Hilton, a major player in the hospitality industry, is involved in hotel management, franchising, owning and leasing hotels and resorts. The company is split into two segments, Management and Franchise, and Ownership. Under these segments, it manages and licenses luxury, full service, lifestyle, service, all-suite and premium economy hotels, operating under many well-known brands like Waldorf Astoria, Conrad Hotels & Resorts, and Hampton by Hilton. The company operates in regions across the world including North America, South America, Central America, Europe, the Middle East, Africa, and the Asia Pacific. Founded in 1919, the McLean, Virginia-headquartered company has established itself as a name to reckon with in the industry.