Hotel chain mulling stripped-down, affordable accommodation for young people who have ditched traditional hotels for Airbnb and similar online options
Staying at the Hilton has, arguably, already lost a bit of its cache. The 97-year-old company last year sold the flagship New York Waldorf Astoria to the Chinese for $2bn, and is now considering launching a new chain of budget “hostel-like” hotels marketed at millennials.
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