Latest news with #HiltonWorldwide
CNBC
2 days ago
- Business
- CNBC
Hilton CEO on opening 150+ hotels: It'll be a really, really good year again
Chris Nassetta, Hilton Worldwide CEO, joins 'Squawk on the Street' to discuss Hilton's demand picture, the impact of tariffs and much more.
Arab News
3 days ago
- Business
- Arab News
Tuaja resorts in Al-Ahsa set to transform rural tourism
AL-AHSA: The lavender carpet was laid out last Wednesday in Al-Ahsa as a special groundbreaking ceremony was held for Tuaja Luxury Resorts, marking the start of a new chapter in Saudi Arabia's rural tourism and hospitality sector. Slated to open by early 2027, three brand new resorts — Tuaja Premium Farm Resorts, Tuaja Eco Resorts, and Tuaja Adventure Resorts — will be operated by Hilton Worldwide. All will be clustered around a central area of Al-Ahsa, surrounded by lush picturesque farms. This trio of tailored activations are expected to play a key role in positioning Al-Ahsa as a leading destination in rural tourism, capitalizing on its location within the largest palm oasis in the world. Attended by Prince Saud bin Talal bin Badr, governor of Al-Ahsa, the event marked the groundbreaking of the first luxury resort development project by Dan Company under the Tuaja brand and featured detailed mock-ups of the resort rooms. 'We remain committed to strengthening collaboration between the public and private sectors to deliver development projects that meet the highest standards of quality, fulfill the aspirations of citizens and visitors — and align with Vision 2030,' Prince Saud said. Dan Company, a wholly owned subsidiary of Saudi Arabia's Public Investment Fund, was established to unlock the potential of rural tourism across the Kingdom. This inaugural project will transform rural areas into sustainable tourism hubs that align with the goals of Vision 2030, supporting national economic diversification and community development. Dan Company also aims to contribute approximately SR6 billion ($1.6 billion) to the Kingdom's GDP by 2030. Its strategy includes attracting around 14 million visitors, including 1.4 million overnight stays and 12 million day experiences, through an innovative business model that combines luxury hospitality under the Tuaja Luxury Resorts brand, with rural lodges developed in partnership with local communities across the Kingdom. The Tuaja resorts are being developed in the Al-Ahsa region with the support of the Al-Ahsa Development Authority. Saad bin Abdulaziz Al-Kroud, chairman, Dan Company, who describes himself as 'a son of Al-Ahsa,' underlined the significance of the event, saying: 'Today marks a major milestone and turning point in our journey to deliver exceptional hospitality experiences across the Kingdom, celebrating the cultural, historical, and natural richness of the Al-Ahsa region. Tuaja resorts are not merely destinations, they offer an extraordinary blend of authenticity and modernity.' During the ceremony, Abdulrahman Abaalkhail, chief executive of Dan Company, was in conversation with popular media personality Weam Al-Dakheel, highlighting the company's vision to redefine rural tourism through immersive, community-driven experiences. The Tuaja resorts in Al-Ahsa will cover 1.8 million square meters and feature nearly 200 accommodation units, including upscale villas and hotel rooms — some with private pools. These developments represent the first phase of the Tuaja resort portfolio, which will expand to other regions across the Kingdom. Each resort will feature a design identity rooted in the culture and natural character of its location. Dan Company is aiming for LEED Gold certification for all its developments.
