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{{Short description|American multinational hospitality company}} {{Use mdy dates|date=November 2022}} {{Infobox company | name = Hilton Worldwide Holdings Inc. | logo = [[File:Hilton Worldwide logo.svg|150px]] | image = | image_alt = | image_caption = | type = [[Public company|Public]] | traded_as = {{unbulleted list|{{NYSE|HLT}}|[[S&P 500]] component}} | former_name = Hilton Hotels Corporation (1919–2009) | founded = {{Start date and age|1919|5|31}}, in [[Cisco, Texas]], U.S. | founder = [[Conrad Hilton]] | hq_location_city = [[Tysons, Virginia]] | hq_location_country = U.S. | locations = {{increase}} 7,530 | num_locations_year = 2023 | area_served = Worldwide | key_people = {{ubl|{{nowrap|[[Christopher J. Nassetta]]{{wbr}} ([[President (corporate title)|president]] and [[Chief executive officer|CEO]])}}|[[Jonathan D. Gray]]{{wbr}} ([[chairman]])}} | industry = [[Hospitality industry|Hospitality]] | products = {{ubl|[[Hotels]]|[[Resorts]]}} | revenue = {{increase}} {{US$|11.2 billion|link=yes}} | revenue_year = 2023 | operating_income = {{increase}} {{US$|2.22 billion}} | income_year = 2023 | net_income = {{decrease}} {{US$|1.15 billion}} | net_income_year = 2023 | assets = {{decrease}} {{US$|15.4 billion}} | assets_year = 2023 | equity = {{decrease}} {{US$|-2.3 billion}} | equity_year = 2023 | num_employees = {{increase}} 178,000 | num_employees_year = 2023 | website = {{URL|https://hilton.com/}} | footnotes = <ref name="2020YR">{{Cite web |date=April 2021 |title=Hilton Worldwide Holdings Inc. 2018 Annual Report Q4 |url=https://ir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/quarterly-results/2020/q4-2020-earnings-release.pdf |archive-url=https://web.archive.org/web/20210422020326/https://ir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/quarterly-results/2020/q4-2020-earnings-release.pdf |archive-date=2021-04-22 |url-status=live |website=www.ir.hilton.com |publisher=Hilton Holdings}}</ref><ref name="10-K">{{Cite web |date=7 February 2024 |title=Hilton Worldwide Holdings Inc. 2023 Annual Report (Form 10-K) |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1585689/000158568924000027/hlt-20231231.htm |website=sec.gov |publisher=[[U.S. Securities and Exchange Commission]]}}</ref><ref>{{Cite web |date=December 31, 2020 |title=Hilton Worldwide Holdings Total Assets |url=https://www.macrotrends.net/stocks/charts/HLT/hilton-worldwide-holdings/total-assets |website=www.macrotrends.net }}</ref><ref>{{Cite web |title=Board of directors |url=https://ir.hilton.com/corporate-governance/board-of-directors |website=ir.hilton.com}}</ref> }} '''Hilton Worldwide Holdings Inc.''' is an American [[multinational corporation|multinational]] [[hospitality company]] that manages and franchises a broad portfolio of hotels, resorts, and timeshare properties. Founded by [[Conrad Hilton]] in May 1919, the company is now led by [[Christopher J. Nassetta]]. Hilton is headquartered in [[Tysons, Virginia]], United States. As of December 31, 2023, the company's portfolio includes 7,530 properties (including timeshare properties) with 1,182,937 rooms in 118 countries and territories. Hilton owns or leases 51 properties, manages 800 properties, and franchises out 6,679 properties to independent franchisees or companies.<ref name="SEC-Outline">{{Cite web |title=SEC-Outline |url=https://otp.tools.investis.com/clients/us/hilton_worldwide2/SEC/sec-outline.aspx?FilingId=17241998&Cik=0001585689&PaperOnly=0&HasOriginal=1 |access-date=2024-02-17 |website=otp.tools.investis.com}}</ref> Hilton has 22 brands across different market segments, including [[Conrad Hotels & Resorts]], [[Canopy by Hilton]], [[Curio (brand)|Curio]], [[Hilton Hotels & Resorts]], [[DoubleTree]] by Hilton, [[Embassy Suites by Hilton]], [[Hilton Garden Inn]], [[Hampton by Hilton]], [[Homewood Suites by Hilton]], [[Home2 Suites by Hilton]], [[Hilton Grand Vacations|Hilton Grand Vacations Club]], Hilton Vacation Club, Hilton Club, LXR Hotels and Resorts by Hilton, [[Waldorf Astoria Hotels & Resorts]], Signia by Hilton, [[Tru by Hilton]], Tapestry Collection by Hilton, Tempo by Hilton, Motto by Hilton, and Spark by Hilton. On December 12, 2013, Hilton again became a public company, raising an estimated $2.35 billion in its second IPO.<ref>{{Cite magazine |last=Rawlings |first=Nate |title=Hilton Prepares to Go Public With Largest-Ever Hotel IPO |language=en-US |magazine=Time |url=https://business.time.com/2013/12/12/hilton-prepares-to-go-public-with-largest-ever-hotel-ipo/ |access-date=December 3, 2018 |issn=0040-781X}}</ref> At the time, [[Blackstone Inc.]] held a 45.8 percent stake in the company.<ref name="Securities and Exchange Commission">{{Cite web |title=Hilton Worldwide Holdings Inc. Schedule 14A |url=https://www.sec.gov/Archives/edgar/data/1585689/000119312516515848/d57083ddef14a.htm |url-status=live |archive-url=https://web.archive.org/web/20160422091654/http://www.sec.gov/Archives/edgar/data/1585689/000119312516515848/d57083ddef14a.htm |archive-date=April 22, 2016 |access-date=April 8, 2016 |publisher=Securities and Exchange Commission}}</ref> In October 2016, China's [[HNA Group]] agreed to acquire a 25 percent equity interest in Hilton from Blackstone. The transaction was expected to close in the first quarter of 2017.<ref>{{Cite news |last=Yu |first=Hui-Yong |date=October 24, 2016 |title=Blackstone's Search for Real Estate Buyers Keeps Ending in China |work=Bloomberg.com |publisher=[[Bloomberg L.P.]] |url=https://www.bloomberg.com/news/articles/2016-10-24/hna-group-to-buy-25-percent-of-hilton-worldwide-from-blackstone |url-status=live |access-date=November 10, 2016 |archive-url=https://web.archive.org/web/20161029083215/http://www.bloomberg.com/news/articles/2016-10-24/hna-group-to-buy-25-percent-of-hilton-worldwide-from-blackstone |archive-date=October 29, 2016}}</ref><ref>{{Cite news |date=October 24, 2016 |title=China's HNA Group to buy 25% stake in Hilton |publisher=[[CNBC]] |url=https://www.cnbc.com/2016/10/24/hna-buys-stake-in-hilton-from-blackstone-for-65b.html |url-status=live |access-date=November 10, 2016 |archive-url=https://web.archive.org/web/20161030002652/http://www.cnbc.com/2016/10/24/hna-buys-stake-in-hilton-from-blackstone-for-65b.html |archive-date=October 30, 2016}}</ref><ref>{{Cite magazine |date=October 25, 2016 |title=China's HNA Group Just Locked in Another Big Hotel Deal |url=http://fortune.com/2016/10/25/china-hna-group-hilton-deal/ |url-status=live| magazine=Fortune |archive-url=https://web.archive.org/web/20161027123747/http://fortune.com/2016/10/25/china-hna-group-hilton-deal/ |archive-date=October 27, 2016 |access-date=November 10, 2016}}</ref> Hilton's largest stockholders were until mid-2018 HNA Group, Blackstone, and [[Wellington Management Company]], which as of March 2017 owned 25%, 15.2%, and 6.7% of Hilton common stock respectively.