Hilton (HLT) Expands All Suites Brand Footprint In Canada
Zacks Investment Research | Mar 13, 2019 09:00PM ET
Hilton Worldwide Holdings Inc. (NYSE:HLT) is firing on all cylinders in order to maintain position as the fastest-growing global hospitality company. The company’s All Suites brand touched multiple milestones in 2018. The brand, which includes Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton, has opened the 30th property in Canada and 1,000th property overall.
Last year, All Suites made significant progress in Canada and successfully tapped on the robust growth in tourism. The company said that more than 20% of all Hilton properties in Canada are under the All Suites brand.
The brands are being expanded with the introduction of Homewood Suites by Hilton in Latin America and Embassy Suites by Hilton in the Middle East. The company intends to keep expanding in America and Asia with over 25 properties in its pipeline and more than 580 properties overall.
Meanwhile, Homewood Suites by Hilton gained traction in Mexico and Canada through the establishment of properties last year. Lastly, Home2 Suites by Hilton opened its 86 property in North America.
Shares of Hilton have gained 19% in the past three months, outperforming itsZacks Investment Research
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