Today at the 2014 World Economic Forum's Annual Meeting, Hilton Worldwide announced a global commitment that aims to impact at least one million young people by 2019 by helping them to reach their full potential. This new initiative will open doors for young people in three ways:
"We have been opening our doors to millions of guests for nearly a century. This pledge is a natural extension of our promise to create meaningful opportunities for the next generation of Team Members, guests and business partners," said Christopher J. Nassetta, president and CEO, Hilton Worldwide.
Research shows that many young people face a grim socioeconomic reality. More than 74 million worldwide are unemployed and nearly 290 million - more than a quarter of our planet's young people - are neither working nor studying. Travel and tourism is the world's single largest employer, accounting for almost 10 percent of global employment, and it is expected to generate 73 million new jobs by 2022. But simply creating more jobs will not be enough to address the issue if young people are not equipped with the range of skills needed to succeed in today's complex marketplace.
Hilton Worldwide will focus the majority of its corporate responsibility efforts on programs and partners that connect, prepare and employ young people around the world. From supporting young entrepreneurs by connecting them to training, certification and markets to preparing the next generation of hospitality leaders, Hilton Worldwide will work with a range of global and local partners to help one million young people over the next five years.
Last year, Hilton Worldwide issued an industry-wide call to action in collaboration with the International Youth Foundation (IYF) to help prevent a "lost generation" by building awareness and creating opportunities for young people in the hospitality industry. Changing perceptions of career opportunities in the travel and tourism industry is a key priority for Hilton Worldwide and the sector. A recent report by the World Travel & Tourism Council shows that lack of information, misjudgment and preconception are some of the biggest barriers preventing young people from connecting to careers in the industry. This, coupled with a talent gap, especially in the area of life and soft skills often make it challenging for the hospitality industry to find the right candidates to meet its needs.
"The talent gap is one of the most important issues facing businesses, governments and communities today, and it is a direct contributor to the youth unemployment rate," continued Nassetta. "As one of the largest hospitality companies in the world, we are in a unique position to leverage our size, scale and expertise to close the gap and address this critical issue in a meaningful way. The success of our business depends on the success of the next generation."
The commitment builds upon Travel with PurposeTM, Hilton Worldwide's global corporate responsibility strategy to create shared value for our communities, business and environment in which we operate. It brings together a range of existing programs and company resources around the world that connect, prepare and engage young people including:
"One of the most impactful actions that a company can take is to develop a comprehensive commitment that is both widely accessible and scalable," said William Reese, president and CEO, the International Youth Foundation. "This challenge of preparing young people for the workforce is one that no single industry or company can address - it requires cross-sector collaboration and strategic investments."
More information about Hilton Worldwide's global commitment to open doors for young people is available at hiltonworldwide.com/youth.
About Hilton Worldwide
Hilton Worldwide is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 94 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company's portfolio of ten world-class global brands is comprised of more than 4,000 managed, franchised, owned and leased hotels and timeshare properties, with nearly 672,000 rooms in 90 countries and territories, including Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors.
About Travel with Purpose
Travel with Purpose is Hilton Worldwide's commitment to provide shared value to its business and communities around the world. As the driving strategy for Hilton Worldwide's corporate responsibility efforts, Travel with Purpose focuses on creating opportunities for individuals to reach their full potential; strengthening local communities where Team Members live, work and travel; celebrating cultures and the power of travel; and living sustainably through the measurement, analysis and improvement of the use of natural resources. Visit www.hiltonworldwide.com/corporate-responsibility for more information.
SOURCE: BUSINESS WIRE
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