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Hilton Worldwide
please note:
- the content below is remote from Wikipedia
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{{Short description|American multinational hospitality company}}{{Use mdy dates|date=November 2022}}- the content below is remote from Wikipedia
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History
Foundation and early years
In 1919, Conrad Hilton purchased his first hotel, the 40-room Mobley Hotel in Cisco, Texas, and bought additional Texas hotels as the years passed.WEB, History and Heritage – Hilton Worldwide,weblink live,weblink" title="web.archive.org/web/20160112174220weblink">weblink January 12, 2016, hiltonworldwide.com, In 1925, the Dallas Hilton became the first hotel to use the Hilton name. In 1927, Hilton expanded to Waco, Texas,WEB, Sawyer, Amanda, Roosevelt Hotel,weblink live,weblink" title="web.archive.org/web/20171021132721weblink">weblink October 21, 2017, August 28, 2017, Waco History, Baylor University, where he opened the first hotel with air-conditioning in public areas and cold running water.WEB, August 1, 2016, A (Brief) History of Hilton Innovations,weblink live, Fast Company,weblink October 24, 2017, WEB, About Hilton: History & Heritage,weblink live,weblink" title="web.archive.org/web/20170830063531weblink">weblink August 30, 2017, August 28, 2017, Hilton Worldwide, Note: User must click on "Early 1900s", then slide number 3 for verification.WEB, A History of Firsts,weblink live,weblink" title="web.archive.org/web/20171023063624weblink">weblink October 23, 2017, August 28, 2017, Hilton Hotels and Resorts, In 1943, Hilton assumed management of the Roosevelt Hotel and purchased the Plaza Hotel, both well-established high-end luxury hotels less than a mile apart in New York City's Midtown Manhattan neighborhood. With this pair of acquisitions, Hilton established the first hospitality company to span the contiguous United States.WEB, About Hilton: History & Heritage,weblink live,weblink" title="web.archive.org/web/20170830063531weblink">weblink August 30, 2017, August 28, 2017, Hilton Worldwide, Note: User must click on "1940s", then slide number 1 for verification.The company was incorporated in 1946 as the Hilton Hotels Corporation and subsequently began public trading of shares on the New York Stock Exchange.BOOK, Turkel, Stanley,weblink Great American Hoteliers: Pioneers of the Hotel Industry, 2009, AuthorHouse, 978-1-4490-0752-2, 129, August 28, 2017, NEWS, May 24, 1967, 21 Years of Hilton Leadership, 70, Chicago Tribune,weblink live, August 28, 2017,weblink October 24, 2017, WEB, About Hilton: History & Heritage,weblink live,weblink" title="web.archive.org/web/20170830063531weblink">weblink August 30, 2017, August 28, 2017, Hilton Worldwide, In 1947, the Roosevelt Hotel became the first hotel in the world to have televisions in its rooms.WEB, About Hilton: History & Heritage,weblink live,weblink" title="web.archive.org/web/20170905172635weblink">weblink September 5, 2017, September 6, 2017, Hilton Worldwide, Note: User must click on "1940s", then go to slide number 3 for verification.In 1947, Hilton assumed management of the Palacio Hilton hotel in Chihuahua, Mexico, which became the chain's first international property. That same year, they assumed management of four hotels on the island of Bermuda.WEB, Hilton Hotels, 1947 Annual Report,weblink Hilton International was founded as a wholly-owned subsidiary in 1948,WEB,weblink Hilton Hotels, 1949 Annual Report, Hilton Hotels Corporation, digitalcollections.lib.uh.edu, March 11, 2023, just before the 1949 opening of the Caribe Hilton Hotel in Puerto Rico.BOOK, Chon, Kaye Sung,weblink The International Hospitality Business: Management and Operations, Yu, Lawrence, November 12, 2012, Routledge, 978-1-136-75181-3, 39, August 28, 2017, Barman Ramon "Monchito" Marreno claimed he created the piña colada cocktail at this resort.WEB, Klein, Christopher, June 16, 2015, The Birth of the Piña Colada,weblink live,weblink" title="web.archive.org/web/20170811142453weblink">weblink August 11, 2017, August 28, 2017, History.com, Hilton purchased The Waldorf-Astoria in New York in the same year.NEWS, October 6, 2014, Waldorf Astoria New York to be sold for nearly $2 billion, Chicago Tribune,weblink live, August 28, 2017,weblink" title="web.archive.org/web/20171024153302weblink">weblink October 24, 2017, NEWS, Glenza, Jessica, October 6, 2014, New York's Waldorf Astoria hotel sold to Chinese company for nearly $2bn, The Guardian,weblink live, August 28, 2017,weblink October 24, 2017,Hilton in the 1950s-1980s
