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Hilton (H) Continues to Expand Presence Despite Pandemic
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Although the hotel industry has been bearing the brunt of the coronavirus pandemic, Hilton Worldwide Holdings Inc. (HLT - Free Report) continues to expand footprint worldwide. Notably, the company recently opened its 300th hotel in China market. Notably, China is the company’s single largest market outside the United States.
The company is planning to open 1,000 hotels in China by 2025. Hilton is the fastest growing company in Asia. The company currently has 10 out of Hilton's 18 brands in China. The company has “1 in 5 rooms under construction in Asia Pacific, and 1 in 3 in China, carrying the Hilton flag -- a huge leap from just 100 properties three years ago.”
Qian Jin, area president of Greater China and Mongolia, Hilton said "This milestone opening by Hilton during such an unprecedented and challenging time for the global hospitality industry is a strong testament to the incomparable resilience and potential of the China market.”
Robust Development Pipeline
Hilton has 6,300 properties with one million rooms in 118 countries and territories. As of Sep 30, 2020, Hilton's development pipeline comprised more than 2,640 hotels, with roughly 408,000 rooms across 121 countries and territories — including 33 countries and territories where it currently does not have any running hotel. Moreover, 237,000 rooms in the development pipeline were located outside the United States and 217,000 rooms were under construction. In 2020, the company anticipates net unit growth in the range of 4.5% to 5%.
Hilton’s broad geographic diversity lowers the effect of volatility in individual markets. More than 30% of the pipeline is located in the Asia Pacific region, where demand has been high. Notably, the company continues to make great progress in its luxury development strategy, anticipating double-digit luxury growth in the next several years.
In the past six months, shares of the company have surged 33% compared with the industry’s rally of 35.4%.
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Image: Shutterstock
Hilton (H) Continues to Expand Presence Despite Pandemic
Although the hotel industry has been bearing the brunt of the coronavirus pandemic, Hilton Worldwide Holdings Inc. (HLT - Free Report) continues to expand footprint worldwide. Notably, the company recently opened its 300th hotel in China market. Notably, China is the company’s single largest market outside the United States.
The company is planning to open 1,000 hotels in China by 2025. Hilton is the fastest growing company in Asia. The company currently has 10 out of Hilton's 18 brands in China. The company has “1 in 5 rooms under construction in Asia Pacific, and 1 in 3 in China, carrying the Hilton flag -- a huge leap from just 100 properties three years ago.”
Qian Jin, area president of Greater China and Mongolia, Hilton said "This milestone opening by Hilton during such an unprecedented and challenging time for the global hospitality industry is a strong testament to the incomparable resilience and potential of the China market.”
Robust Development Pipeline
Hilton has 6,300 properties with one million rooms in 118 countries and territories. As of Sep 30, 2020, Hilton's development pipeline comprised more than 2,640 hotels, with roughly 408,000 rooms across 121 countries and territories — including 33 countries and territories where it currently does not have any running hotel. Moreover, 237,000 rooms in the development pipeline were located outside the United States and 217,000 rooms were under construction. In 2020, the company anticipates net unit growth in the range of 4.5% to 5%.
Hilton’s broad geographic diversity lowers the effect of volatility in individual markets. More than 30% of the pipeline is located in the Asia Pacific region, where demand has been high. Notably, the company continues to make great progress in its luxury development strategy, anticipating double-digit luxury growth in the next several years.
In the past six months, shares of the company have surged 33% compared with the industry’s rally of 35.4%.
Zacks Rank
Hilton — which shares space with Marriott International, Inc. (MAR - Free Report) , Hyatt Hotels Corporation (H - Free Report) and Extended Stay America, Inc. in the Zacks Hotels and Motels industry — has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Names “Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>