"You'd have a difficult time finding a room here this week," says Hilton Hotels CEO Stephen Bollenbach, sitting in the company's flagship Waldorf-Astoria in New York City. Of course, he's managed to snag a rather nice one.
In fact, getting his hands on hotel rooms, say an additional 10,000 this year, is Bollenbach's mission at Hilton, a company he hopes to turn into a hot property again. His timing is nearly perfect. The lodging industry in the U.S., which bled money over seven horrendous years from 1987 to 1993, had a breakout performance in 1995, and is now running out of...
To continue reading:
or
Log-In
