For Hilton Worldwide's Hotel Deal-Maker It's All About the Timing
Skift Take
Hilton Worldwide's Hampton has evolved from a midscale to an upper midscale brand, leaving Hilton without an answer for people looking for a stay in a midscale-priced property. Whether it's an acquisition or the development of a new brand, Hilton is busy looking for an answer.
The Caribbean is heating up in hotel development for Hilton Worldwide and that's largely because things are getting too expensive or saturated in big cities in the U.S. at the moment.
That's the view of Bill Fortier, Hilton Worldwide's senior vice president of development, Americas, who is attuned to how perceptions of the economic cycle and its twists and turns impact the hotel-development pipeline.
“When the Caribbean starts to get hot like it is now with people calling about new opportunities and new projects, that’s when you know we’re at the top of the cycle," Fortier says. "People focus on North America first when the economy’s going and there are good yields. Now it is getting too expensiv