<ref name="DEF14A 2017">{{Cite web |title=Hilton Worldwide Holdings Inc. Schedule 14A |url=https://www.sec.gov/Archives/edgar/data/1585689/000119312517122064/d525199ddef14a.htm |url-status=live |archive-url=https://web.archive.org/web/20170811105313/https://www.sec.gov/Archives/edgar/data/1585689/000119312517122064/d525199ddef14a.htm |archive-date=August 11, 2017 |access-date=August 10, 2017 |publisher=Securities and Exchange Commission}}</ref> The company was founded by [[Conrad Hilton]] in 1919 as '''Hilton Hotels Corporation''' in [[Cisco, Texas]], and it had its headquarters in [[Beverly Hills, California]], from 1969 until 2009. In August 2009, the company moved to [[Tysons Corner]], unincorporated [[Fairfax County, Virginia]], near [[McLean, Virginia|McLean]].<!--Tysons Corner and McLean are NOT inside one another!--><ref>{{Cite web |title=Hilton Checks Into New Tysons Headquarters |url=http://www.costar.com/News/Article.aspx?id=28D7BA00AF5A7E9F681F64F98A215A68 |access-date=August 15, 2015}}</ref><ref>"[http://www.hiltonworldwide.com/contactus/index.htm Contact Us] {{webarchive|url=https://web.archive.org/web/20090928063146/http://www.hiltonworldwide.com/contactus/index.htm |date=2009-09-28 }}." Hilton Worldwide. Retrieved on October 14, 2009.</ref><ref name="TysonsMap">{{Cite web |title=Tysons Corner CDP, Virginia |url=http://factfinder.census.gov/servlet/MapItDrawServlet?geo_id=16000US5179952&_bucket_id=50&tree_id=420&context=saff&_lang=en&_sse=on |url-status=dead |archive-url=https://web.archive.org/web/20111110181002/http://factfinder.census.gov/servlet/MapItDrawServlet?geo_id=16000US5179952&_bucket_id=50&tree_id=420&context=saff&_lang=en&_sse=on |archive-date=November 10, 2011 |access-date=May 7, 2009 |publisher=[[United States Census Bureau]]}}</ref> == 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.<ref name="hiltonworldwide.com">{{Cite web |title=History and Heritage – Hilton Worldwide |url=http://www.hiltonworldwide.com/about/history |url-status=live |archive-url=https://web.archive.org/web/20160112174220/http://www.hiltonworldwide.com/about/history |archive-date=January 12, 2016 |website=hiltonworldwide.com}}</ref> In 1925, the [[Dallas Hilton]] became the first hotel to use the Hilton name.<ref name="hiltonworldwide.com" /> In 1927, Hilton expanded to [[Waco, Texas]],<ref name="Sawyer">{{Cite web |last=Sawyer |first=Amanda |title=Roosevelt Hotel |url=http://www.wacohistory.org/items/show/41 |url-status=live |archive-url=https://web.archive.org/web/20171021132721/http://www.wacohistory.org/items/show/41 |archive-date=October 21, 2017 |access-date=August 28, 2017 |website=Waco History |publisher=[[Baylor University]]}}</ref> where he opened the first hotel with air-conditioning in public areas and cold running water.<ref>{{Cite web |date=August 1, 2016 |title=A (Brief) History of Hilton Innovations |url=https://www.pressreader.com/usa/fast-company/20160801/282054801381829 |url-status=live |work=Fast Company |archive-url=https://web.archive.org/web/20171024154454/https://www.pressreader.com/usa/fast-company/20160801/282054801381829 |archive-date=October 24, 2017}}</ref><ref>{{Cite web |title=About Hilton: History & Heritage |url=http://hiltonworldwide.com/about/history/ |url-status=live |archive-url=https://web.archive.org/web/20170830063531/http://www.hiltonworldwide.com/about/history |archive-date=August 30, 2017 |access-date=August 28, 2017 |publisher=Hilton Worldwide}} Note: User must click on "Early 1900s", then slide number 3 for verification.</ref><ref>{{Cite web |title=A History of Firsts |url=http://www3.hilton.com/en/about/hilton/history/index.html |url-status=live |archive-url=https://web.archive.org/web/20171023063624/http://www3.hilton.com/en/about/hilton/history/index.html |archive-date=October 23, 2017 |access-date=August 28, 2017 |publisher=Hilton Hotels and Resorts}}</ref> In 1943, Hilton assumed management of the [[The Roosevelt Hotel (Manhattan)|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.<ref name="1940s">{{Cite web |title=About Hilton: History & Heritage |url=http://hiltonworldwide.com/about/history/ |url-status=live |archive-url=https://web.archive.org/web/20170830063531/http://www.hiltonworldwide.com/about/history |archive-date=August 30, 2017 |access-date=August 28, 2017 |publisher=Hilton Worldwide}} Note: User must click on "1940s", then slide number 1 for verification.</ref> The company was incorporated in 1946 as the Hilton Hotels Corporation and subsequently began public trading of shares on the [[New York Stock Exchange]].<ref>{{Cite book |last=Turkel |first=Stanley |url=https://books.google.com/books?id=lanuwRB85noC&pg=PA129 |title=Great American Hoteliers: Pioneers of the Hotel Industry |date=2009 |publisher=AuthorHouse |isbn=978-1-4490-0752-2 |page=129 |access-date=August 28, 2017}}</ref><ref>{{Cite news |date=May 24, 1967 |title=21 Years of Hilton Leadership |page=70 |work=Chicago Tribune |url=https://www.newspapers.com/newspage/201826110/ |url-status=live |access-date=August 28, 2017 |archive-url=https://web.archive.org/web/20171024154501/https://www.newspapers.com/newspage/201826110/ |archive-date=October 24, 2017}}</ref><ref name="About Hilton">{{Cite web |title=About Hilton: History & Heritage |url=http://hiltonworldwide.com/about/history/ |url-status=live |archive-url=https://web.archive.org/web/20170830063531/http://www.hiltonworldwide.com/about/history |archive-date=August 30, 2017 |access-date=August 28, 2017 |publisher=Hilton Worldwide}}</ref> In 1947, the Roosevelt Hotel became the first hotel in the world to have [[television]]s in its rooms.<ref name="1940s" /> In 1947, Hilton assumed management of the Palacio Hilton hotel in [[Chihuahua City|Chihuahua]], Mexico, which became the chain's first international property. That same year, they assumed management of four hotels on the island of Bermuda.<ref>{{Cite web |title=Hilton Hotels, 1947 Annual Report |url=https://digitalcollections.lib.uh.edu/concern/texts/dv13zv069?locale=en}}</ref> Hilton International was founded as a wholly-owned subsidiary in 1948,<ref>{{Cite web|url=https://digitalcollections.lib.uh.edu/concern/texts/765372316?locale=en|title=Hilton Hotels, 1949 Annual Report|author=Hilton Hotels Corporation|website=digitalcollections.lib.uh.edu|access-date=March 11, 2023}}</ref> just before the 1949 opening of the [[Caribe Hilton Hotel]] in [[Puerto Rico]].<ref>{{Cite book |last1=Chon |first1=Kaye Sung |url=https://books.google.com/books?id=KQl5AAAAQBAJ&pg=PA39 |title=The International Hospitality Business: Management and Operations |last2=Yu |first2=Lawrence |date=November 12, 2012 |publisher=Routledge |isbn=978-1-136-75181-3 |page=39 |access-date=August 28, 2017}}</ref> Barman Ramon "Monchito" Marreno claimed he created the [[piña colada]] cocktail at this resort.<ref>{{Cite web |last=Klein |first=Christopher |date=June 16, 2015 |title=The Birth of the Piña Colada |url=http://www.history.com/news/hungry-history/the-birth-of-the-pina-colada |url-status=live |archive-url=https://web.archive.org/web/20170811142453/http://www.history.com/news/hungry-history/the-birth-of-the-pina-colada |archive-date=August 11, 2017 |access-date=August 28, 2017 |website=History.com}}</ref><ref name="About Hilton" /> Hilton purchased [[Waldorf Astoria New York|The Waldorf-Astoria]] in New York in the same year.