Hilton Worldwide hotel occupancy rate 2023

Hilton Worldwide Holdings Inc. had a hotel occupancy rate of 71.8 percent in 2023, up from 67.5 percent the previous year. The significant decrease in the hotel company's occupancy rate in 2020 can be attributed to the global coronavirus (COVID-19) pandemic which resulted in the temporary closing of its properties across the globe to minimize the spread of the virus.

What is hotel occupancy rate?

Hotel occupancy rate is a key performance indicator in the hotel industry. It shows the percentage of a hotel that is occupied, or in this case an average percentage of many hotels’ occupancy within a region. Other useful KPI’s that are used in the lodging industry are the average daily rate (ADR) and revenue per available room (RevPAR).

Hilton Worldwide vs. Marriott International

Hilton Worldwide Holdings Inc. recorded a revenue of over ten billion U.S. dollars in 2023. That same year, one of Hilton’s main competitors, Marriott International, generated more than twice as much revenue as Hilton. This made Marriott the leading hotel company worldwide in terms of revenue that year.

Occupancy rate of Hilton Worldwide Holdings hotels from 2012 to 2023

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Release date

February 2024

More information

Region

Worldwide

Survey time period

2012 to 2023

Special properties

fiscal year ended December 31 of each year.

Supplementary notes

*On January 3, 2017, Hilton Worldwide completed the spin-offs of a portfolio of hotels and resorts, as well as its timeshare business, into two independent, publicly traded companies: Park Hotels & Resorts Inc. ("Park") and Hilton Grand Vacations Inc. ("HGV"), respectively, (the"spin-offs").

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