Hilton's brand continues to strengthen amid a challenging industry environment.
While Hilton’s initial 2017 RevPAR target of 1%-3% and net unit growth of 50,000-55,000 rooms were in line with our 1.5% and 50,000 forecast, respectively, its third-quarter RevPAR was impacted more than expected by ongoing industry headwinds (terrorism, currency, and geopolitical) that we view as mostly transitory. This caused Hilton to lower its 2016 RevPAR target to 1.5%-2% from 2%-4% previously, and we plan to adjust our 2016 RevPAR estimate of 2.6% accordingly. That said, we plan to increas...Hilton Worldwide Holdings is a holding company. Through its subsidiaries, the company is engaged in hospitality with operations organized in two operating segments: management and franchise, which includes all of the hotels the company manages for third-party owners, as well as all franchised hotels operated or managed by someone other than the company; and Ownership, which includes hotels that the company owned or leased or that are owned or leased by entities in which the company owns a noncontrolling financial interest. Hilton Honors is the company's guest loyalty program that rewards guests with points for each stay at nearly all of its properties, which are then redeemable for free nights and other goods and services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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