Browns Hotels and Resorts

In 2024, Hilton achieved 7.3% net unit growth by adding nearly 1,000 hotels and strengthening its global pipeline, while expanding its brand portfolio with new lifestyle and luxury offerings worldwide.

Hilton will increase investment in China, continuing rapid expansion as their fastest-growing international market with 671 hotels and a strong pipeline of new properties.

Banyan Tree Higashiyama Kyoto, opening Q3 2024, will be Banyan Tree's first Japan hotel, featuring 52 guestrooms, a spa, and two dining options.

The global hotel industry is seeing increased activity with notable transactions in Vietnam, Macau, Japan, Sri Lanka, the Philippines, Thailand, and India. Key deals include Marriott International's operation of seven hotels from Vinpearl in Vietnam, Accor's new Novotel in Nara, Japan, and DoubleDragon's launch of the largest hotel in Bonifacio Global City in the Philippines. Several hotel brands are expanding their footprints, with Wyndham Hotels & Resorts signing two agreements with Fulcrum Ventures Asia and Marriott International's Fairfield brand entering Agra, India.