Top 10 Hospitality Companies in the World

In this article, we will be looking at the top ten hotel companies in the world. For more companies check out Top 5 hotel companies in the world.

The hospitality industry has begun to recover strongly from pandemic-era losses, although the Russian invasion of Ukraine and soaring inflation have dampened industry sentiment and created new headwinds. A research report by The Business Research Company shares that between 2021 and 2022, the global hospitality market grew from $3.9 trillion to $4.5 trillion at compound annual growth rate (CAGR) by 13.9%. This rate is attributable to the aforementioned pent-up demand, as the research firm estimates that the same industry will grow at a much lower CAGR of 7.4% from 2022 to 2026, to be worth $6 trillion by the end of the forecast period.

Another research report, this time from Market Data Forecast, has a much more optimistic CAGR for the hospitality industry. This research firm estimates that the sector will experience a whopping 18.5% growth between 2022 and 2027, and from an initial value of $3.5 trillion to $4.1 trillion. Along with an easing of coronavirus restrictions, Market Data Forecast also estimates that once commodity prices fall and international travel resumes, the industry will see growing demand that will lead to increased revenue and demand. capacity utilization. Asia-Pacific and North America dominated the market in 2020 as they accounted for a significant share of 70% of the total revenue pie.

Finally, Facts and Factors estimates that the industry was worth $3.9 trillion in 2021 and by 2028 it will grow at a CAGR of 10.24% to be around $6.7 trillion by the end of the forecast period. However, it deviates from previous research reports and notes that Europe was the top revenue contributor in 2021.

Today’s article will take a look at the world’s largest hotel companies and key players, Marriott International, Inc. (NASDAQ:MAR), Hilton Worldwide Holdings Inc. (NYSE:HLT) and Las Vegas Sands Corp. (NYSE:LVS), are likely to catch your eye.

Top 10 hotel companies in the world

Top 10 hotel companies in the world

Photo by Gio Bartlett on Unsplash

Our Methodology

We have analyzed the hospitality industry to determine which companies operate there and provide services. They were then ranked by market capitalization, from lowest to highest.

Top 10 hotel companies in the world

10. InterContinental Hotels Group PLC (NYSE: IHG)

Market capitalization as of November 11, 2022: $10.10 billion

InterContinental Hotels Group PLC (NYSE: IHG) is a hotel manager, operator, franchisor and lessor headquartered in Denham, United Kingdom. The company has a variety of popular brands in its portfolio, such as the Holiday Inn chain, Staybridge Suites and Atwell Suites. It operates nearly 6,000 hotels worldwide.

InterContinental Hotels Group PLC’s (NYSE:IHG) worldwide revenue per available room (RevPAR) jumped to $87.37 in its third fiscal quarter, growing 28% annually and 3% from levels of 2019. This was helped by inflation, as the company’s average daily rate of $129 increased 13% annually and 11% from 2019. InterContinental Hotels Group PLC (NYSE: IHG) is located in the United States, where the economic conditions are much better than those experienced in Europe.

The market capitalization of InterContinental Hotels Group PLC (NYSE:IHG) is $10.10 billion, and Morgan Stanley has raised its share price target to £6,100 from £5,900 in October 2022.

Marshall Wace LLP of Paul Marshall and Ian Wace is the largest investor in InterContinental Hotels Group PLC (NYSE: IHG) with an $11 million stake through 208,894 shares.

Hilton Worldwide Holdings Inc. (NYSE: HLT), Marriott International, Inc. (NASDAQ: MAR) and Las Vegas Sands Corp. (NYSE: LVS) are met by InterContinental Hotels Group PLC (NYSE: IHG) in our list of the world’s largest hotel chains.

9. Hyatt Hotels Corporation (NYSE:H)

Market capitalization as of November 11, 2022: $10.29 billion

Hyatt Hotels Corporation (NYSE:H) is an American company that operates its own hotels and rented hotels. The Company’s facilities include full-service hotels, vacation units, condos and residential units. The company is headquartered in Chicago, Illinois.

Hyatt Hotels Corporation (NYSE:H) has a market capitalization of $10.29 billion which translates to a stock price of $96 per share. Stocks have been flat year-to-date, and they fell significantly in mid-July, but have since tipped to reverse losses. This growth is partly attributable to the company’s strong operating performance in its third fiscal quarter, which saw its adjusted operating income increase by $142 million per year and $89 million compared to 2019. Additionally, the company’s fee income grew 50% in the third quarter. 2022 compared to the third quarter of 2019, and its profits in the Americas also exceeded those of 2019, indicating that the company is now fully on the road to recovery from the devastation of the pandemic.

