It is important to know that hotel sectors all over the world tend to give you a good sense of humor and belonging. Also, the biggest hospitality companies have the nicest architectural design and modern amenities and provide the best services to their customers. This further includes the hotel industry, like Marriott International, Hilton Hotels, BTH, and the rest. Are you looking for the best hospitality companies to work for or go on vacation with? Worry no more, because the list of our top ten hospitality companies will provide you with the details you need for your job and travel. Read on to find out more about the ten top hospitality companies in the world.
Top Hospitality Companies
Below is a list of the best hospitality companies in the World
#1. Marriott Worldwide
After merging with Starwood Hotels and Resorts in 2016, the American hotel chain has grown to become the largest in the world. Marriott also operates 7.642 hotels with 1.423.044 rooms across 30 brands in 131 countries and territories. Including the Sheraton brand, which is the third-largest revenue producer in the company’s portfolio. In addition, the Marriott brand was first introduced in 1927 in Washington, D.C., with a “mobile hotel” or motel and a root beer stand. Furthermore, according to the number of rooms offered, the annual income now exceeds $14.5 billion. Marriott International saw a 3.1% growth in room count between 2020 and 2021, going from 1.358.400 to 1.400.289 rooms.
#2. Ritz-Carlton Hotel Company, LLC.
The Ritz-Carlton is an American multinational firm that operates as an upscale hotel chain. Additionally, the firm operates 108 luxury hotels and resorts with 29,158 rooms across 30 nations and territories. In addition to 46 hotels with 8,755 rooms are now under construction. The current business was established in 1983 after the Ritz-Carlton name and hotel in Boston, Massachusetts, were sold by the previous owners. Later, the trademark was introduced in additional regions. It is also a division of Marriott International a multinational company based in Bethesda, Maryland USA.
#3. Jiang Jin
One of the top Chinese travel and hospitality companies is jin Jiang International (Holdings) Co, Ltd. Also, It employs about 50,000 people and has a registered capital of 2 billion yuan. Jiang’s three main business divisions are travel and logistics, hotel management and investment, and tourism services. Coupled with major hotel chains including Marriott, Hilton, InterContinental, Fairmont Raffles, and Accor. Still, more than two dozen other well-known companies throughout the world such as Japanese Mitsui, JTB, US Yellow Roadway, UK HRG, and Swiss-based. In fact, according to the most recent data, the Chinese corporation will handle more than 10.000 hotels with about 1.100.000 rooms in 2021, a 6.7% increase from the previous year.
#4. Hilton Hotels
The third-largest hotel chain in the world is Hilton Hotels. Over 600 hotels were added to the company’s portfolio between 2020 and 2021. Also, this group continues to experience rapid expansion, mostly in the US. Furthermore, Hilton Hotels will operate 1,010.257 rooms in 2021. When compared to the prior year, this figure has climbed by 4.9%. According to financial reports, the net income for the third quarter of 2021 was $240 million. Similarly, Hilton added 14.700 rooms in the third quarter, which contributed to a net increase of 11.200 rooms over the course of the quarter and a yearly net unit growth of about 6.6% from September 30, 2020.
#5. Hyatt Hotels Corporation (NYSE: H)
With its headquarters in Denham, England, InterContinental Hotels Group PLC (NYSE: IHG) is a hotel manager, operator, franchisor, and renter. In reality, the company’s portfolio includes a number of well-known brands, including the Holiday Inn chain, Staybridge Suites, and Atwell Suites. It also runs around 6,000 hotels around the world. The global revenue per available room (RevPAR) for InterContinental Hotels Group PLC (NYSE: IHG) climbed to $87.37 in the third quarter of its fiscal year, up by 28% year over year and by 3% over 2018 levels. The company’s $129 average daily rate increased by 13% annually and by 11% in 2019 thanks to inflation, which also helped. Moreover, the majority of InterContinental Hotels Group PLC’s (NYSE: IHG) rooms are in the United States, where economic conditions are far better than those in other countries.
#6. Wyndham Hotels and Resorts, Inc.
The fifth-largest hotel chain in the world is Wyndham Hotels and Resorts. Although, the American hotel chain “saw” a 4.2% decrease in the number of rooms it was offering. Also, making it the only western hotel chain in the top 10 with fewer rooms than the previous year. The hotel firm has its headquarters in Parsippany, New Jersey, and had revenue of $1.3 billion for the fiscal year that concluded on December 31, 2020. Besides, there are 795,909 rooms in 8,941 hotels owned by Wyndham Hotels and Resorts.
#7. Choice Hotels
The American international hospitality corporation Choice Hotels International, Inc. has its headquarters in Rockville, Maryland USA. Still, being one of the biggest hotel chains in the world, the company has a number of hotel brands, from luxury to budget. Including ascend hotel collection,extended-stay hotel, Econo lodge, Cambria hotel, quality inn, wood spring suites, and mainstream suites. It also has a clarion, Rodeway inn, and choice hotel vacation rentals. In addition, 1,035 hotels are now under construction with more than 85,000 rooms. Choice Hotels as well as franchises more than 7,100 hotels in more than 40 countries and territories globally as of 2020. Awarded 89 new domestic franchise agreements in the third quarter of 2021, a 10% increase from the same period in 2020, domestic RevPAR exceeded guidance and increased 11.4% above 2019 levels.
