Hilton Worldwide reported its fourth quarter and full year 2016 results, the Company completed the spin-off of Park Hotels & Resorts and Hilton Grand Vacations in January 2017.
All results herein present the performance of Hilton without giving effect to the spin-offs, unless otherwise specified.
Additionally, all share and share-related information presented herein have been retroactively adjusted to reflect the 1-for-3 reverse stock split of Hilton's outstanding common stock that occurred in January 2017 (the "Reverse Stock Split"), unless noted otherwise. Highlights include:
Approved 29,000 new rooms for development during the fourth quarter, bringing total approvals to a record 106,000 rooms for the full year
Grew development pipeline 16 percent from 2015 to 1,968 hotels, consisting of 310,000 rooms, 50 percent of which are under construction
Net unit growth was 45,000 rooms in 2016, representing a 6.6 percent growth in managed and franchised rooms
Added 354 hotels to its system in 2016, opening nearly one hotel per day in the year
Launched its newest brand, Tapestry Collection by Hilton, in January 2017
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