SINGAPORE (EDGEPROP) - Hilton has announced a target of over 1,000 trading hotels by 2025, according to Alan Watts, president of Hilton APAC, at the Hotel Investment Conference Asia Pacific held on Oct 19 to 21 in Singapore.
Read also: Hilton bets on Asia's post-pandemic travel recovery
“Despite macroeconomic headwinds across the region, there is a fast return to normalcy as pent-up travel demand is unleashed and hotel occupancies strengthen,” explains Watts.
He is confident in Asia Pacific’s regional growth opportunities, given the growing consumer class and rising spending power in the region. Meanwhile, hotel investments are making a comeback as operating performance approaches pre-pandemic levels. Owners are on the lookout for partners post-pandemic.
Hilton has recently signed two luxury hotels in the region - the conversion of Hilton Hanoi Opera into a Waldorf Astoria Hanoi with BRG Group, and the rebranding of the Regent Singapore into the second Conrad Centennial brand in the country with Pontiac Land Group and Kajima Development.