Hilton Worldwide Holdings Inc. is set to achieve a significant milestone in Saudi Arabia, with plans to reach 100 hotels either trading or in the pipeline by the end of this year. This expansion will see the introduction of 21,000 new rooms across the Kingdom, reinforcing Hilton's commitment to the Saudi Vision 2030 by enhancing the country's hospitality sector. Currently operating 20 hotels, Hilton has 77 additional properties in development, accounting for a quarter of all branded hotel rooms under construction in Saudi Arabia. This expansion is expected to create over 15,000 jobs and includes the debut of Spark by Hilton in Makkah, marking its entry into the Middle East market.
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.