 | 12:15 pm
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Hilton's aggressive expansion in Q4 2023, with the opening of 132 hotels, and the full-year addition of 395 hotels, indicates a significant increase in the company's assets and potential for revenue growth.
The opening of new hotels directly contributes to Hilton's asset base and room inventory, which can lead to increased revenues from room bookings and other hotel services. The reported 4.9% net unit growth is a positive indicator of the company's expansion strategy and may attract investor interest, potentially driving the stock price up in the short term.
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