<ref>{{Cite news |date=October 6, 2014 |title=Waldorf Astoria New York to be sold for nearly $2 billion |work=Chicago Tribune |url=http://www.chicagotribune.com/business/chi-waldorf-astoria-new-york-sold-20141006-story.html |url-status=live |access-date=August 28, 2017 |archive-url=https://web.archive.org/web/20171024153302/http://www.chicagotribune.com/business/chi-waldorf-astoria-new-york-sold-20141006-story.html |archive-date=October 24, 2017}}</ref><ref>{{Cite news |last=Glenza |first=Jessica |date=October 6, 2014 |title=New York's Waldorf Astoria hotel sold to Chinese company for nearly $2bn |work=The Guardian |url=https://www.theguardian.com/us-news/2014/oct/06/waldorf-astoria-hotel-chinese-insurance-company |url-status=live |access-date=August 28, 2017 |archive-url=https://web.archive.org/web/20171024154327/https://www.theguardian.com/us-news/2014/oct/06/waldorf-astoria-hotel-chinese-insurance-company |archive-date=October 24, 2017}}</ref> ===Hilton in the 1950s - 1980s=== [[File:Hiltonhotelsheadquarters.jpg|thumb|right|The former Hilton Hotels Corporation headquarters in [[Beverly Hills, California]]]] In 1953, Hilton opened its first hotel in Europe, the Castellana Hilton in Madrid, Spain.<ref>{{Cite web |title=Hilton Hotels, 1953 Annual Report |url=https://digitalcollections.lib.uh.edu/concern/texts/05741s490?locale=en}}</ref> The [[Statler Hotel|Hotels Statler Company]] was acquired in 1954 for $111 million in what was then the world's most expensive real estate transaction.<ref>{{Cite web |title=History and Heritage – Hilton Worldwide |url=http://www.hiltonworldwide.com/about/history/ |url-status=live |archive-url=https://web.archive.org/web/20160112174220/http://www.hiltonworldwide.com/about/history |archive-date=January 12, 2016 |website=hiltonworldwide.com}}</ref> Hilton is credited with several early innovations. In 1954, 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.<ref>{{Cite web |date=|title=Hilton's Pioneering Central Reservations System – Hilton Reservations Worldwide – |url=http://www.businesswire.com/news/home/20050418005271/en/Hiltons-Pioneering-Central-Reservations-System----Hilton |url-status=live |archive-url=https://web.archive.org/web/20160305013716/http://www.businesswire.com/news/home/20050418005271/en/Hiltons-Pioneering-Central-Reservations-System----Hilton |archive-date=March 5, 2016 |website=businesswire.com}}</ref> Bookings could be made for any Hilton via telephone, [[Telegram (software)|telegram]], or [[Teleprinter|Teletype]]. Later in 1955, Hilton launched a program to ensure every hotel room would include [[air conditioning]].<ref name="Taraborrelli">{{Cite book |last=Taraborrelli |first=J. Randy |url=https://archive.org/details/hiltonstruestory0000tara_l4n5 |title=The Hiltons: The True Story of an American Dynasty |date=April 1, 2014 |publisher=Grand Central Publishing |isbn=978-1-4555-1669-8 |page=[https://archive.org/details/hiltonstruestory0000tara_l4n5/page/219 219] |access-date=September 6, 2017 |url-access=registration}}</ref> Hilton is also credited with pioneering the [[airport hotel]] concept with the opening of the Hilton Inn at [[San Francisco International Airport]] in 1959.<ref name="King">{{Cite web |last=King |first=Danny |date=October 19, 2016 |title=Airport hotels have become more than a convenient pit stop |url=http://www.travelweekly.com/Travel-News/Hotel-News/Airbed-destinations-airport-hotels |url-status=live |work=Travel Weekly |issn=0041-2082 |archive-url=https://web.archive.org/web/20170914012550/http://www.travelweekly.com/Travel-News/Hotel-News/Airbed-destinations-airport-hotels |archive-date=September 14, 2017 |access-date=September 6, 2017}}</ref> International expansion continued in this era. In late 1955, Hilton opened the [[Hilton Istanbul Bosphorus|Istanbul Hilton]], the first post–World War II property in [[Istanbul]], Turkey.<ref name=Taraborrelli /><ref name="Hamblin">{{Cite magazine |last=Hamblin |first=Dora Jane |date=August 30, 1963 |title=His Hotels Keep Koreans Hopping in 19 Lands: Instant America |url=https://books.google.com/books?id=GlIEAAAAMBAJ&pg=PA67 |magazine=[[Life (magazine)|Life]] |volume=55 |issue=9 |pages=67–68 |issn=0024-3019 |access-date=September 6, 2017}}</ref> 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 Hotel|The Queen Elizabeth]] in [[Montreal]], Quebec.<ref>{{Cite web|url=https://digitalcollections.lib.uh.edu/concern/texts/73666546k?locale=en|title=Hilton Hotels, 1957 Annual Report|author=Hilton Hotels Corporation|website=digitalcollections.lib.uh.edu|access-date=March 11, 2023}}</ref> In 1959, Hilton opened its first hotel in Africa, the Nile Hilton in [[Cairo]], Egypt.<ref>{{Cite web |title=Hilton Hotels, 1959 Annual Report |url=https://digitalcollections.lib.uh.edu/concern/texts/vd66w083c?locale=en}}</ref> In 1960, Hilton opened its first hotel in [[Oceania]], the Chevron Hilton in [[Sydney]], Australia.<ref>{{Cite web|url=https://digitalcollections.lib.uh.edu/concern/texts/9019s336m?locale=en|title=Hilton Hotels, 1960 Annual Report|author=Hilton Hotels Corporation|website=digitalcollections.lib.uh.edu|access-date=March 11, 2023}}</ref> In 1961, Hilton assumed management of its first hotel in South America, the [[Edificio José Miguel Carrera|Hotel Carrera]] in [[Santiago]], Chile. In 1963, Hilton opened its first hotels in Asia, the [[Hong Kong Hilton]] and the Tokyo Hilton, and the [[Parsian Esteghlal International Hotel|Royal Tehran Hilton]].<ref>{{Cite web|url=https://digitalcollections.lib.uh.edu/concern/texts/6w924c536?locale=en|title=Hilton Hotels, 1962 Annual Report|author=Hilton Hotels Corporation|website=digitalcollections.lib.uh.edu|access-date=March 11, 2023}}</ref> In 1965, Hilton launched Lady Hilton, the first hotel concept created specifically for women guests.<ref>{{Cite web |title=Montana Standard-Post from Butte, Montana on July 5, 1965 · Page 4 |url=https://www.newspapers.com/newspage/4176260/ |url-status=live |archive-url=https://web.archive.org/web/20171024154446/https://www.newspapers.com/newspage/4176260/ |archive-date=October 24, 2017 |access-date=April 28, 2018 |website=newspapers.com|date=July 5, 1965 }}</ref> To appeal to female travelers, many properties offered floors occupied by only women along with distinct amenities for their usage.<ref>{{Cite news |date=May 2, 1965 |title=New Design Is Offered for Hotel Rooms |page=66 |work=Lubbock Avalanche-Journal |url=https://www.newspapers.com/newspage/50761669/ |url-status=live |url-access=registration |access-date=April 28, 2018 |archive-url=https://web.archive.org/web/20171024153220/https://www.newspapers.com/newspage/50761669/ |archive-date=October 24, 2017 |via=newspapers.com}}</ref><ref name="About Hilton" /> 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.<ref>{{Cite web |title=10 Interesting Facts About the Hilton Hotel|url=https://www.thetravel.com/hilton-hotel-facts/|date=May 25, 2021 |access-date=March 29, 2023 |publisher=Hilton Worldwide}}</ref> Between 1970 and 1971, Hilton acquired the International Leisure Company, including the [[Westgate Las Vegas|International Hotel]] and the [[Flamingo Las Vegas|Flamingo Hotel]], which were renamed the Las Vegas Hilton and the Flamingo Hilton.