Loading the player... The yield is the income return on an investment, such as the interest or dividends received from holding a particular security. The yield is usually expressed as an annual percentage rate based on the investment's cost, current market value or face value.
Hilton does not own the majority of its hotels, but it makes half of its profit from those that it does own, like the Waldorf-Astoria, the New York Hilton and the Hilton Hawaiian Village.
The fight for luxury hotel guests heated up today with Ritz-Carlton announcing the creation of its own frequent guest program. Ritz-Carlton, owned by Marriott, has long resisted giving its guests points for stays at its 70 hotels, although Marriott guests could redeem points for Ritz stays.