In 1953, Hilton opened its first hotel in Europe, the Castellana Hilton in Madrid, Spain.WEB, Hilton Hotels, 1953 Annual Report,weblink The Hotels Statler Company was acquired in 1954 for $111 million in what was then the world's most expensive real estate transaction.WEB, History and Heritage – Hilton Worldwide,weblink live,weblink" title="web.archive.org/web/20160112174220weblink">weblink January 12, 2016, hiltonworldwide.com, One year later, Hilton created the world's first central reservations office, titled "HILCRON". The reservations team in 1955 consisted of eight members on staff booking reservations for any of Hilton's then 28 hotels. Reservations agents used the "availability board" to track records. The chalkboard measured {{convert|30|ft}} by {{convert|6|ft}} and allowed HILCRON to make over 6,000 reservations in 1955.WEB, April 18, 2005, Hilton's Pioneering Central Reservations System – Hilton Reservations Worldwide – Marks 50 Years,weblink live,weblink" title="web.archive.org/web/20160305013716weblink">weblink March 5, 2016, businesswire.com, Bookings could be made for any Hilton via telephone, telegram, or Teletype.Later in 1955, Hilton launched a program to ensure every hotel room would include air conditioning.BOOK, Taraborrelli, J. Randy,weblink The Hiltons: The True Story of an American Dynasty, April 1, 2014, Grand Central Publishing, 978-1-4555-1669-8, 219, September 6, 2017, registration, In late 1955, Hilton opened the Istanbul Hilton, the first post–World War II property in Istanbul, Turkey.MAGAZINE, Hamblin, Dora Jane, August 30, 1963, His Hotels Keep Conrad Hilton Hopping in 19 Lands: Instant America,weblink Life (magazine), Life, 55, 9, 67–68, 0024-3019, September 6, 2017, Hilton is credited with pioneering the airport hotel concept with the opening of the Hilton Inn at San Francisco International Airport in 1959.WEB, King, Danny, October 19, 2016, Airport hotels have become more than a convenient pit stop,weblink live, Travel Weekly, 0041-2082,weblink" title="web.archive.org/web/20170914012550weblink">weblink September 14, 2017, September 6, 2017, International expansion continued in this era. In 1957, Hilton assumed management of its first hotel in Central America, the El Panama Hilton in Panama City, Panama. In 1958, Hilton opened its first hotel in Canada, Queen Elizabeth in Montreal, Quebec.WEB,weblink Hilton Hotels, 1957 Annual Report, Hilton Hotels Corporation, digitalcollections.lib.uh.edu, March 11, 2023, In 1959, Hilton opened its first hotel in Africa, the Nile Hilton in Cairo, Egypt.WEB, Hilton Hotels, 1959 Annual Report,weblink In 1960, Hilton opened its first hotel in Oceania, the Chevron Hilton in Sydney, Australia.WEB,weblink Hilton Hotels, 1960 Annual Report, Hilton Hotels Corporation, digitalcollections.lib.uh.edu, March 11, 2023, In 1961, Hilton assumed management of its first hotel in South America, the Hotel Carrera in Santiago, Chile. In 1963, Hilton opened its first hotels in Asia, the Hong Kong Hilton and the Tokyo Hilton, and its first hotel in the Middle East, the Royal Tehran Hilton.WEB,weblink Hilton Hotels, 1962 Annual Report, Hilton Hotels Corporation, digitalcollections.lib.uh.edu, March 11, 2023, In 1965, Hilton launched Lady Hilton, the first hotel concept created specifically for women guests.WEB, Montana Standard-Post from Butte, Montana on July 5, 1965 · Page 4,weblink live,weblink October 24, 2017, April 28, 2018, newspapers.com, July 5, 1965, To appeal to female travelers, many properties offered floors occupied by only women along with distinct amenities for their usage.NEWS, May 2, 1965, New Design Is Offered for Hotel Rooms, 66, Lubbock Avalanche-Journal,weblink live, registration, April 28, 2018,weblink October 24, 2017, newspapers.com, WEB, About Hilton: History & Heritage,weblink live,weblink" title="web.archive.org/web/20170905172635weblink">weblink September 5, 2017, September 6, 2017, Hilton Worldwide, The iconic Hilton hotel logo, which features the stylized "H" in a circle, was created in 1969 by the legendary graphic designer Saul Bass. Bass was also responsible for designing logos for other well-known brands, including AT&T, United Airlines, and the Girl Scouts of the USA.WEB, 10 Interesting Facts About the Hilton Hotel,weblink May 25, 2021, March 29, 2023, Hilton Worldwide, In 1969, the first DoubleTree Hotel opened. However, Hilton was not affiliated with the brand until it acquired the parent company in 1999.MAGAZINE, About Doubletree by Hilton,weblink live, Entrepreneur (magazine), Entrepreneur (magazine), Entrepreneur,weblink October 24, 2017, September 6, 2017, WEB, Brand Milestones,weblink live,weblink" title="web.archive.org/web/20171024153651weblink">weblink October 24, 2017, September 6, 2017, Double Tree, Hilton purchased the Flamingo Las Vegas in 1970,BOOK, Rothman, Hal,weblink Neon Metropolis: How Las Vegas