Arab News
3 days ago
- Business
- Arab News
AL-AHSA: Tuaja resorts in Al-Ahsa set to transform rural tourism
The lavender carpet was laid out last Wednesday in Al-Ahsa as a special groundbreaking ceremony was held for Tuaja Luxury Resorts, marking the start of a new chapter in Saudi Arabia's rural tourism and hospitality sector. Slated to open by early 2027, three brand new resorts — Tuaja Premium Farm Resorts, Tuaja Eco Resorts, and Tuaja Adventure Resorts — will be operated by Hilton Worldwide. All will be clustered around a central area of Al-Ahsa, surrounded by lush picturesque farms. This trio of tailored activations are expected to play a key role in positioning Al-Ahsa as a leading destination in rural tourism, capitalizing on its location within the largest palm oasis in the world. Attended by Prince Saud bin Talal bin Badr, governor of Al-Ahsa, the event marked the groundbreaking of the first luxury resort development project by Dan Company under the Tuaja brand and featured detailed mock-ups of the resort rooms. 'We remain committed to strengthening collaboration between the public and private sectors to deliver development projects that meet the highest standards of quality, fulfill the aspirations of citizens and visitors — and align with Vision 2030,' Prince Saud said. Dan Company, a wholly owned subsidiary of Saudi Arabia's Public Investment Fund, was established to unlock the potential of rural tourism across the Kingdom. This inaugural project will transform rural areas into sustainable tourism hubs that align with the goals of Vision 2030, supporting national economic diversification and community development. Dan Company also aims to contribute approximately SR6 billion ($1.6 billion) to the Kingdom's GDP by 2030. Its strategy includes attracting around 14 million visitors, including 1.4 million overnight stays and 12 million day experiences, through an innovative business model that combines luxury hospitality under the Tuaja Luxury Resorts brand, with rural lodges developed in partnership with local communities across the Kingdom. The Tuaja resorts are being developed in the Al-Ahsa region with the support of the Al-Ahsa Development Authority. Saad bin Abdulaziz Al-Kroud, chairman, Dan Company, who describes himself as 'a son of Al-Ahsa,' underlined the significance of the event, saying: 'Today marks a major milestone and turning point in our journey to deliver exceptional hospitality experiences across the Kingdom, celebrating the cultural, historical, and natural richness of the Al-Ahsa region. Tuaja resorts are not merely destinations, they offer an extraordinary blend of authenticity and modernity.' During the ceremony, Abdulrahman Abaalkhail, chief executive of Dan Company, was in conversation with popular media personality Weam Al-Dakheel, highlighting the company's vision to redefine rural tourism through immersive, community-driven experiences. The Tuaja resorts in Al-Ahsa will cover 1.8 million square meters and feature nearly 200 accommodation units, including upscale villas and hotel rooms — some with private pools. These developments represent the first phase of the Tuaja resort portfolio, which will expand to other regions across the Kingdom. Each resort will feature a design identity rooted in the culture and natural character of its location. Dan Company is aiming for LEED Gold certification for all its developments.
Zawya
6 days ago
- Business
- Zawya
Hilton set to hit 100 hotels milestone in Saudi Arabia
Global hospitality major Hilton has announced that it is on track to operate and pipeline 100 hotels in Saudi Arabia this year – reaffirming its long-term commitment to growth across the kingdom. The global hospitality company continues to introduce more of its award-winning brands to the country, with 14 brands trading and in the pipeline, it stated. Hilton said as part of its growth strategy, it is set for multiple new signings with plans to add more than 21,000 rooms in locations across the country. The new signing marks the debut of Hilton's premium economy brand, Spark by Hilton, in the Middle East and Africa. Since its launch in 2023, Spark by Hilton has been at the forefront of innovation and is uniquely positioned to grow and scale quickly. Offering a simple, inspired design, comfortable guest rooms and a complimentary breakfast, the conversion-friendly, premium economy brand delivers reliable essentials and friendly service for every guest at an accessible price point. Guy Hutchinson, President, Middle East & Africa, Hilton said: "Saudi Arabia is undergoing a remarkable transformation, and we are proud to be playing a leading role in it becoming a top global tourism destination. The kingdom offers a unique blend of rich cultural heritage, natural landscapes, and modern lifestyle developments." "Our diverse portfolio – spanning luxury and lifestyle, through to premium economy and midscale brands – will help broaden the appeal for today's discerning travellers. In line with Saudi Vision 2030, our growing hotel pipeline is set to generate over 15,000 job opportunities, with a significant focus on employing Saudi nationals," he stated. Commenting on Hilton's momentum in the kingdom, Carlos Khneisser, Vice President, Development, Middle East & Africa, Hilton, said: "We are excited about reaching 100 hotels trading and in the pipeline in Saudi Arabia, as we