Hilton Worldwide Holdings Inc. is a hospitality company. The Company is engaged in managing, franchising, owning and leasing hotels and resorts, and licensing its brands and intellectual property. The Company managed, franchised, owned or leased approximately 6,215 hotels and resorts, including timeshare properties, totaling approximately 983,465 rooms in over 118 countries and territories. The Company operates through two segments: management and franchise, and ownership. The management and franchise segment includes all of the hotels, which the Company manages for third-party owners, as well as all franchised hotels operated or managed by someone other than the Company. The management and franchise segment includes approximately 690 managed hotels and over 5,405 franchised hotels. The ownership segment includes approximately 65 properties totaling over 20,562 rooms.