Started the Twenty-First Century, October 15, 2015, Routledge, 978-1-317-95853-6, 22, September 6, 2017, BOOK, Al, Stefan,weblink The Strip: Las Vegas and the Architecture of the American Dream, March 10, 2017, MIT Press, 978-0-262-33822-6, 117, September 6, 2017, which would become the first in the domestic gaming business to be listed on the NYSE.BOOK, Hilton, Conrad Nicholson,weblink Be My Guest, 1957, Simon and Schuster, 978-0-671-76174-5, 7, September 6, 2017, In 1977, Hilton International opened its first property behind the "Iron Curtain" in Communist Europe, the Budapest Hilton.NEWS, Levy, Alan, 1979-02-25, An Exploratory Visit To the First Hilton In Communist Europe, en-US, The New York Times,weblink 2023-01-20, 0362-4331, In 1979, founder Conrad Hilton died at the age of 91.NEWS, Cook, Joan, January 5, 1979, Conrad Hilton, Founder of Hotel Chain, Dies at 91, The New York Times,weblink live, September 6, 2017,weblink" title="web.archive.org/web/20171103032343weblink">weblink November 3, 2017, Hilton Hotels Corporation later created the Conrad Hotels brand in honor of Hilton.NEWS, O'Connell, Jonathan, February 12, 2013, Hilton said to be in talks for CityCenterDC hotel, The Washington Post,weblink live, September 6, 2017,weblink October 24, 2017, Hilton Honors (formerly Hilton HHonors), the company's guest loyalty program, was initiated in 1987.NEWS, Stone, Madeline, January 31, 2017, Hilton just revealed a game-changing update to its rewards program, Business Insider,weblink live, September 6, 2017,weblink" title="web.archive.org/web/20170821065129weblink">weblink August 21, 2017, In 1994, the Honors surpassed competing hotel loyalty programs by offering members both hotel credit points and airline credit miles.NEWS, Collis, Roger, December 23, 1994, Don't Lose Expiring Flier Miles, The New York Times,weblink live, September 6, 2017,weblink" title="web.archive.org/web/20171102213749weblink">weblink November 2, 2017, NEWS, Reynolds, Christopher, January 30, 1994, Frequent Fliers May Find Less Turbulence Overseas : Trends: It's getting harder to qualify for free domestic flights, easier to earn foreign freebies., Los Angeles Times,weblink live, September 6, 2017,weblink" title="web.archive.org/web/20180428184319weblink">weblink April 28, 2018, The company has been a sponsor of the United States Olympic Team.BOOK, Irwin, Richard L.,weblink Sport Promotion and Sales Management, Sutton, William Anthony, McCarthy, Larry M., 2008, Human Kinetics, 978-0-7360-6477-4, 165, September 6, 2017, NEWS, February 5, 2013, Glance: Olympic sponsors on Russia's anti-gay law, San Diego Union-Tribune, Associated Press,weblink live, September 6, 2017,weblink" title="web.archive.org/web/20171024205041weblink">weblink October 24, 2017,Two chains with one name
The company spun off its international operations into a separately traded company on December 1, 1964, known as "Hilton International Co." It was acquired in 1967 by Trans World Corp., the holding company for Trans World Airlines. In 1971, Hilton acquired International Leisure Company, including the Las Vegas Hilton and Flamingo Hilton.WEB, Nevada Gaming Abstract – MGM MIRAGE Company Profile,weblink live,weblink" title="web.archive.org/web/20121105011333weblink">weblink November 5, 2012, March 26, 2007, In 1986, it was sold to UAL Corp., the holding company for United Airlines, which became Allegis Corp. in an attempt to re-incarnate itself as a full-service travel company, encompassing Westin Hotels and Hertz rental cars in addition to Hilton International and United Airlines. In 1987, after a corporate putsch, the renamed UAL Corp. sold Hilton International to Ladbroke Group plc, a British leisure and gambling company, which, in May 1999, adopted the name "Hilton Group plc."WEB, Killgren, Lucy, April 22, 1999, Name Stake,weblink live,weblink" title="web.archive.org/web/20130525120338weblink">weblink May 25, 2013, June 18, 2012, Marketing Week, As a result, there were two separate, fully independent companies operating hotels under the Hilton name. Those Hilton Hotels outside the U.S. were, until 2006, styled as "Hilton International" hotels. Because the two chains were contractually forbidden to operate hotels in the other's territory under the Hilton name, for many years hotels run by Hilton International in the U.S. were called Vista International Hotels, while hotels operated by the American arm of Hilton outside the U.S. were named Conrad Hotels.WEB, HILTON INTERN. CO., INC. - 888 F.Supp. 520 (1995) – upp52011326 – Leagle.com,weblink live,weblink September 2, 2017, April 28, 2018, leagle.com, File:Hilton Event Photo 2.png|thumb|CEO Peter George, John Jackson and Steve Bollenbach at a Ladbroke-Hilton event.]]In 1997, to minimize