Hilton RevPAR up 41.6% y-o-y in 4Q2023, with biggest hotel pipeline in APAC this year
By Nur Hikmah Md Ali
/ EdgeProp Singapore |
A newly refurbished deluxe room at Conrad Singapore Orchard (Photo: Hilton)
The growth in leisure travel last year fuelled Hilton’s RevPAR growth by 41.6% y-o-y in 4Q2023, with Beijing, Tokyo and Kuala Lumpur standing out as its best-performing markets, the global hospitality company announced in a press release on Feb 8. Occupancy across its hotels was 70.2%.
For the whole year, APAC RevPAR grew 58.7%, while Greater China RevPAR jumped by 72.8%.
Hilton introduced 143 hotels to its portfolio last year, 45 of which opened in 4Q2023, including the rebranded Conrad Singapore Orchard on Cuscaden Road. It is the highest number of new hotel openings in any quarter in the group’s history.
Conrad Singapore Orchard opened in January with 445 guest rooms and 46 suites refurbished (Photo: Hilton)
The refurbished Conrad Singapore Orchard, its second Conrad Hotels & Resorts property in Singapore, opened in January. The hotel is jointly owned by Pontiac Land Group and Kajima Corp in a 75:25 split. Hilton took over the management of the hotel after the previous contract with Capella Hotel ended in January 2020. It has 445 guest rooms and 46 suites.
Hilton has 761 operational hotels in the region, with a total room count of 165,895. Another 861 hotels with 156,287 rooms are in the pipeline. This brings the total number of hotels to 1,622 with a room count of 322,182.
Swimming pool of Conrad Singapore Orchard (Photo: Hilton)
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp FacebookSubscribe to our newsletter
Top Articles
Search Articles