Hilton Worldwide Holdings Inc. has authorized the repurchase of an additional US $1 billion of common stock under this company's existing stock repurchase program, bringing the total amount currently authorized for repurchase to approximately US $1.3 billion.

Hilton Worldwide Holdings Inc. 

Meanwhile, Marriott International continues focusing on the upscale to luxury hotel segments, even if its pipeline is already dominated by limited-service hotels. In this context, Hyatt Hotels Corporation is shifting to the strategy of asset-light, planning to sell roughly US $1.5 billion of real estate over the next three years. Furthermore, InterContinental Hotels Group has partnered with Samhi to rebrand approximately 2,000 keys in operation and under construction within its hotel portfolio in India to Holiday Inn Express hotels.