longtime consumer confusion, the American and British Hilton companies adopted a joint marketing agreement under which they shared the same logos, promoted each other's brands, and maintained joint reservation systems. At that point, the Vista chain was phased out, while Conrad has been restyled as one of the luxury brands of Hilton (along with the Waldorf-Astoria Collection) and operates hotels within the U.S. as well as abroad. In 1998, Hilton spun off its gambling operations into a separate, publicly held company called Park Place Entertainment (later Caesars Entertainment, Inc.)WEB, Thompson, Gary, September 2, 1999, Park Place to become world's biggest gaming firm – Las Vegas Sun Newspaper,weblink April 29, 2020, lasvegassun.com, en, In 1999, Hilton acquired Promus Hotel Corporation, which included the DoubleTree, Red Lion, Embassy Suites, Hampton Inn, and Homewood Suites brands.NEWS, Petersen, Melody, September 8, 1999, Hilton to Buy Promus Chain, The New York Times,weblink live, March 23, 2008,weblink" title="web.archive.org/web/20081201035944weblink">weblink December 1, 2008,21st century
(File:Christopher J Nassetta, President & CEO, Hilton Worldwide (14004654374).jpg|thumb|Christopher J. Nassetta, Hilton Worldwide President and CEO, in 2004)In 2001, Hilton agreed to sell Red Lion to WestCoast Hospitality.WEB, Hilton Sells Red Lion, Select Doubletrees To WestCoast,weblink dead,weblink" title="web.archive.org/web/20061112175159weblink">weblink November 12, 2006, March 23, 2008, On December 29, 2005, Hilton Hotels Corporation agreed to re-acquire the Hilton International chain from its British owner, Hilton Group plc, for £3.3 billion ($5.71 billion). As well as bringing the two Hilton companies back together as a single entity, this deal also included Hilton plc properties operating as Conrad Hotels, Scandic Hotels, and LivingWell Health Clubs.WEB, About Us,weblink live,weblink" title="web.archive.org/web/20140702042545weblink">weblink July 2, 2014, December 3, 2014, LivingWell Health Clubs, On February 23, 2006, the deal closed, making Hilton Hotels the world's fifth-largest hotel operator in number of rooms.WEB, The 2006 Ranking of the Top 10 Hotel Groups Worldwide / April 2006,weblink dead,weblink" title="web.archive.org/web/20150924031406weblink">weblink September 24, 2015, August 15, 2015, Scandic Hotels was sold the next year on March 1 to EQT Partners.WEB,weblinkweblink" title="web.archive.org/web/20070330105719weblink">weblink dead, www.eqt.se, March 30, 2007, March 11, 2023, On July 3, 2007, Hilton Hotels Corp. agreed to an all-cash buyout from the Blackstone Group LP in a $26 billion (including debt) deal that would make Blackstone the world's largest hotel owner.Louise Story, "Blackstone to Buy Hilton Hotels for $26 Billion," New York Times, July 4, 2007 {{webarchive|url=https://web.archive.org/web/20170318070453weblink |date=March 18, 2017 }}. At $47.50 per share, the buyout price was 32 percent higher than the closing value of a share of Hilton stock on July 3.{{Citation |last=Weber |first=Christopher |title=Blackstone Group buys Hilton hotels |date=July 5, 2016 |url=https://news.google.com/newspapers?nid=2457&dat=20070705&id=wNk8AAAAIBAJ&pg=1515,631608&hl=en |work=Bangor Daily News |pages=A4 |access-date=June 28, 2016}} The deal was the culmination of a year of on and off discussions with Blackstone.David Carey & John E. Morris, King of Capital: The Amazing Rise, Fall and Rise Again of Steve Schwarzman and Blackstone {{webarchive|url=https://web.archive.org/web/20110108184556weblink |date=January 8, 2011 }} (Crown 2010), pp. 254. In October 2007, Christopher J. Nassetta was appointed president and chief executive officer of Hilton.WEB, Clausing, Jeri, November 5, 2016, Blackstone goes with Nassetta over Hart as Hilton CEO,weblink live,weblink" title="web.archive.org/web/20160916214939weblink">weblink September 16, 2016, June 28, 2016, Travel Weekly, Northstar Travel Media, LLC, In February 2009, Hilton Hotels Corp. announced that its headquarters were moving from Beverly Hills, California to Fairfax County, Virginia.WEB, Hilton Hotels Corporation to move headquarters from Beverly Hills to Fairfax County {{!, Fairfax County Economic Development Authority |url=https://www.fairfaxcountyeda.org/pressrelease/hilton-hotels-corporation-move-headquarters-beverly-hills-fairfax-county |url-status=dead |archive-url=https://web.archive.org/web/20171223102545weblink |archive-date=December 23, 2017 |access-date=December 23, 2017 |website=www.fairfaxcountyeda.org}}While Blackstone saw an opportunity to streamline the company and push Hilton's expansion overseas when Blackstone pursued Hilton in 2006 and 2007, the buyout saddled the company with $20 billion of debt