<ref>{{Cite web |title=Nevada Gaming Abstract – MGM MIRAGE Company Profile |url=http://gaming.unlv.edu/abstract/fin_mgm.html |url-status=live |archive-url=https://web.archive.org/web/20121105011333/http://gaming.unlv.edu/abstract/fin_mgm.html |archive-date=November 5, 2012 |access-date=March 26, 2007}}</ref><ref name="Rothman">{{Cite book |last=Rothman |first=Hal |url=https://books.google.com/books?id=1KW9CgAAQBAJ&pg=PA22 |title=Neon Metropolis: How Las Vegas Started the Twenty-First Century |date=October 15, 2015 |publisher=Routledge |isbn=978-1-317-95853-6 |page=22 |access-date=September 6, 2017}}</ref><ref name="Al">{{Cite book |last=Al |first=Stefan |url=https://books.google.com/books?id=PPpaDgAAQBAJ&pg=PA117 |title=The Strip: Las Vegas and the Architecture of the American Dream |date=March 10, 2017 |publisher=MIT Press |isbn=978-0-262-33822-6 |page=117 |access-date=September 6, 2017}}</ref> The properties would become the first in the domestic gaming business to be listed on the NYSE.<ref name="Guest">{{Cite book |last=Hilton |first=Conrad Nicholson |url=https://books.google.com/books?id=O7BGK2BLtpgC&pg=PA7 |title=Be My Guest |date=1957 |publisher=Simon and Schuster |isbn=978-0-671-76174-5 |page=7 |access-date=September 6, 2017}}</ref> In 1977, Hilton International opened its first property behind the "[[Iron Curtain]]" in Communist Europe, the Budapest Hilton.<ref>{{Cite news |last=Levy |first=Alan |date=1979-02-25 |title=An Exploratory Visit To the First Hilton In Communist Europe |language=en-US |work=The New York Times |url=https://www.nytimes.com/1979/02/25/archives/an-exploratory-visit-to-the-first-hilton-in-communist-europe.html |access-date=2023-01-20 |issn=0362-4331}}</ref> In 1979, founder Conrad Hilton died at the age of 91.<ref>{{Cite news |last=Cook |first=Joan |date=January 5, 1979 |title=Conrad Hilton, Founder of Hotel Chain, Dies at 91 |work=The New York Times |url=https://www.nytimes.com/1979/01/05/archives/conrad-hiltonfounder-of-hotel-chaindies-at-91-for-the-affluent.html |url-status=live |access-date=September 6, 2017 |archive-url=https://web.archive.org/web/20171103032343/http://www.nytimes.com/1979/01/05/archives/conrad-hiltonfounder-of-hotel-chaindies-at-91-for-the-affluent.html |archive-date=November 3, 2017}}</ref> Hilton Hotels Corporation later created the Conrad Hotels brand in honor of Hilton.<ref>{{Cite news |last=O'Connell |first=Jonathan |date=February 12, 2013 |title=Hilton said to be in talks for CityCenterDC hotel |newspaper=The Washington Post |url=https://www.washingtonpost.com/blogs/capital-business/post/hilton-said-to-be-in-talks-for-citycenterdc-hotel/2013/02/12/568b7cea-7526-11e2-95e4-6148e45d7adb_blog.html |url-status=live |access-date=September 6, 2017 |archive-url=https://web.archive.org/web/20171024155704/https://www.washingtonpost.com/blogs/capital-business/post/hilton-said-to-be-in-talks-for-citycenterdc-hotel/2013/02/12/568b7cea-7526-11e2-95e4-6148e45d7adb_blog.html |archive-date=October 24, 2017}}</ref> Hilton Honors (formerly Hilton HHonors), the company's guest loyalty program, was initiated in 1987.<ref>{{Cite news |last=Stone |first=Madeline |date=January 31, 2017 |title=Hilton just revealed a game-changing update to its rewards program |work=Business Insider |url=http://www.businessinsider.com/changes-to-hilton-honors-2017-1 |url-status=live |access-date=September 6, 2017 |archive-url=https://web.archive.org/web/20170821065129/http://www.businessinsider.com/changes-to-hilton-honors-2017-1 |archive-date=August 21, 2017}}</ref> In 1994, the Honors surpassed competing hotel [[loyalty program]]s by offering members both hotel credit points and [[Frequent-flyer program|airline credit miles]].<ref name="Collis">{{Cite news |last=Collis |first=Roger |date=December 23, 1994 |title=Don't Lose Expiring Flier Miles |work=The New York Times |url=https://www.nytimes.com/1994/12/23/style/23iht-frequent.html |url-status=live |access-date=September 6, 2017 |archive-url=https://web.archive.org/web/20171102213749/http://www.nytimes.com/1994/12/23/style/23iht-frequent.html |archive-date=November 2, 2017}}</ref><ref name="Reynolds">{{Cite news |last=Reynolds |first=Christopher |date=January 30, 1994 |title=Frequent Fliers May Find Less Turbulence Overseas : Trends: It's getting harder to qualify for free domestic flights, easier to earn foreign freebies. |work=Los Angeles Times |url=https://www.latimes.com/archives/la-xpm-1994-01-30-tr-16855-story.html |url-status=live |access-date=September 6, 2017 |archive-url=https://web.archive.org/web/20180428184319/http://articles.latimes.com/1994-01-30/travel/tr-16855_1_frequent-fliers |archive-date=April 28, 2018}}</ref> In 1998, Hilton spun off its gambling operations into a separate, publicly held company called [[Park Place Entertainment]] (later Caesars Entertainment, Inc.)<ref>{{Cite web |last=Thompson |first=Gary |date=September 2, 1999 |title=Park Place to become world's biggest gaming firm – Las Vegas Sun Newspaper |url=https://lasvegassun.com/news/1999/sep/02/park-place-to-become-worlds-biggest-gaming-firm/ |access-date=April 29, 2020 |website=lasvegassun.com |language=en}}</ref> In 1999, Hilton acquired [[Promus Hotel Corporation]], which included the DoubleTree, [[Red Lion Hotels|Red Lion]], Embassy Suites, Hampton Inn, and Homewood Suites brands.<ref>{{Cite news |last=Petersen |first=Melody |date=September 8, 1999 |title=Hilton to Buy Promus Chain |work=The New York Times |url=https://query.nytimes.com/gst/fullpage.html?res=9402EEDE163DF93BA3575AC0A96F958260 |url-status=live |access-date=March 23, 2008 |archive-url=https://web.archive.org/web/20081201035944/http://query.nytimes.com/gst/fullpage.html?res=9402EEDE163DF93BA3575AC0A96F958260 |archive-date=December 1, 2008}}</ref> === 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 Corporation|Trans World Corp.]], the holding company for [[Trans World Airlines]]. As a result, there were two separate, fully independent companies operating hotels under the Hilton name. 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. Those Hilton Hotels outside the U.S. were, until 2006, styled as "Hilton International" hotels. <ref>{{Cite web |title=HILTON INTERN. CO., INC. - 888 F.Supp. 520 (1995) – upp52011326 – Leagle.com |url=https://www.leagle.com/decision/19951408888fsupp52011326 |url-status=live |archive-url=https://web.archive.org/web/20170902145900/https://www.leagle.com/decision/19951408888fsupp52011326 |archive-date=September 2, 2017 |access-date=April 28, 2018 |website=leagle.com}}</ref> In 1986, Hilton International was sold to [[UAL Corporation|UAL Corp.]], the holding company for [[United Airlines]], for $980 million.