Hyatt Hotels Corporation (NYSE:H) has also been cutting its debt ratio lately, and the company raised its 2022 room growth outlook to 6.5% in November 2022.

The largest investor in Hyatt Hotels Corporation (NYSE:H) is Mason Hawkins Southeastern Asset Management, which owns 2.8 million shares worth $213 million.

8. H World Group Limited (NASDAQ: HTHT)

Market capitalization as of November 11, 2022: $12.14 billion

H World Group Limited (NASDAQ: HTHT) is a China-based hotel developer and manager. The company has more than 20 different hotel brands in its portfolio, which allows it to count more than 8,000 hotels and hundreds of thousands of rooms. H World Group Limited (NASDAQ: HTHT) is headquartered in Shanghai.

Since H World Group Limited (NASDAQ:HTHT) is a Chinese company, the company’s coronavirus recovery rate is slower than its global peers. As of October 2022, its RevPAR stood at 90% of pre-coronavirus levels as the ongoing hide-and-seek between the Chinese government and lockdowns hampers economic growth in the region. RevPAR’s recovery was helped by increases in daily room rates and H World Group Limited (NASDAQ:HTHT) believes it will need to increase rates in Europe to cope with rising inflation.

Daiwa upgraded the stock price of H World Group Limited (NASDAQ:HTHT) to Buy from Outperform in October 2022 and reduced the stock price target to $34 from $43, basing the decision on the reopening of China in mid-2023. H World Group Limited (NASDAQ:HTHT) has a market capitalization of $12.14 billion.

7. Host Hotels & Resorts, Inc. (NASDAQ: HST)

Market capitalization as of November 11, 2022: $13.46 billion

Host Hotels & Resorts, Inc. (NASDAQ: HST) is the world’s largest accommodation real estate investment trust. The company owns more than 70 properties in the United States and partners with renowned brands such as Hyatt, Sheraton and Hilton. Its headquarters are in Bethesda, Maryland, USA.

Host Hotels & Resorts, Inc. (NASDAQ:HST) RevPAR in the second quarter of this year increased 100% annually across all of its locations. The highest RevPAR is found at corporate properties in Jacksonville, averaging $974. The lowest reading is from Houston, which has a value of $175.50. Additionally, total RevPAR in Maui/Oahu exceeded 2019 levels, indicating that Host Hotels & Resorts, Inc. (NASDAQ: HST) is recovering well from the coronavirus.

Host Hotels & Resorts, Inc. (NASDAQ:HST) has a market cap of $13.46 billion.

Israel Englander’s Millennium Management is the largest investor in Host Hotels & Resorts, Inc. (NASDAQ:HST) with a $136 million stake through 8.6 million shares.

6. MGM Resorts International (NYSE: MGM)

Market capitalization as of November 11, 2022: $14 billion

MGM Resorts International (NYSE: MGM) is a renowned hotel chain that operates casinos, resorts and hotels primarily in Las Vegas, Nevada. The company has nearly 30 hotels and gaming venues, and is headquartered in Las Vegas, Nevada, USA.

MGM Resorts International (NYSE: MGM) is benefiting from the recovery in the Las Vegas Strip, where foot traffic and the resumption of travel contributed to 18% annual growth. The Company’s BetMGM gaming brand is a leader in the U.S. iGaming industry, and it controls 10% of the $1.5 billion total addressable market (TAM), with revenue of 1 .5 billion dollars. Finally, for the first three quarters of this year, MGM Resorts International (NYSE: MGM) increased its revenue by approximately 50% to $9.5 billion. The growth was propelled by more room bookings and growth in food and beverage sales.

MGM Resorts International (NYSE: MGM) has a market capitalization of $14 billion. The company is also looking to obtain a gambling license in New York and open a new resort in Japan.

The largest investor in MGM Resorts International (NYSE: MGM) is Keith Meister’s Corvex Capital, which owns 6.6 million shares worth $193 million.

Baron Funds mentioned the company in its Q2 2022 letter to investors. Here’s what the fund said:

MGM Resorts International is one of the world’s leading casino and entertainment companies. At its recent price of just $30 per share, we believe MGM is valued at a significant discount to our reasonable $50 per share estimate of the overall value of its business. Additionally, the company’s domestic operations are valued at a free cash flow yield of 18%. Paul Salem, Chairman of the Board, recently acquired shares.

With Marriott International, Inc. (NASDAQ: MAR), Hilton Worldwide Holdings Inc. (NYSE: HLT) and Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM) is one of the largest hotel groups. companies in the world.

Click to continue reading and view Top 5 hotel companies in the world.

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Disclosure: none. Top 10 hotel companies in the world is originally published on Insider Monkey.

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