just as the economy was turning down. The debt had very liberal terms, so there was no danger of default, but when travel slowed, the company suffered. In April 2010, Hilton and Blackstone restructured the debt. Blackstone invested a further $800 million of equity and the debt was reduced to $16 billion.Peter Lattman and Lingling Wei, "Blackstone Reaches Deal to Revamp Hilton's Debt,' Wall Street Journal, February 20, 2010; Hilton Worldwide press release, April 8, 2010; King of Capital, pp. 299–300.Hilton returned to being a public company on December 12, 2013. This second IPO in the company's history raised an estimated $2.35 billion.WEB, Cohan, William, September 11, 2014, Blackstone's $26 Billion Hilton Deal: The Best Leveraged Buyout Ever,weblink live,weblink" title="web.archive.org/web/20160713102828weblink">weblink July 13, 2016, June 28, 2016, Bloomberg L.P., The Blackstone Group retained a 45.8% stake in the company.The company announced in February 2016 that Hilton would turn its hotel holdings into a real estate investment trust. Prior to making the announcement, the company went to the IRS for approval.NEWS, Rubin, Liz Hoffman And Richard, Hilton to Spin Off Hotel Properties Into Real-Estate Investment Trust, The Wall Street Journal,weblink live, January 2, 2016,weblink" title="web.archive.org/web/20160101195059weblink">weblink January 1, 2016, 0099-9660, In February 2016, Hilton announced its intention to spin off its timeshare and real estate businesses, creating three independent public companies.NEWS, Ajmera, Ankit, February 26, 2016, Hilton to spin off real estate, timeshare businesses, Reuters,weblink live, June 15, 2016,weblink" title="web.archive.org/web/20160505200919weblink">weblink May 5, 2016, The spin-offs of Park Hotels & Resorts and Hilton Grand Vacations were completed in January 2017.NEWS, Bhattarai, Abha, January 6, 2017, Hilton completes split into three independent companies, Washington Post,weblink June 7, 2018, As of 2018, the company is a fully independent publicly traded company (just like in the pre-buyout days) after the exits of Blackstone and HNA.WEB, May 18, 2018, Blackstone Exits Hilton, Earning $14 Billion After 11 Years,weblink September 26, 2020, Bloomberg.com, The purpose of the 2017 spin-off of Hilton Grand Vacations and Park Hotels & Resorts from Hilton Worldwide into separate companies was to transform Hilton Worldwide into an asset-light company, making it more efficient for its shareholders due to it having less capital investments. This means that following the spin-offs, Hilton Worldwide now mainly owns the Hilton brands and not the majority of the physical properties that bear the Hilton name, meaning that it is not responsible for their operation or real estate costs, thus driving up their profits and shareholder value. This also means that Hilton shareholders can now choose which aspects of the brand they want to put their investments behind, and it allows for each individual area of the Hilton brand to focus on its specific area of business and grow more quickly. Following the spin-offs, Hilton Grand Vacations and Parks Hotels & Resorts now act in a very similar fashion to the franchise companies that own and operate the majority of Hilton Worldwide's hotel brands. This allows Hilton Worldwide to focus on its brand without incurring the majority of the capital investments and expenses that come with operations and real estate.On April 3, 2024, Hilton announced its acquisition of a majority controlling interest in Sydell Group, the owner of NoMad Hotels, aiming to expand the luxury lifestyle brand with up to 100 new NoMad hotels globally.WEB, O'Neill, Sean, 2024-04-03, Hilton Takes Control of Sydell Group, Aims to Add 100 NoMad Hotels,weblink 2024-04-04, Skift, en-US,Brands
Hilton Worldwide owns 22 hotel and resort brands that cover a variety of areas in the hospitality sector. Hilton's business model for its various brands is based on largely on franchising rather than direct ownership and management of properties. Hilton Worldwide has full ownership of the hotel and resort brands as well as the intellectual property associated with them, however the vast majority of Hilton branded properties are not owned and operated by Hilton, instead they are independently owned and operated by independent franchisees or hospitality companies. WEB, SEC-Outline,weblink 2024-02-15, otp.tools.investis.com,Luxury
- Waldorf Astoria Hotels & Resorts
- LXR Hotels & Resorts
- Conrad Hotels
Upper Upscale
- Hilton Hotels & Resorts
- Canopy by HiltonWhat to Expect from Hilton’s New Canopy Hotel Brand {{webarchive|url=https://web.archive.org/web/20141223020147weblink |date=December 23, 2014 }}. Condé Nast Traveler. Accessed December 22, 2014.