<ref>{{cite web | url=https://www.latimes.com/archives/la-xpm-1986-12-24-fi-4-story.html | title=UAL to Buy Hilton International for $980 Million After KLM Cancels Deal | website=[[Los Angeles Times]] | date=December 24, 1986 }}</ref> UAL was reorganized as Allegis Corp. in an attempt to re-incarnate itself as a full-service travel company, encompassing [[Westin Hotels]] and [[The Hertz Corporation|Hertz rental cars]] in addition to Hilton International and United Airlines. In 1987, after a corporate [[putsch]], the renamed Allegis sold Hilton International to [[Ladbrokes|Ladbroke Group plc]], a British leisure and gambling company, for $1.07 billion.<ref>{{cite web | url=https://www.nytimes.com/1987/09/05/business/ladbroke-to-buy-hilton-international.html | title=Ladbroke to Buy Hilton International | work=The New York Times | date=September 5, 1987 | last1=Wayne | first1=Leslie }}</ref> In May 1999, Ladbrokes was reorganized as "Hilton Group plc."<ref>{{Cite web |last=Killgren |first=Lucy |date=April 22, 1999 |title=Name Stake |url=http://www.marketingweek.co.uk/name-stake/2010226.article |url-status=live |archive-url=https://web.archive.org/web/20130525120338/http://www.marketingweek.co.uk/name-stake/2010226.article |archive-date=May 25, 2013 |access-date=June 18, 2012 |website=Marketing Week}}</ref> [[File:Hilton Event Photo 2.png|thumb|CEO [[Peter George (businessman)|Peter George]], John Jackson and [[Stephen Bollenbach|Steve Bollenbach]] at a Ladbroke-Hilton event.]] In 1997, to minimize longtime [[consumer confusion]], the American-owned Hilton and British-owned Hilton International 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 was restyled as one of the luxury brands of Hilton, operating hotels within the U.S. and abroad. === 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.<ref>{{Cite web |title=Hilton Sells Red Lion, Select Doubletrees To WestCoast |url=http://www.hotelinteractive.com/index.asp?page_id=5000&article_id=1229 |url-status=dead |archive-url=https://web.archive.org/web/20061112175159/http://www.hotelinteractive.com/index.asp?page_id=5000&article_id=1229 |archive-date=November 12, 2006 |access-date=March 23, 2008}}</ref> 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.<ref>{{Cite web |title=About Us |url=http://www.livingwell.com/about-us |url-status=live |archive-url=https://web.archive.org/web/20140702042545/http://www.livingwell.com/about-us |archive-date=July 2, 2014 |access-date=December 3, 2014 |publisher=LivingWell Health Clubs}}</ref> On February 23, 2006, the deal closed, making Hilton Hotels the world's fifth-[[List of chained-brand hotels|largest hotel operator]] in number of rooms.<ref>{{Cite web |title=The 2006 Ranking of the Top 10 Hotel Groups Worldwide / April 2006 |url=http://www.hotel-online.com/News/PR2006_2nd/Apr06_TopTenGroups.html |url-status=dead |archive-url=https://web.archive.org/web/20150924031406/http://www.hotel-online.com/News/PR2006_2nd/Apr06_TopTenGroups.html |archive-date=September 24, 2015 |access-date=August 15, 2015}}</ref> Scandic Hotels was sold the next year on March 1 to [[EQT AB]].<ref>{{Cite web|url=http://www.eqt.se/Page____557.aspx?epslanguage=DE|archive-url=https://web.archive.org/web/20070330105719/http://www.eqt.se/Page____557.aspx?epslanguage=DE|url-status=dead|title=www.eqt.se|archive-date=March 30, 2007|access-date=March 11, 2023}}</ref> On July 3, 2007, Hilton Hotels Corp. agreed to an all-cash buyout from the [[The Blackstone Group|Blackstone Group LP]] in a $26 billion (including debt) deal that would make Blackstone the world's largest hotel owner.<ref>Louise Story, "Blackstone to Buy Hilton Hotels for $26 Billion," [https://www.nytimes.com/2007/07/04/business/04deal.html New York Times, July 4, 2007] {{webarchive|url=https://web.archive.org/web/20170318070453/http://www.nytimes.com/2007/07/04/business/04deal.html |date=March 18, 2017 }}.</ref> 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.<ref>{{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}}</ref> The deal was the culmination of a year of on and off discussions with Blackstone.<ref>David Carey & John E. Morris, ''[http://king-of-capital.com/ King of Capital: The Amazing Rise, Fall and Rise Again of Steve Schwarzman and Blackstone] {{webarchive|url=https://web.archive.org/web/20110108184556/http://king-of-capital.com/ |date=January 8, 2011 }}'' (Crown 2010), pp. 254.</ref> In October 2007, Christopher J. Nassetta was appointed president and chief executive officer of Hilton.<ref>{{Cite web |last=Clausing |first=Jeri |date=November 5, 2016 |title=Blackstone goes with Nassetta over Hart as Hilton CEO |url=http://www.travelweekly.com/Travel-News/Hotel-News/Blackstone-goes-with-Nassetta-over-Hart-as-Hilton-CEO |url-status=live |archive-url=https://web.archive.org/web/20160916214939/http://www.travelweekly.com/Travel-News/Hotel-News/Blackstone-goes-with-Nassetta-over-Hart-as-Hilton-CEO |archive-date=September 16, 2016 |access-date=June 28, 2016 |website=Travel Weekly |publisher=Northstar Travel Media, LLC}}</ref> In February 2009, Hilton Hotels Corp. announced that its headquarters were moving from Beverly Hills, California to Fairfax County, Virginia.<ref>{{Cite web |title=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/20171223102545/https://www.fairfaxcountyeda.org/pressrelease/hilton-hotels-corporation-move-headquarters-beverly-hills-fairfax-county |archive-date=December 23, 2017 |access-date=December 23, 2017 |website=www.fairfaxcountyeda.org}}</ref> 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 before the [[2008 financial crisis]]. In April 2010, Hilton and Blackstone restructured the debt with Blackstone invested a further $800 million of equity and the debt was reduced to $16 billion.<ref>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.</ref> 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.<ref>{{Cite web |last=Cohan |first=William |date=September 11, 2014 |title=Blackstone's $26 Billion Hilton Deal: The Best Leveraged Buyout Ever |url=https://www.bloomberg.com/news/articles/2014-09-11/blackstones-hilton-deal-best-leveraged-buyout-ever |url-status=live |archive-url=https://web.archive.org/web/20160713102828/http://www.bloomberg.com/news/articles/2014-09-11/blackstones-hilton-deal-best-leveraged-buyout-ever |archive-date=July 13, 2016 |access-date=June 28, 2016 |publisher=Bloomberg L.P.}}</ref> The Blackstone Group retained a 45.8% stake in the company.<ref name="Securities and Exchange Commission" /> The company announced in February 2016 that Hilton would turn its hotel holdings into a [[real estate investment trust]]. <ref>{{Cite news |last=Rubin |first=Liz Hoffman And Richard |title=Hilton to Spin Off Hotel Properties Into Real-Estate Investment Trust |work=The Wall Street Journal |url=https://www.wsj.com/articles/hilton-to-spin-off-hotel-properties-into-real-estate-investment-trust-1450300095 |url-status=live |access-date=January 2, 2016 |archive-url=https://web.archive.org/web/20160101195059/http://www.wsj.com/articles/hilton-to-spin-off-hotel-properties-into-real-estate-investment-trust-1450300095 |archive-date=January 1, 2016 |issn=0099-9660}}</ref> In February 2016, Hilton announced its intention to spin off its timeshare and real estate businesses, creating three independent public companies.