Hilton aims to increase the size of its UK estate by almost 25%, with the opening of 30 new hotels in the next two years.
According to The Daily Telegraph, the move is “a vote of confidence in the British economy as it moves to leave the European Union”.
The Daily Telegraph reported: “Hilton, which is majority owned by US private equity giant Blackstone, is due to open 30 hotels over the next two years as it moves to cement the nation’s place as its second largest market outside the US.”
The new openings will include sites in London, as well as regional cities such as York and Leeds, with a focus on its Hampton and Hilton Garden Inn brands.
The plans will include the Lincoln Plaza London in Canary Wharf, the second UK hotel in its Curio division, a collection of independent hotels that retain their identity but are run by Hilton or under a franchise agreement.
Simon Vincent, president of the Europe, Middle East and Africa division at Hilton, told the newspaper that its 138-strong estate in the UK had performed exceptionally well after being “buoyed by the devaluation of sterling”.
“I think there will definitely be growth but certain segments will perform less strongly than others,” he said. “But on average I think we will see positive growth year-on-year.”