- Curio
- Signia by Hilton
- DoubleTree
- Embassy Suites by Hilton
Upscale
- Tapestry Collection by Hilton
- Tempo by Hilton
- Hilton Garden Inn
- Homewood Suites by Hilton
Upper Midscale
- Hampton by Hilton
- Motto by Hilton
- Home2 Suites by Hilton
Midscale
Economy
- Spark by HiltonWEB, Hilton Launches New Brand Called Spark by Hilton,weblink 2023-01-11, www.travelmarketreport.com, en,
Long-Stay
- LivSmart by Hilton
Timeshare
- Hilton Grand Vacations
- Hilton Vacation Club
- Hilton Club
Franchising
As of February 2024, 6,679 of Hilton's 7,530 hotels and timeshare resorts worldwide are owned and operated by independent franchisees or companies and not by Hilton Worldwide itself, this includes Hilton Grand Vacations which was a division of Hilton Worldwide until it was spun off into a separate company to act as a franchisee for Hilton's timeshare brands. Through this franchising model Hilton Worldwide owns the Hilton hotel and resort brands along with the Intellectual property associated with them, but does own or operate the physical hotels and resorts that bear those brand names. Additionally, Hilton Worldwide does not employ the staff that works at these franchised properties, instead the staff are employed by the independent franchisees or companies. The practice of franchising means that Hilton Worldwide is not responsible for the operational costs, real estate costs, maintenance costs, staff wages, and other costs that they would be if they were the ones owning and operating the properties, instead the independent franchisee or company incurs those costs. Hilton Worldwide profits from the franchisees through franchise fees, licensing fees, and agreements which give Hilton Worldwide a certain percentage the income. In order to utilize the Hilton brands, the independent franchisees and companies must follow strict brand standards to maintain a licensing agreement with Hilton Worldwide.{{Citation |last=Karmin |first=Craig |title=Blackstone Books Profit With Hilton Hotels |date=November 26, 2013 |work=The Wall Street Journal |url=https://www.wsj.com/articles/SB10001424052702303281504579222492972577848 |access-date=June 28, 2016 |archive-url=https://web.archive.org/web/20160624223514weblink |archive-date=June 24, 2016 |url-status=live}} The franchise model makes Hilton Worldwide a more profitable company along with increasing its value for shareholders due to it having less capital and being able to focus more on its brand. Many of Hilton's flagship properties, airport properties, and largest resorts, however, are corporately managed.Corporate affairs
Head offices
File:Hilton Worldwide headquarters in Virginia seen from Jones Branch Drive.jpg|thumb|Hilton Worldwide headquarters in Tysons, VirginiaTysons, VirginiaThe company has its headquarters in Tysons, Virginia, and an operations center in Memphis. Its Asia-Pacific operations are managed out of Singapore, its Middle East and Africa operations are managed out of Dubai, and its European operations are based in Watford, UK."Contact Us {{webarchive|url=https://web.archive.org/web/20140826071228weblink |date=2014-08-26 }}." Hilton Worldwide. Retrieved on August 17, 2014. In Türkiye, IC Holding, Sabancı Holding and Aksoy Holding was place in Operations.{{clarification needed|date=April 2024}}Loyalty program
Hilton Honors (formerly Hilton HHonors) is Hilton's guest loyalty program, through which frequent guests can accumulate points and airline miles by staying within the Hilton portfolio. The program is one of the largest of its type, with approximately 120 million members.WEB, September 30, 2018, Hilton Brands {{!, Global Hospitality Company |url=https://www.hilton.com/en/corporate/ |access-date=November 5, 2018 |publisher=Hilton}} There are four levels of elite status within the Hilton Honors program including Member, Silver, Gold, and Diamond. Hilton points average a value of 0.58¢ each.WEB, 2024-04-16, Point and Mile Values,weblink 2024-04-16, AwardWallet, Hilton renamed the Hilton HHonors program to Hilton Honors in February 2017.WEB, Schlappig, Benjamin, January 31, 2017, Full Details Of The New Hilton Honors Program,weblink live,weblink" title="web.archive.org/web/20170203012705weblink">weblink February 3, 2017, February 2, 2017, One Mile At A Time, Boarding Area,Company culture
