Plans by one of the largest hotels in New York City to jettison room service could spur other hotels to scrap the luxury to improve profits, Hilton Worldwide Inc reported its chief executive said on Monday.
In 2009, when Blackstone relocated Hilton Worldwide’s headquarters from Beverly Hills to McLean, Virginia, on the outskirts of Washington, D.C., it was much more than a change of scenery and address. Acquired by Blackstone for nearly $27 billion a couple of years earlier, Hilton had been languishing, falling behind better-positioned chains such as Marriott and InterContinental, and was in dire need of a dramatic change in management culture from a laid-back California style to a more professional and analytic approach.
Hilton Hotels' plan to launch a luxury chain under its Waldorf-Astoria brand capitalizes on the colorful history of a distinctive hotel for Manhattan's well-heeled. Built by millionaire William Waldorf Astor in 1893, the Waldorf set many industry standards.
U.S. group Hilton Hotels Corp is in talks to buy the hotels of its UK namesake, the companies announced on Friday, a deal which would reunite the Hilton brand after more than 40 years and could be worth 3.
Hilton, the international hotel and gambling operator, is in advanced talks with Hilton Hotels Corporation of the US about a £3.6bn (€5.2bn) sale of its hotel business, in a deal that would see it split from Ladbrokes, the UK bookmaker the company owns.
Hilton Hotels Corp. (NYSE:HLT - News) said on Friday that damage to its hotels and business lost due to Hurricane Katrina will be covered by insurance, although it will be some time before the money is collected.
I do a fair amount of work the media, mainly from reporters who want a perspective on brands in the news. If it's not one brand's crisis, it's another brand's success. Increasingly, I'm finding the stories taking on a different light: Brand Perversion.
Steve Bollenbach, the co-chairman and chief executive of U.S.-based Hilton Hotels Corp. (HLT), has dashed hopes of an imminent merger with Hilton Group PLC (HG.LN), which operates the brand outside the U.
Hilton Hotels Corp. is tightening the screws on online travel agencies with an accreditation process that sites like Orbitz and Travelocity have to conform to by year's end in order to continue offering Hilton inventory.
Hilton Hotels reported strong first-quarter profits and beat Wall Street expectations as the cyclical lodging recovery rolled along. The company also offered an improved forecast for the rest of the year.