The hotel group foresees 60% growth for its portfolio in the region over the next two years.
Hilton Worldwide has set its sights on Latin America for its International development. The hotel group announced its desire to open 40 new hotels in the region by the end of 2016 to reach a portfolio of 100 properties. "With stable and growing economies, Latin America affords tremendous opportunities and we have the right team in place to continue introducing the right brands to target markets with significant potential for growth," declared Tom Potter, senior vice-president Caribbean, Mexico and Latin America for Hilton Worldwide.
The hotel group currently has a portfolio of 62 hotels and close to 12,000 rooms in operation in the region; its pipeline has 40 properties and 6,000 rooms under development. Hilton thus plans to develop Hampton Hotels in Colombia, Mexico and Panama; Hilton Garden Inn in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Uruguay; Hilton Hotels & Resorts in Argentina, Brazil, Panama and Mexico; Double Tree by Hilton in Chile and Mexico; and Conrad Hotels & Resorts in Colombia.
Hilton was, on January 1, 2014, the second hotel group worldwide with 678,630 rooms, according to data from MKG Hospitality, consulting firm founded by Georges Panayotis (read our report).
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