According to Careerbliss.com, Hilton ranked first in the list of "2012 Happiest Companies in America", with a score of 4.36 out of 5.NEWS, December 6, 2011, CareerBliss 50 Happiest Companies for 2012, CareerBliss,weblink live,weblink" title="web.archive.org/web/20130901100120weblink">weblink September 1, 2013, The survey looked at job reviews from more than 100,000 employees, with such characteristics life as work-life balance, company culture and reputation, and the relationships employees have with their bosses.MAGAZINE, December 12, 2011, 10 Happiest Places to Work: Is Your Job on the List?, Time,weblink live,weblink" title="web.archive.org/web/20120107172350weblink">weblink January 7, 2012, Hilton has scored 100% on the Corporate Equality Index each year from 2014 to 2017.WEB, Awards & Recognition- Hilton Global Media Center,weblink live,weblink" title="web.archive.org/web/20170217195559weblink">weblink February 17, 2017, April 28, 2018, news.hiltonworldwide.com, In 2016, Hilton was named one of the "World's 25 Best Multinational Workplaces" by Fortune and Great Place to Work.MAGAZINE, October 26, 2016, The 25 Best Global Companies to Work For,weblink live, Fortune,weblink" title="web.archive.org/web/20161104145625weblink">weblink November 4, 2016, November 10, 2016, WEB, 2016, 2016 World's Best Multinational Workplaces,weblink live,weblink" title="web.archive.org/web/20161031170947weblink">weblink October 31, 2016, November 10, 2016, Great Place to Work, WEB, Ting, Deanna, November 1, 2016, The 3 Hotel Brands on Fortune's List of Best Global Workplaces for 2016,weblink live,weblink November 2, 2016, November 10, 2016, Skift, In 2017, Fortune ranked Hilton number 26 in their list of "The 100 Best Companies to Work For".MAGAZINE, #26: Hilton,weblink live, Fortune (magazine), Fortune,weblink" title="web.archive.org/web/20170520115216weblink">weblink May 20, 2017, May 5, 2017, MAGAZINE, The 100 Best Companies to Work For,weblink live, Fortune,weblink" title="web.archive.org/web/20170504075640weblink">weblink May 4, 2017, May 5, 2017, In 2019, Fortune ranked Hilton number 1 in their list of "The 100 Best Companies to Work For".WEB, Hilton,weblink February 18, 2019, Fortune,Hilton in popular culture
- Keith Richards and Mick Jagger performed in the East Penthouse on the 45th floor of the New York Hilton on October 28, 1965.WEB, 50 Years: New York Hilton Midtown,weblink dead,weblink" title="web.archive.org/web/20171216091236weblink">weblink December 16, 2017, December 15, 2017, Hilton,
- On the rotating wheel space station in Stanley Kubrick's 1968 film (2001: A Space Odyssey (film)|2001: A Space Odyssey), a receptionist is shown sitting at the entrance to the Hilton Space Station 5.AV MEDIA,weblink 2001: A Spacy Odyssey, April 3, 1968, Metro-Goldwyn-Mayer, Directed by Stanley Kubrick. Screenplay by Arthur C. Clarke and Stanley Kubrick. Cinematography by Geoffrey Unsworth. Edited by Ray Lovejoy. Produced by Stanley Kubrick, 26 mins 54 sec, Hilton scene occurs at time index, Motion picture, 994028060, WEB, Novak, Matt, November 18, 2014, What happened to Hilton's 'hotel on the Moon'?,weblink live,weblink" title="web.archive.org/web/20171220151558weblink">weblink December 20, 2017, BBC,
- John Lennon and Yoko Ono honeymooned in the presidential suite at the Hilton Amsterdam, where they hosted one of their famous "Bed-Ins" for a full week in 1969.NEWS, Adler, Margot, August 25, 2009, After 40 Years, The Bed-In Reawakens, NPR,weblink live, December 15, 2017,weblink December 16, 2017,
- In 1971, Diamonds Are Forever was filmed at the Las Vegas Hilton.NEWS, Lawrence, Christopher, November 4, 2015, When James Bond came to Las Vegas, Las Vegas Review-Journal,weblink live, December 15, 2017,weblink September 24, 2017, 1097-1645,
- On April 3, 1973, Dr. Martin Cooper made the world's first cell phone call in front of the New York Hilton Midtown. A press conference was held at the hotel later that day to mark the milestone.NEWS, Kennedy, Pagan, March 15, 2013, Who Made That Cellphone?, The New York Times,weblink live, December 15, 2017,weblink" title="web.archive.org/web/20171104211818weblink">weblink November 4, 2017, WEB, Cheng, Roger, The first call from a cell phone was made 40 years ago today,weblink live,weblink December 16, 2017, December 15, 2017, CNET, CBS Interactive,
