日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

Riding the hotel wave on the cusp of change

By Wang Wen (China Daily) Updated: 2014-08-22 07:15

Riding the hotel wave on the cusp of change

Night view of outdoor scene of Hilton Shanghai Hongqiao, China, March 7 2014. [Photo/IC]

Hilton bullish on growth prospects in China, according to top executive

Hilton Worldwide Holdings Inc, the world's largest hotel operator by market value, has big dreams in China, ones that are hinged closely to the country's rapid economic growth and burgeoning hospitality market, a top company official said.

Christopher Nassetta, chief executive and president of Hilton Worldwide, said the company plans to expand its footprint in China and also have more hotels in the pipeline. "By investing more resources, we want to consolidate our presence further," he said.

Nassetta, who took office in 2007, said the hotel operator has ample confidence in the long-term growth prospects in China. At present, Hilton has 48 hotels under five brands and 140 hotels in its pipeline under construction in China.

"We plan to introduce two more brands in China by the end of this year," he said. The first would be the Embassy Suites, which will be launched soon. In addition, Hilton may also launch its three-star brand - Hampton, Nassetta said.

"We want to cater to different types of customers, and our products range from three-star to super luxury."

At the same time, Nassetta admits that Hilton has much catching up to do in China. "The strategies that we adopted earlier in China did not have the desired results. As a result, we lagged behind our rivals. But we are fast catching up."

Hilton entered the Chinese market 26 years ago with a hotel in Shanghai. However, it had only five hotels in China by 2007. "I do not know why, since I was not there then," Nassetta said.

Industry sources, however, said the hotel giant could not focus much on the China market due to various reasons. Hilton International and the original domestic US business, Hilton Hotels Corp, became separate companies in 1964, and HHC reacquired Hilton International in 2006.

During the 40-year separation, HHC bought several brands, and after the two units reunited in 2007, the new Hilton Worldwide was a "very dysfunctional organization", the sources said.

"We were the No 1 brand in terms of customer awareness in every region of the world," Nassetta said. "But we were not doing anything about it."

Nassetta, who has over two decades of experience in the hotel and real estate industry, was named CEO and president of Hilton Worldwide in 2007, after private equity firm Blackstone Group took control of the hotel operator.

The $26 billion acquisition was considered a "bad investment" by many industry sources as the global hotel industry went into a tailspin due to the financial crisis in 2008. However, investors finally got rewards in 2013, when the hotel group listed its shares on the New York Stock Exchange. Hilton Worldwide raised about $2.34 billion in its initial public offering, a record of sorts for the hotel industry.

The IPO success and financial performance have helped bolster investor confidence, said analysts. Nomura Securities raised its price target for Hilton Worldwide to $29 a share on July 7, when the market price was $24.8.

Hilton will enjoy a much higher growth rate than most of its peers due to its huge global pipeline and high operating leverage, Harry Curtis, an analyst with Nomura Securities, said in a recent research report.

More important, the group's return to the capital market is considered by many industry sources as an innovative move championed by Nassetta.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 白浆一区| 欧美午夜精品久久久久免费视 | 天天色影| 国产高清成人 | 亚洲最大福利视频 | 一级片在线免费观看 | 99中文字幕在线观看 | 国内久久 | 国产福利片在线 | 久久99精品久久久 | 亚洲九九九 | 日韩精品1 | 黄网站在线免费 | av久久久| 午夜精品在线视频 | 亚洲一区久久 | 一级欧美大片 | 一季繁星越南剧在线观看免费 | 国产久操视频 | 成人h片在线观看 | 国产在线播放一区二区三区 | 国产精品麻豆传媒 | 波多野结衣加勒比 | 国产精品免| 天堂成人在线观看 | 国产精品免费久久 | 四虎永久免费网站 | 免费看av的网址 | 自拍偷拍日韩 | 欧美黄色大片免费观看 | 免费成人深夜夜行网站 | 国产xxx视频 | 成人性视频在线播放 | 日韩视频中文字幕 | 国产一区二区福利 | 男女啪啪免费 | 免费看的毛片 | 69av在线视频 | 久久日本视频 | 啪啪自拍 | 亚洲欧洲一区 |