Hilton Worldwide could decide to raise its growth targets in the booming Chinese hotel market depending on developments in the country's economy, officials say. "There's no reason why this shouldn't go up by an additional 10% to 20%," said Martin Rinck, president of Hilton's Asia-Pacific division. The company is preparing to introduce its Hilton Garden Inn and Hampton by Hilton brands in the country and is open to developing a Chinese-focused brand down the road, Rinck said.

Full Story:
Fox Business

Related Summaries