<ref>{{Cite news |last=Ajmera |first=Ankit |date=February 26, 2016 |title=Hilton to spin off real estate, timeshare businesses |work=Reuters |url=https://www.reuters.com/article/us-hilton-wrldwide-reit-idUSKCN0VZ1EP |url-status=live |access-date=June 15, 2016 |archive-url=https://web.archive.org/web/20160505200919/http://www.reuters.com/article/us-hilton-wrldwide-reit-idUSKCN0VZ1EP |archive-date=May 5, 2016}}</ref> The spin-offs of [[Park Hotels & Resorts]] and [[Hilton Grand Vacations]] were completed in January 2017.<ref>{{Cite news |last=Bhattarai |first=Abha |date=January 6, 2017 |title=Hilton completes split into three independent companies |newspaper=Washington Post |url=https://www.washingtonpost.com/business/hilton-completes-split-into-three-independent-companies/2017/01/06/04414772-d287-11e6-a783-cd3fa950f2fd_story.html?noredirect=on |access-date=June 7, 2018}}</ref> As of 2018, the company is a fully independent publicly traded company after the exits of Blackstone and HNA.<ref>{{Cite web |date=May 18, 2018 |title=Blackstone Exits Hilton, Earning $14 Billion After 11 Years |url=https://www.bloomberg.com/news/articles/2018-05-18/blackstone-is-said-to-plan-sale-of-remaining-stake-in-hilton |access-date=September 26, 2020 |website=Bloomberg.com}}</ref> On February 7, 2024, Hilton announced an exclusive partnership with Small Luxury Hotels of the World.<ref>{{Cite web |date=2024-02-07 |title=Hilton Partners with Small Luxury Hotels of the World™ To Dramatically Expand Global Luxury Portfolio |url=https://stories.hilton.com/releases/hilton-partners-with-small-luxury-hotels-of-the-world-to-dramatically-expand-global-luxury-portfolio |access-date=2024-09-24 |website=Stories From Hilton |language=en}}</ref> 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.<ref>{{Cite web |last=O'Neill |first=Sean |date=2024-04-03 |title=Hilton Takes Control of Sydell Group, Aims to Add 100 NoMad Hotels |url=https://skift.com/2024/04/03/hilton-takes-control-of-sydell-group-aims-to-add-100-nomad-hotels/ |access-date=2024-04-04 |website=Skift |language=en-US}}</ref> == Brands == [[File:Conrad Hotel Tokyo.JPG|thumb|Conrad in [[Tokyo]]]] [[File:DoubleTree by Hilton Hotel Cairns, Queensland.jpg|thumb|Doubletree by Hilton in [[Cairns]]]] [[File:A Hampton Inn hotel in Blue Ridge, Georgia 01.jpg|thumb|Hampton by Hilton in [[Blue Ridge, Georgia]]]] [[File:Elara, Hilton Grand Vacations - Las Vegas 02.jpg|thumb|Hilton Grand Vacations in [[Las Vegas]]]] 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.<ref name="SEC-Outline" /> As of 2024, Hilton Worldwide owns 22 hotel and resort brands that cover a variety of areas in the hospitality sector in six internal categories:<ref>{{cite web |title=Hilton Brands {{!}} Global Hospitality Company |url=https://www.hilton.com/en/corporate/ |website=Hilton Corporate |access-date=25 May 2024}}</ref> === Luxury === * [[Waldorf Astoria Hotels & Resorts]] * [[Conrad Hotels]] * [[LXR Hotels & Resorts]] * [[NoMad Hotels]] === Lifestyle === * [[Canopy by Hilton]] * [[Curio (brand)|Curio Collection by Hilton]] * [[Graduate by Hilton]] * [[Tapestry Collection by Hilton]] * [[Tempo by Hilton]] * [[Motto by Hilton]] === Full Service === * [[Hilton Hotels & Resorts]] * [[DoubleTree|DoubleTree by Hilton]] === Focused Service === * [[Hilton Garden Inn]] * [[Hampton by Hilton]] * [[Tru by Hilton]] * [[Spark by Hilton]] === All Suites === * [[Embassy Suites by Hilton]] * [[Homewood Suites by Hilton]] * [[Home2 Suites by Hilton]] * [[LivSmart Studios by Hilton]] === Vacation Ownership === * [[Hilton Vacation Club]] * [[Hilton Club]] * [[Hilton Grand Vacations]] === 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.<ref name="Karmin">{{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/20160624223514/http://www.wsj.com/articles/SB10001424052702303281504579222492972577848 |archive-date=June 24, 2016 |url-status=live}}</ref> 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.{{cn|date=May 2024}} == Corporate affairs == === Head offices === [[File:Hilton Worldwide headquarters in Virginia seen from Jones Branch Drive.jpg|thumb|Hilton Worldwide headquarters in [[Tysons, Virginia]]]] The company has its headquarters in [[Tysons, Virginia|Tysons]], Virginia, and an operations center in [[Memphis, Tennessee|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.<ref>"[http://www.hiltonworldwide.com/contact-us/ Contact Us] {{webarchive|url=https://web.archive.org/web/20140826071228/http://www.hiltonworldwide.com/contact-us/ |date=2014-08-26 }}." Hilton Worldwide. Retrieved on August 17, 2014.</ref> === 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 195 million members.<ref>{{cite web |title=Hilton Honors Fact Sheet |url=https://stories.hilton.com/hilton-honors-fact-sheet |website=Stories From Hilton |language=en}}</ref> 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.<ref>{{Cite web |date=2024-04-16 |title=Point and Mile Values |url=https://awardwallet.com/point-mile-values/hilton |access-date=2024-04-16 |website=AwardWallet}}</ref> Hilton renamed the Hilton HHonors program to ''Hilton Honors'' in February 2017.<ref>{{Cite web |last=Schlappig |first=Benjamin |date=January 31, 2017 |title=Full Details Of The New Hilton Honors Program |url=http://onemileatatime.boardingarea.com/2017/01/31/hilton-honors-program-changes/ |url-status=live |archive-url=https://web.archive.org/web/20170203012705/http://onemileatatime.boardingarea.com/2017/01/31/hilton-honors-program-changes/ |archive-date=February 3, 2017 |access-date=February 2, 2017 |website=One Mile At A Time |publisher=Boarding Area}}</ref> === 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.<ref>{{Cite news |date=December 6, 2011 |title=CareerBliss 50 Happiest Companies for 2012 |work=CareerBliss |url=http://www.careerbliss.com/facts-and-figures/careerbliss-50-happiest-companies-for-2012-13/ |url-status=live |archive-url=https://web.archive.org/web/20130901100120/http://www.careerbliss.com/facts-and-figures/careerbliss-50-happiest-companies-for-2012-13/ |archive-date=September 1, 2013}}</ref> 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.<ref>{{Cite magazine |date=December 12, 2011 |title=10 Happiest Places to Work: Is Your Job on the List? |magazine=Time |url=https://business.time.com/2011/12/12/10-happiest-places-to-work-is-your-job-on-the-list/ |url-status=live |archive-url=https://web.archive.org/web/20120107172350/http://moneyland.time.com/2011/12/12/10-happiest-places-to-work-is-your-job-on-the-list/ |archive-date=January 7, 2012}}</ref> Hilton has scored 100% on the [[Corporate Equality Index]] each year from 2014 to 2017.<ref>{{Cite web |title=Awards & Recognition- Hilton Global Media Center |url=http://news.hiltonworldwide.com/index.cfm/page/7004 |url-status=live |archive-url=https://web.archive.org/web/20170217195559/http://news.hiltonworldwide.com/index.cfm/page/7004 |archive-date=February 17, 2017 |access-date=April 28, 2018 |website=news.hiltonworldwide.com}}</ref> In 2016, Hilton was named one of the "World's 25 Best Multinational Workplaces" by ''[[Fortune (magazine)|Fortune]]'' and Great Place to Work.