continue to diversify our footprint and introduce more of our global brands across both established and emerging destinations." "Our continued partnership with Al Musbah Group is testament to this growth and our commitment to supporting private sector development in the Saudi tourism industry. We are proud to have Al Musbah Group as part of our highly valued ownership community and to be working with them to introduce the region's first Spark by Hilton in Makkah," he stated. "With two-thirds of our pipeline in Saudi Arabia already under construction, we look forward to continuing our work with new and existing owners to deliver more hotels at all price points for guests across the kingdom," he added. Spark by Hilton Makkah Aziziyah Spark by Hilton Makkah Aziziyah is set to open later this year, marking the brand's debut in the MEA region. The 329-guest room property will offer twin-bed and triple-bed guest rooms. Located to the east of Masjid Al Haram in Makkah's Aziziyah district, near the religiously significant area of Mina, a key site during Hajj with direct train access to Arafat, the hotel is ideally situated to serve pilgrims. The site is surrounded by commercial outlets and hotels that cater to religious travellers year-round. Developed by Al Musbah Group, Spark by Hilton Makkah Aziziyah is one of several Hilton projects underway with the group across Makkah, Madinah, and Dammam, it stated. "Spark by Hilton adds to Hilton's growing midscale presence across established and up-and-coming cities in the Kingdom, complementing existing brands such as Hampton by Hilton and Hilton Garden Inn, which together account for one-third of the company's hotel pipeline," remarked Khneisser. Recent signings include Hampton by Hilton and Hilton Garden Inn properties in Jeddah, Jizan, and Abha, as well as at the NEOM Community site. In Makkah, Hilton is partnering with Umm Al Qura for Development and Construction Company to open the world's largest Hilton Garden Inn, featuring 1,560 guest rooms. Hilton has also partnered with Knowledge Economic City (KEC) to open the region's first Home2 Suites by Hilton in the Middle East in Madinah, alongside properties under the Hilton Garden Inn and Hampton by Hilton brands, he added. According to him, Hilton continues to bolster its luxury presence across the kingdom with its iconic Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brands. These include a multi-property agreement at The Avenues - Riyadh, the Kingdom's largest mixed-use development, which will be home to a Waldorf Astoria and a Conrad, as well as a Waldorf Astoria in Diriyah Gate – one of Saudi Arabia's iconic giga-projects, and Madinah's first Waldorf Astoria. The company has also partnered with Rua Al Madinah Holding to open three hotels in the holy city including a luxury property under the Conrad Hotels & Resorts brand, as well as with Dan Co, a PIF subsidiary, to open an LXR agritourism resort in Al Ahsa. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Yahoo
22-05-2025
- Business
- Yahoo
April travel dip hits US hotels
The US hotel industry experienced varied performance in April 2025, influenced by shifting holiday calendars and broader economic factors, according to data from CoStar, a provider of real estate analytics. Key performance indicators showed slight declines in occupancy and revenue per available room (RevPAR), while the average daily rate (ADR) saw modest growth. In April 2025, the national occupancy rate for US hotels stood at 63.9%, marking a 1.9% decrease compared to April 2024. The ADR increased by 1.8% to $161.28, while RevPAR experienced a marginal decline of 0.1%, settling at $103.11. The timing of Easter in March this year, as opposed to April in 2024, contributed to these year-over-year variances. Among the top 25 markets, New York City achieved the highest occupancy rate at 84.8%, a 0.5% increase from the previous year. Conversely, Detroit and Minneapolis reported some of the lowest occupancy levels, with Detroit experiencing a 2.3% decline to 57.4%, and Minneapolis seeing a 2.7% increase to 60.9%. San Francisco/San Mateo demonstrated significant growth across all key metrics: occupancy rose by 14.0% to 69.6%, ADR increased by 20.5% to $227.44, and RevPAR surged by 37.4% to $158.36. These gains suggest a robust recovery in that region. Broader economic conditions have impacted the hospitality sector. Hilton Worldwide revised its 2025 revenue forecast downward, citing economic uncertainties linked to recent tariff implementations and concerns over a potential recession. The company now anticipates RevPAR growth between 0% and 2%, down from an earlier projection of 2% to 3% . Similarly, Marriott International adjusted its full-year revenue outlook due to slowing travel demand, now expecting RevPAR growth between 1.5% and 3.5%, a reduction from the previous estimate of 2% to 4%. These adjustments reflect cautious optimism amid fluctuating consumer sentiment and international travel patterns. The U.S. hotel industry's performance in April 2025 underscores the sector's sensitivity to both calendar variations and macroeconomic factors. While certain markets exhibit strong growth, others continue to face challenges, highlighting the importance of adaptive strategies in an evolving landscape. "April travel dip hits US hotels" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