- In 1976, during a music tour, Ike and Tina Turner were staying at the Statler Hilton (now the Statler Hotel & Residences) in downtown Dallas when Tina decided to leave Ike. Her moments of getting away from Ike and fleeing the hotel were included in her book I, Tina and in the movie What's Love Got to Do with It.NEWS, Runtagh, Jordan, October 26, 2017, Tina Turner Recalls the Night She Risked Her Life to Flee Her Abusive Husband—and Musical Partner—Ike, People,weblink December 5, 2018, MAGAZINE, Tyehimba, Cheo, August 2, 1996, Tina Turner left Ike 20 years ago,weblink Entertainment Weekly, December 5, 2018,
- The Bodyguard with Whitney Houston and Kevin Costner was filmed at the Fontainebleau Hilton in Miami in 1992.NEWS, Diaz, Johnny, October 31, 2017, 'The Bodyguard,' shot at Fontainebleau Miami Beach, turns 25, Sun-Sentinel,weblink live, December 15, 2017,weblink" title="web.archive.org/web/20171216034844weblink">weblink December 16, 2017, 0744-8139, NEWS, Duran, Jose D., February 14, 2012, The Bodyguard: Whitney Houston's Moment Under the Miami Sun, Miami New Times,weblink live, December 15, 2017,weblink" title="web.archive.org/web/20171216034756weblink">weblink December 16, 2017, On February 11, 2012, Houston died in her bathtub in Suite 434 of the Beverly Hilton after a drug overdose. Hotel management has since renovated the room.NEWS, Kennedy, Garrick, February 8, 2013, What will happen to the room Whitney Houston died in?, Los Angeles Times,weblink November 6, 2015, WEB, Wynter, Kareen, Martinez, Michael, March 22, 2012, Coroner: Drowning, heart disease, cocaine use killed Houston,weblink March 22, 2012, CNN,
- In 1995, the James Bond movie GoldenEye was filmed at the Langham Hilton.MAGAZINE, Smith, Mark, November 9, 2012, Where to Vacation Like James Bond,weblink live, Condé Nast Traveler, 0893-9683,weblink December 16, 2017, December 15, 2017, BOOK, Mourby, Adrian,weblink Rooms with a View: The Secret Life of Great Hotels, November 2, 2017, Icon Books, 978-1-78578-276-3, 46, December 15, 2017,weblink April 28, 2018, live,
- The Insider was filmed in 1999 at the Seelbach Hilton.NEWS, Pfeuffer, Charyn, January 27, 2008, Bourbon, barbecue and a taste of history in Louisville, New Haven Register,weblink live, December 15, 2017,weblink" title="web.archive.org/web/20171216034552weblink">weblink December 16, 2017,
- In 2006, several movies including Spider-Man 3,NEWS, O'Leary, Noreen, November 9, 2009, 'Up in the Air' Grounds Hilton in Star-Power Marketing, Adweek,weblink live, December 15, 2017,weblink" title="web.archive.org/web/20171216035254weblink">weblink December 16, 2017, 0199-2864, Michael Clayton, and American Gangster were filmed at the New York Hilton.BOOK, Landau, David,weblink Lighting for Cinematography: A Practical Guide to the Art and Craft of Lighting for the Moving Image, July 10, 2014, A&C Black, 978-1-62892-692-7, 134, December 15, 2017,weblink April 28, 2018, live, MAGAZINE, Hilton New York,weblink live, New York (magazine), New York, 0028-7369,weblink" title="web.archive.org/web/20171216034806weblink">weblink December 16, 2017, December 15, 2017,
- Conrad Hilton (played by actor Chelcie Ross) features as a major character in the third season of Mad Men, as lead character Don Draper creates a series of ad campaigns for Hilton Hotels.NEWS, Galehouse, Maggie, October 11, 2009, Mad Men nails its history, Houston Chronicle,weblink live, December 15, 2017,weblink" title="web.archive.org/web/20171216034631weblink">weblink December 16, 2017, 1074-7109, The Drapers travel during one episode to the Cavalieri Hilton in Rome,NEWS, October 9, 2011, Rome on film, Orange County Register,weblink live, December 15, 2017,weblink" title="web.archive.org/web/20171216091129weblink">weblink December 16, 2017, 0886-4934, 12199155, though the scenes were actually shot at the Dorothy Chandler Pavilion in Los Angeles.NEWS, Villarreal, Yvonne, March 26, 2015, 'Mad Men's' final premiere event is a grand affair, Los Angeles Times,weblink live, December 15, 2017,weblink" title="web.archive.org/web/20171216034814weblink">weblink December 16, 2017, 0458-3035, 3638237,
See also
References
{{reflist}}External links
{{Commons category inline}}- {{Official websiteweblink}}{hide}Finance links| symbol = HLT| sec_cik = 1585689| google = NYSE:HLT| yahoo = HLT| bloomberg = HLT:US| reuters = HLT
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