How Hilton Is Adapting to the Changing Traveler
After closing out 2019 with its stock price soaring over 50%, Hilton Worldwide Holdings (NYSE: HLT) is looking to build upon its strong year and continue its financial success into 2020. The hotel company finished the third quarter of 2019 with 17 brands, almost 6,000 total hotels, and a pipeline of 2,530 more hotels. What should we be looking for from Hilton over the coming year?
Hilton La Romana resort, Dominican Republic. Image source: Hilton Worldwide.
While surely benefiting from a booming travel industry -- the World Travel & Tourism Council estimates that the industry's contribution to global GDP will have risen by 3.6% in 2019 -- Hilton has made strategic decisions over the last few years that not only have been a boost to stock performance but also strengthened the company's fundamentals.
Source Fool.com
