Hilton Debuts Spark Brand in Asia Pacific With India Launch

Skift11-19

Hilton Hotels is bringing its latest premium economy brand, Spark by Hilton, to India. The launch also marks Spark’s debut in the Asia-Pacific region. Hilton plans to open 150 Spark hotels across ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484399865?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/qfvNZj5YozO8On3UXH1a2Q--~B/aD02ODM7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/skift_501/187274fa3e768d451a3c1ddf9559788e","is_english":true,"pubTime":"2024-11-19 14:39","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2484399865","market":"us","top_or_hot":-1,"title":"Hilton Debuts Spark Brand in Asia Pacific With India Launch","media":"Skift","content":"<div>\n<p>Hilton Hotels is bringing its latest premium economy brand, Spark by Hilton, to India. The launch also marks Spark’s debut in the Asia-Pacific region. \nHilton plans to open 150 Spark hotels across ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hilton-debuts-spark-brand-asia-063953988.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hilton Debuts Spark Brand in Asia Pacific With India Launch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHilton Debuts Spark Brand in Asia Pacific With India Launch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 14:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hilton-debuts-spark-brand-asia-063953988.html><strong>Skift</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hilton Hotels is bringing its latest premium economy brand, Spark by Hilton, to India. The launch also marks Spark’s debut in the Asia-Pacific region. \nHilton plans to open 150 Spark hotels across ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hilton-debuts-spark-brand-asia-063953988.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/hilton-debuts-spark-brand-asia-063953988.html","article_id":"2484399865","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/qfvNZj5YozO8On3UXH1a2Q--~B/aD02ODM7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/skift_501/187274fa3e768d451a3c1ddf9559788e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484399865","pubTimestamp":1731998393,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Hilton Hotels is bringing its latest premium economy brand, Spark by Hilton, to India. The launch also marks Spark’s debut in the Asia-Pacific region.Hilton plans to open 150 Spark hotels across India, starting in Maharashtra, Andhra Pradesh, Telangana, Goa, Karnataka and Tamil Nadu, as it aims to tap into the fast-growing mid-market segment across major and emerging cities in the country.“Spark by Hilton will address a gap in the Indian market, offering affordable stays without compromise and capturing unmet demand for value and consistency across major and smaller cities,” said Alan Watts, president of Hilton Asia Pacific.The rollout will be in partnership with India’s Embassy Group, owners of Hilton Bengaluru Embassy Manyata Business Park and Hilton Garden Inn Bengaluru Embassy Manyata Business Park.Positioned in the $80–$100 per night category, Spark by Hilton was announced in January last year with 100 hotels at various stages of development, making it the fastest brand launch in ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4585":"ETF&股票定投概念","LU0823411888.USD":"法巴消费创新基金 Cap","BK4566":"资本集团","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4142":"酒店、度假村与豪华游轮","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","HLT":"希尔顿酒店"},"translate_title":"希尔顿Spark品牌在亚太地区首次亮相印度","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HLT":1},"content_text":"Hilton Hotels is bringing its latest premium economy brand, Spark by Hilton, to India. The launch also marks Spark’s debut in the Asia-Pacific region. \nHilton plans to open 150 Spark hotels across India, starting in Maharashtra, Andhra Pradesh, Telangana, Goa, Karnataka and Tamil Nadu, as it aims to tap into the fast-growing mid-market segment across major and emerging cities in the country.\n“Spark by Hilton will address a gap in the Indian market, offering affordable stays without compromise and capturing unmet demand for value and consistency across major and smaller cities,” said Alan Watts, president of Hilton Asia Pacific.\nThe rollout will be in partnership with India’s Embassy Group, owners of Hilton Bengaluru Embassy Manyata Business Park and Hilton Garden Inn Bengaluru Embassy Manyata Business Park.\nSpark: Hilton’s “Disruptive” Force\nPositioned in the $80–$100 per night category, Spark by Hilton was announced in January last year with 100 hotels at various stages of development, making it the fastest brand launch in Hilton’s history. \nSpeaking at the Skift Global Forum last year, CEO Chris Nassetta had described the conversion-friendly, premium economy brand as “not our sexiest, but the most disruptive,” stressing its potential to serve millions of value-conscious travelers.\nEmphasizing Spark’s strategic role as a feeder for Hilton’s more luxurious brands, Nasseta said, “Young travelers starting with Spark will eventually graduate to brands like LXR and Waldorf Astoria.”\nSpeaking at Hilton’s latest earnings call last month, Nassetta said more than 20 Spark hotels have opened in the third quarter and now there are over 6,000 Spark rooms in supply just a year after the brand opened its first property.\nWith hotels in the U.S., U.K. and Canada, Hilton recently announced plans to open Spark hotels in Germany and Austria before the end of the year.\n“The brand’s pipeline is three times larger than its existing supply, and we expect continued launches in international markets to further boost Spark’s trajectory, positioning us well for future growth in the premium economy space,” Nassetta said in the earnings call.\nThe India Market for Hilton\nIndia’s burgeoning middle class, infrastructure growth, and rising travel demand make it a prime market for Spark’s introduction. Kevin Jacobs, Hilton’s chief financial officer and global development president, highlighted the region’s long-term potential: “Rapid middle-class formation continues across South Asia, offering tremendous growth prospects for Hilton.”\nHilton’s expansion in India aligns with the country’s broader hospitality boom, supported by government investments in tourism infrastructure and a growing appetite for domestic and international travel. In 2024, Hilton expanded its portfolio in South Asia with openings in Nepal and new properties in India’s Surat, Jabalpur and Gurugram.\nThe debut of Spark in India is part of Hilton’s larger push into India. During the latest earnings call, Nasseta said that while revenue per available room (RevPar) was down by 3% year-over year in the third quarter in Asia Pacific, RevPAR in APAC excluding China increased 4%, led by strong performance in India.\nHilton is also introducing luxury brands like Waldorf Astoria and Curio Collection in South Asia with the Waldorf Astoria Jaipur, which is expected to open by 2027. And there are the Hilton flagship properties coming up in Udaipur and Lucknow reflecting Hilton’s commitment to Tier II and III cities, across market segments.\nSpark’s entry into India signals Hilton’s confidence in the premium economy segment, an area traditionally dominated by local and independent operators.\nAs Nassetta said at SGF last year, “The biggest segment of demand is economy. We hadn’t figured out how to do it and afford to have the service levels we needed. Now, we figured it out. We figured out how to touch every element of the customer-facing experience.”\n\nAccommodations Sector Stock Index Performance Year-to-Date\nWhat am I looking at? The performance of hotels and short-term rental sector stocks within the ST200. The index includes companies publicly traded across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares. \n\nThe Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more hotels and short-term rental financial sector performance.\nRead the full methodology behind the Skift Travel 200.\nGet breaking travel news and exclusive hotel, airline, and tourism research and insights at Skift.com.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484399865"}