Hilton Worldwide and International Youth Foundation Launch Global Youth Initiative
President & CEO Christopher J. Nassetta to Assume Seat on IYF Board of Directors
MCLEAN, Va. - Hilton Worldwide announced a $3 million, three-year partnership today with the International Youth Foundation (IYF), a global organization that realizes the power and promise of young people and since its founding in 1990 has prepared nearly 16 million young people to learn, work and lead. Additionally, Hilton Worldwide's President and CEO, Christopher J. Nassetta, is joining the IYF board.
Designed to connect Hilton Worldwide's aggressive expansion with its commitment to growing its global workforce, the partnership with IYF expands Hilton Worldwide's promise to Travel with Purpose - the company's corporate responsibility strategy which creates opportunities for global youth by providing them with first-hand access to education, training and career paths within the hospitality industry.
"The hospitality industry is a great place for young people to learn new skills and build a lasting career," said Mr. Nassetta. "There are countless stories of hospitality leaders like myself who first got a taste of the industry at a young age. During college, I worked in the engineering department of a hotel where I received on-the-job training in property operations. My experience, and the wonderful people I met along the way, inspired me to pursue a career in hospitality, and through our partnership with IYF we hope to pass this inspiration to future generations who will support the long-term success of our company and the industry."
As an IYF board member, and through Hilton Worldwide brand and regional initiatives, Nassetta will contribute to efforts that address the economic challenges associated with the staggering growth in the youth population - referred to by experts as the "youth bulge." In many countries, youth unemployment is two-to-three times that of the rate for adults, resulting in an estimated 100 million young people in need of work worldwide.
"The International Youth Foundation is thrilled to partner with Hilton Worldwide to help expand life and work opportunities for youth across the globe - transforming the 'youth bulge' into a 'youth bonus,'" said William S. Reese, the IYF President and CEO. "We are particularly pleased that a global leader in the travel and tourism industry, the world's largest provider of jobs, is tapping the expertise and dedication of its vast workforce to reach out to local youth and help them realize their fullest potential as engaged and productive citizens."
Hilton Worldwide will leverage its expansive network of properties - more than 3,800 hotels across 91 countries - to further strengthen IYF's reach. Working with IYF, Hilton Worldwide will develop numerous programs that tap youth into the "ladder of success" model that has already transformed the future for countless Hilton Worldwide team members and industry leaders alike. Together, the partners will draw on their deep involvement in communities around the world to provide opportunities for future employment and life skills training to youth in developing regions. Hilton Worldwide will join IYF's global network of more than 200 partners in 68 countries. Through its partner organizations, IYF has directly invested more than US$178 million in youth initiatives.
In 2011, Hilton Worldwide launched Travel with Purpose, its commitment to providing shared value to its business and communities around the world. Travel with Purpose is built on four areas of focus - creating opportunities for individuals to reach their full potential; strengthening communities where we operate; celebrating cultures and the power of travel; and living sustainably through the measurement, analysis and improvement of our use of natural resources.
For more information about Hilton Worldwide's partnership with the International Youth Foundation, please visit www.hiltonworldwide.com/corporate-responsibility/partnerships.
International Youth Foundation
+1 (410) 951-1606
About the International Youth Foundation
The International Youth Foundation (IYF) invests in the extraordinary potential of young people. Founded in 1990, IYF builds and maintains a worldwide community of businesses, governments and civil-society organizations committed to empowering youth to be healthy, productive and engaged citizens. IYF programs are catalysts of change that help young people obtain a quality education, gain employability skills, make healthy choices and improve their communities. To learn more visit www.iyftnet.org/.