<ref>{{Cite magazine|date=October 26, 2016 |title=The 25 Best Global Companies to Work For |url=http://fortune.com/2016/10/26/best-global-companies/ |url-status=live |magazine=Fortune |archive-url=https://web.archive.org/web/20161104145625/http://fortune.com/2016/10/26/best-global-companies/ |archive-date=November 4, 2016 |access-date=November 10, 2016}}</ref><ref>{{Cite web |date=2016 |title=2016 World's Best Multinational Workplaces |url=http://www.greatplacetowork.net/best-companies/worlds-best-multinationals/the-list |url-status=live |archive-url=https://web.archive.org/web/20161031170947/http://www.greatplacetowork.net/best-companies/worlds-best-multinationals/the-list |archive-date=October 31, 2016 |access-date=November 10, 2016 |publisher=Great Place to Work}}</ref><ref>{{Cite web |last=Ting |first=Deanna |date=November 1, 2016 |title=The 3 Hotel Brands on Fortune's List of Best Global Workplaces for 2016 |url=https://skift.com/2016/11/01/the-3-hotels-on-fortunes-list-of-best-global-workplaces-for-2016/ |url-status=live |archive-url=https://web.archive.org/web/20161102160708/https://skift.com/2016/11/01/the-3-hotels-on-fortunes-list-of-best-global-workplaces-for-2016/ |archive-date=November 2, 2016 |access-date=November 10, 2016 |website=Skift}}</ref> In 2017, ''Fortune'' ranked Hilton number 26 in their list of "The 100 Best Companies to Work For".<ref>{{Cite magazine |title=#26: Hilton |url=http://beta.fortune.com/best-companies/hilton-worldwide-26 |url-status=live |magazine=[[Fortune (magazine)|Fortune]] |archive-url=https://web.archive.org/web/20170520115216/http://beta.fortune.com/best-companies/hilton-worldwide-26 |archive-date=May 20, 2017 |access-date=May 5, 2017}}</ref><ref>{{Cite magazine |title=The 100 Best Companies to Work For |url=http://beta.fortune.com/best-companies/ |url-status=live |magazine=Fortune |archive-url=https://web.archive.org/web/20170504075640/http://beta.fortune.com/best-companies |archive-date=May 4, 2017 |access-date=May 5, 2017}}</ref> In 2019, ''Fortune'' ranked Hilton number 1 in their list of "The 100 Best Companies to Work For".<ref>{{Cite web |title=Hilton |url=http://fortune.com/best-companies/hilton-worldwide-holdings/ |access-date=February 18, 2019 |website=Fortune}}</ref> == 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.<ref>{{Cite web |title=50 Years: New York Hilton Midtown |url=http://www.hiltonlibrary.com/Anniversary%20Brochure/HILTON%20NY_HISTORY%20BROCHURE_R2%20V3.pdf |url-status=dead |archive-url=https://web.archive.org/web/20171216091236/http://www.hiltonlibrary.com/Anniversary%20Brochure/HILTON%20NY_HISTORY%20BROCHURE_R2%20V3.pdf |archive-date=December 16, 2017 |access-date=December 15, 2017 |publisher=Hilton}}</ref> * 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''.<ref>{{Cite AV media |url=http://www.worldcat.org/oclc/994028060 |title=2001: A Spacy Odyssey |date=April 3, 1968 |publisher=[[Metro-Goldwyn-Mayer]] |others=Directed by Stanley Kubrick. Screenplay by Arthur C. Clarke and Stanley Kubrick. Cinematography by Geoffrey Unsworth. Edited by Ray Lovejoy. Produced by Stanley Kubrick |time=26 mins 54 sec |time-caption=Hilton scene occurs at time index |format=Motion picture |oclc=994028060}}</ref><ref>{{Cite web |last=Novak |first=Matt |date=November 18, 2014 |title=What happened to Hilton's 'hotel on the Moon'? |url=http://www.bbc.com/future/story/20120712-where-is-hiltons-lunar-hotel |url-status=live |archive-url=https://web.archive.org/web/20171220151558/http://www.bbc.com/future/story/20120712-where-is-hiltons-lunar-hotel |archive-date=December 20, 2017 |website=BBC}}</ref> * [[John Lennon]] and [[Yoko Ono]] honeymooned in the presidential suite at the [[Hilton Amsterdam]], where they hosted one of their famous "[[Bed-In]]s" for a full week in 1969.<ref>{{Cite news |last=Adler |first=Margot |date=August 25, 2009 |title=After 40 Years, The Bed-In Reawakens |publisher=NPR |url=https://www.npr.org/templates/story/story.php?storyId=112082796 |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171216034746/https://www.npr.org/templates/story/story.php?storyId=112082796 |archive-date=December 16, 2017}}</ref> * In 1971, ''[[Diamonds Are Forever (film)|Diamonds Are Forever]]'' was filmed at the [[Westgate Las Vegas Resort & Casino|Las Vegas Hilton]].<ref>{{Cite news |last=Lawrence |first=Christopher |date=November 4, 2015 |title=When James Bond came to Las Vegas |work=[[Las Vegas Review-Journal]] |url=https://www.reviewjournal.com/entertainment/entertainment-columns/christopher-lawrence/when-james-bond-came-to-las-vegas-photos/ |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20170924045352/https://www.reviewjournal.com/entertainment/entertainment-columns/christopher-lawrence/when-james-bond-came-to-las-vegas-photos/ |archive-date=September 24, 2017 |issn=1097-1645}}</ref> * On April 3, 1973, Dr. [[Martin Cooper (inventor)|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.<ref>{{Cite news |last=Kennedy |first=Pagan |date=March 15, 2013 |title=Who Made That Cellphone? |work=The New York Times |url=https://www.nytimes.com/2013/03/17/magazine/who-made-that-cellphone.html |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171104211818/http://www.nytimes.com/2013/03/17/magazine/who-made-that-cellphone.html |archive-date=November 4, 2017}}</ref><ref>{{Cite web |last=Cheng |first=Roger |title=The first call from a cell phone was made 40 years ago today |url=https://www.cnet.com/news/the-first-call-from-a-cell-phone-was-made-40-years-ago-today/ |url-status=live |archive-url=https://web.archive.org/web/20171216040129/https://www.cnet.com/news/the-first-call-from-a-cell-phone-was-made-40-years-ago-today/ |archive-date=December 16, 2017 |access-date=December 15, 2017 |website=[[CNET]] |publisher=[[CBS Interactive]]}}</ref> * In 1976, during a music tour, [[Ike Turner|Ike]] and [[Tina Turner]] were staying at the Statler Hilton (now the [[The Statler Hotel & Residences|Statler Hotel & Residences]]) in downtown [[Dallas, Texas|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 (1993 film)|What's Love Got to Do with It]]''.<ref>{{Cite news |last=Runtagh |first=Jordan |date=October 26, 2017 |title=Tina Turner Recalls the Night She Risked Her Life to Flee Her Abusive Husband—and Musical Partner—Ike |work=People |url=https://people.com/music/tina-turner-ike-abusive-relationship-risked-life/ |access-date=December 5, 2018}}</ref><ref>{{Cite magazine |last=Tyehimba |first=Cheo |date=August 2, 1996 |title=Tina Turner left Ike 20 years ago |url=https://ew.com/article/1996/08/02/tina-turner-left-ike-20-years-ago/ |magazine=Entertainment Weekly |access-date=December 5, 2018}}</ref> * ''[[The Bodyguard (1992 film)|The Bodyguard]]'' with [[Whitney Houston]] and [[Kevin Costner]] was filmed at the [[Fontainebleau Miami Beach|Fontainebleau Hilton]] in Miami in 1992.