#8. Extended Stay American Inc (STAY)
In the first place, mid-range extended-stay hotels are owned and managed by Extended Stay America, a C-corp, in all of North America. Also, hotel REIT, ESH Hospitality Inc., is one of its subsidiaries. In addition to managing ESH-owned facilities, the business also franchises other hotels under the Extended Stay America trademark. Its lodgings are designed to accommodate visitors looking for a week or more of lodging.
- Total annual revenue: $1 billion
- Total Year Net Income: $23.3 million
- $3. 5 billion in market value
- Total Return over the Previous Year: 192.7%
- Trading: NASDAQ
The hotel, resort, and vacation property owner, manager, and franchisor Accor S.A. is a French international corporation. It ranks as the sixth-largest hospitality corporation globally and the biggest in Europe. Also, over 110 countries and 5,300 locations are serviced by Accor. It can as well, accommodate roughly 777,714 rooms in total. It also owns and manages brands in a variety of hospitality categories, including luxury (Raffles, Fairmont, Sofitel), premium (MGallery, Pullman, Swissôtel), midscale (Novotel, Mercure, Adagio). In addition, Accor owns businesses including onefinestay, D-Edge, ResDiary, John Paul, Potel & Chabot, and Wojo that specialize in digital hospitality and event planning. The company has its headquarters in Issy-les-Moulineaux, France, and it is a part of the Paris Stock Exchange’s CAC Next 20 index. This French hotel chain has more than 5,000 hotels worldwide.
The number of Accor Group rooms is over 750,000, with an annual increase of 3.1% in the room offer. Growth has also remained stable for many years, with the Accor group growing by about 3% between 2019 and 2020. The Olympic and Paralympic Games in Paris in 2024 recently welcomed Accor as an official partner.
#10. Huazhu Hotels Group
Huazhu Group Limited is a world-leading Chinese hotel chain with its headquarters in Shanghai, China. Also, Huazhu managed 6,187 hotels with 599,235 rooms as of June 30, 2020, throughout 16 nations. Nevertheless, Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, and Ni Hao Hotel are just a few of the brands owned by Huazhu. Going further, On January 2, 2020, Huazhu completed the acquisition of Deutsche Hospitality, and as a result, acquired five new brands to its portfolio which include
- Steigenberger Hotels & Resorts
- Maxx by Steigenberger
- Jaz in the City
- Intercity Hotel
- Also Zleep Hotel.
Huazhu also holds co-development rights for Grand Mercure and Novotel in pan-China as well as master franchisee rights for Mercure, Ibis, and Ibis Styles. The rate of growth was very significant as compared to 2020, and the rise in room supply from 2020 to 2021 was 23.2%.
#11. Host Hotels & Resorts Inc (HST)
Host Hotels & Resorts Inc is a self-managed and self-administered REIT. Also, with a portfolio of upper-upmarket and luxury hotels spread across various geographic locations. Although the majority of its properties are in the United States, it also has assets in Canada and Brazil. Marriott, Westin, Ritz-Carlton, Hyatt, and Hilton are just a few of the well-known brand names that are used to operate their hotels around the world.
- TTM revenue: $1.6 billion
- Net Loss (TTM): $732,000,000.
- Capitalization: $12.2 billion
- 66.3% is the 1-year trailing total return.
- Trading: NASDAQ
What Is the Top Hospitality Company?
Below is a list of the 10 top hospitality companies
- Marriot international
- Jin Jiang
- Choice hotels
- Accor groups
- Hilton hotels
- Intercontinental hotel groups
- Wyndham hotels and resorts, Inc
- Hyatt hotels
- Huazhu hotel group
- Extended Stay America, Inc
What Is Considered a Hospitality Company?
Among the many industries that make up the service sector, the hospitality sector includes hotels, food and beverage service, event organizing, theme parks, travel, and tourism. It also contains lodging facilities, travel businesses, eateries, and bars.
What Types of Companies Are in the Hospitality Industry?
The types of companies in the hospital sector include:
- Lodging facilities
- Amusement parks
- Event planning
- Food and drinks
- And other tourism-related services
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FAQs for Hospitality Companies
What are the seven sectors of the hospitality industry?
Below is a list of the seven sectors that also make up the hospitality industry
- Food and beverages
- Travel and Transportation
- Meeting and event
What are the 4 main businesses in the hospitality industry?
The best way to get the main businesses in hospitality is to divide these sectors into four which include
- Food and beverages
- Lodging and accommodation
- Travel and tourism
- Entertainment and recreation
What is an example of a hospitality job?
An example of a hospitality job is to provide services to people who are traveling or visiting. You can also work as a hotel manager, chef, event planner, receptionist, and porter