Hilton hotel chain: moving into Moscow via franchising
According to a report in the newspaper, the Allgemeine Hotel- und Gastronomiezeitung, the Hilton hotel chain is planning to open up around 70 hotels in Russia over the next ten years. During the same period, it is intending to set up a total of 1,000 new Hilton hotels across the world. The report reveals that the hotel giant believes there is a great need for investment for management and franchise business models in Russia. Plans are for the first Russian Hilton to open its doors to the public in Moscow in 2008 and is to be run by a franchisee.