<ref>{{Cite news |last=Diaz |first=Johnny |date=October 31, 2017 |title='The Bodyguard,' shot at Fontainebleau Miami Beach, turns 25 |work=[[Sun-Sentinel]] |url=http://www.sun-sentinel.com/features/fl-fea-fontainebleau-miami-bodyguard-movie-album-20171031-story.html |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171216034844/http://www.sun-sentinel.com/features/fl-fea-fontainebleau-miami-bodyguard-movie-album-20171031-story.html |archive-date=December 16, 2017 |issn=0744-8139}}</ref><ref>{{Cite news |last=Duran |first=Jose D. |date=February 14, 2012 |title=The Bodyguard: Whitney Houston's Moment Under the Miami Sun |work=[[Miami New Times]] |url=http://www.miaminewtimes.com/arts/the-bodyguard-whitney-houstons-moment-under-the-miami-sun-6491980 |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171216034756/http://www.miaminewtimes.com/arts/the-bodyguard-whitney-houstons-moment-under-the-miami-sun-6491980 |archive-date=December 16, 2017}}</ref> 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.<ref name="Kennedy">{{Cite news |last=Kennedy |first=Garrick |date=February 8, 2013 |title=What will happen to the room Whitney Houston died in? |work=[[Los Angeles Times]] |url=https://www.latimes.com/entertainment/music/posts/la-et-ms-what-will-happen-to-the-room-whitney-houston-died-in-20130207-story.html |access-date=November 6, 2015}}</ref><ref>{{Cite web |last1=Wynter |first1=Kareen |last2=Martinez |first2=Michael |date=March 22, 2012 |title=Coroner: Drowning, heart disease, cocaine use killed Houston |url=http://news.blogs.cnn.com/2012/03/22/coroner-drowning-heart-disease-cocaine-use-killed-houston/ |access-date=March 22, 2012 |publisher=CNN |archive-date=March 24, 2012 |archive-url=https://web.archive.org/web/20120324164039/http://news.blogs.cnn.com/2012/03/22/coroner-drowning-heart-disease-cocaine-use-killed-houston/ |url-status=dead }}</ref> * In 1995, the [[James Bond]] movie ''[[GoldenEye]]'' was filmed at the [[Langham Hilton]].<ref>{{Cite magazine |last=Smith |first=Mark |date=November 9, 2012 |title=Where to Vacation Like James Bond |url=https://www.cntraveler.com/galleries/2012-11-09/james-bond-hotel-stays-destinations-photos |url-status=live |magazine=[[Condé Nast Traveler]] |issn=0893-9683 |archive-url=https://web.archive.org/web/20171216034720/https://www.cntraveler.com/galleries/2012-11-09/james-bond-hotel-stays-destinations-photos |archive-date=December 16, 2017 |access-date=December 15, 2017}}</ref><ref>{{Cite book |last=Mourby |first=Adrian |url=https://books.google.com/books?id=EuonDwAAQBAJ&pg=PT46 |title=Rooms with a View: The Secret Life of Great Hotels |date=November 2, 2017 |publisher=Icon Books |isbn=978-1-78578-276-3 |page=46 |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20180428184319/https://books.google.com/books?id=EuonDwAAQBAJ&pg=PT46&lpg=PT46&dq |archive-date=April 28, 2018 |url-status=live}}</ref> * ''[[The Insider (film)|The Insider]]'' was filmed in 1999 at the [[Seelbach Hilton]].<ref>{{Cite news |last=Pfeuffer |first=Charyn |date=January 27, 2008 |title=Bourbon, barbecue and a taste of history in Louisville |work=[[New Haven Register]] |url=http://www.nhregister.com/travel/article/Bourbon-barbecue-and-a-taste-of-history-in-3230965.php |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171216034552/http://www.nhregister.com/travel/article/Bourbon-barbecue-and-a-taste-of-history-in-3230965.php |archive-date=December 16, 2017}}</ref> * In 2006, several movies including ''[[Spider-Man 3]]'',<ref>{{Cite news |last=O'Leary |first=Noreen |date=November 9, 2009 |title='Up in the Air' Grounds Hilton in Star-Power Marketing |work=[[Adweek]] |url=http://www.adweek.com/brand-marketing/air-grounds-hilton-star-power-marketing-106647/ |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171216035254/http://www.adweek.com/brand-marketing/air-grounds-hilton-star-power-marketing-106647/ |archive-date=December 16, 2017 |issn=0199-2864}}</ref> ''[[Michael Clayton (film)|Michael Clayton]]'', and ''[[American Gangster (film)|American Gangster]]'' were filmed at the New York Hilton.<ref>{{Cite book |last=Landau |first=David |url=https://books.google.com/books?id=A2SVAwAAQBAJ&pg=PA134 |title=Lighting for Cinematography: A Practical Guide to the Art and Craft of Lighting for the Moving Image |date=July 10, 2014 |publisher=A&C Black |isbn=978-1-62892-692-7 |page=134 |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20180428184319/https://books.google.com/books?id=A2SVAwAAQBAJ&pg=PA134&lpg=PA134&dq |archive-date=April 28, 2018 |url-status=live}}</ref><ref>{{Cite magazine |title=Hilton New York |url=https://nymag.com/listings/hotel/hilton-new-york/ |url-status=live |magazine=[[New York (magazine)|New York]] |issn=0028-7369 |archive-url=https://web.archive.org/web/20171216034806/http://nymag.com/listings/hotel/hilton-new-york/ |archive-date=December 16, 2017 |access-date=December 15, 2017}}</ref> * 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.<ref>{{Cite news |last=Galehouse |first=Maggie |date=October 11, 2009 |title=Mad Men nails its history |work=[[Houston Chronicle]] |url=http://www.chron.com/life/article/Mad-Men-nails-its-history-1727172.php |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171216034631/http://www.chron.com/life/article/Mad-Men-nails-its-history-1727172.php |archive-date=December 16, 2017 |issn=1074-7109}}</ref> The Drapers travel during one episode to the Cavalieri Hilton in Rome,<ref>{{Cite news |date=October 9, 2011 |title=Rome on film |work=[[Orange County Register]] |url=http://www.ocregister.com/2011/10/09/rome-on-film/ |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171216091129/http://www.ocregister.com/2011/10/09/rome-on-film/ |archive-date=December 16, 2017 |issn=0886-4934 |oclc=12199155}}</ref> though the scenes were actually shot at the [[Dorothy Chandler Pavilion]] in Los Angeles.<ref>{{Cite news |last=Villarreal |first=Yvonne |date=March 26, 2015 |title='Mad Men's' final premiere event is a grand affair |work=Los Angeles Times |url=https://www.latimes.com/entertainment/tv/showtracker/la-et-st-mad-men-premiere-dorothy-chandler-pavilion-20150326-story.html |url-status=live |access-date=December 15, 2017 |archive-url=https://web.archive.org/web/20171216034814/http://www.latimes.com/entertainment/tv/showtracker/la-et-st-mad-men-premiere-dorothy-chandler-pavilion-20150326-story.html |archive-date=December 16, 2017 |issn=0458-3035 |oclc=3638237}}</ref> * Hilton Hotel is featured in [[Mũkoma wa Ngũgĩ|Mukoma wa Ngugi]]'s crime fiction novel, [[Nairobi Heat]]. == References == {{reflist}} == External links == * {{Commons category-inline}} * {{Official website|https://www.hilton.com/en/corporate}} {{Finance links | name = Hilton Worldwide Holdings Inc. | symbol = HLT | sec_cik = 1585689 | google = HLT:NYSE | yahoo = HLT }} {{portalbar|Hotels}} {{Hilton Family}} {{Blackstone Companies}} {{Hotel chains}} {{Authority control|state=expanded}} [[Category:Hilton Worldwide| ]] [[Category:1919 establishments in Texas]] [[Category:Companies based in McLean, Virginia]] [[Category:Hospitality companies established in 1919]] [[Category:Hospitality companies]] [[Category:Companies listed on the New York Stock Exchange]] [[Category:Hotel chains in the United States]] [[Category:Private equity portfolio companies]] [[Category:2013 initial public offerings]] '''Hilton'''
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