Choice Hotels International operates in 41 countries in North America, South America, Central America, the Caribbean, Europe, and Asia. Plusgrade continues its expansive growth in the hospitality industry after acquiring UpStay earlier this year, which added hotel upgrades for guests and enabled hoteliers to drive higher ancillary revenue through multiple value-added revenue streams. About: The worlds first truly international hotel brand, InterContinental Hotels & Resorts is located in more than 60 countries with local insight that comes from over 60 years of experience.Total Properties: 210, About: An upscale brand of major urban centers, gateway cities and resort destinations offering business travelers high levels of comfort, service, and amenities.Total Properties: 410, About: Hotel Indigo is known as the industrys first branded boutique hotel, artfully combining the conveniences and consistencies of a brand hotel with the design cache and service personality of a boutique.Total Properties: 83, About: One of the worlds most recognized hotel brands with a global reputation for service, comfort and value.Total Properties: 1,173, About: A fresh, clean, uncomplicated hotel choice offering comfort, convenience and good value.Total Properties: 2,726, About: An extended stay hotel brand offering comfortable and stylish accommodation.Total Properties: 220, About: A clean, uncomplicated extended stay hotel choice offering convenience and good value.Total Properties: 342, About: EVEN Hotels is aimed at business and leisure travelers who are looking for a wellness experience in a hotel stay at a mainstream price point.Total Properties: 10, About: An upscale hotel brand that is designed specially for Chinese travelers.Total Properties: 8. We put together this list of some of the most Google-searched brands so you can understand the landscape of the hospitality industry today. Evolution, which specializes in online casino offerings, lands atNo. Get all the support you want for your events because we know hospitality matters. 2023 One Concierge - All rights reserved. International hospitality company Selina (Nasdaq: SLNA) has reported that it is laying off over 350 employees and closing down five properties in Mexico, Greece, the US, Austria and Costa Rica. There couldn't be a better time to partner with the leaders in hospitality to bring tremendous value to their guests, brands and owners," said Paul Rantilla. Hyatt Hotels has 950 resort and hotel properties in Asia, Europe, Africa, South America, and North America. The global hotel chain market is projected to grow at a CAGR of 4.28% through 2027. What Is a Franchise, and How Does It Work? Accessed July 01, 2023. https://www.statista.com/statistics/1314292/largest-hospitality-companies-sales-worldwide/, Forbes. ", Generally speaking, more and more travelers are gravitating toward hotels that support guests' well-being and follow responsible business practices. HVS is the only global consulting firm focused exclusively on the hospitality industry. The largest hotel chain in the world is Marriott International, with a revenue of $20.77 billion. Now, the company has 1.4 million rooms in its hotels and resorts, not including its rental homes. Today, the company has 530 properties with 80,000 rooms in 55 countries across Asia, the Middle East, Africa, the Indian Ocean, Europe, and South America. In fact, T+L readers awarded hotels even higher marks, on average, than last year, which is especially impressive given all of the COVID-19 safety protocols brands had to implement. Is working at a hotel a good career path? Global Hospitality Networks is a full-service hotel management company based out of Anaheim, California that operates numerous hotels throughout the United States. Please create an employee account to be able to mark statistics as favorites. Find InterContinental Hotels Group Resources Jobs Near Me. Most recently, the group opened a hotel in Rungis International Market in Paris, the largest fresh produce market in the world. The market is expected to reach $6,715.27 billion in 2026 at a CAGR of 10.2%.The hospitality market consists of sales of accommodation and food services and related goods by entities (organizations, sole traders or partnerships) that provide customers with lodging and/or prepare meals, snacks, and beverages for immediate consumption. So,itshould comeaslittle surprise thatmost of the biggest namesin the hotel and cruise ship sectors plummeted hundreds of places inForbesannual ranking of the worlds largest public companies. We strive to provide all our clients with a customized, quality and cost effective solution to their accounting needs. The Baird/STR Hotel Stock Index increased 3.1% in the first four months of 2022. Gross revenue hit a record-breaking $53 billion, besting the previous record of $44 billion, set in 2019, by more than 20%. As a Premium user you get access to the detailed source references and background information about this statistic. IHG has 14 brands that range from midscale to luxury hotels. Some popular hotel jobs include guest relations manager, resort manager, and hospitality director. The ideal entry-level account for individual users. These are the 10 biggest hotel companies by 12-month revenue reflecting data as of Dec. 21, 2022. Fabian Bartnick is a serial entrepreneur, key note speaker and a global revenue management leader who transformed 1000s of companies worldwide. As of 2019, there are over 700,000 hotels and resorts worldwide. "Leading hospitality and recreation companies worldwide in 2023, by sales (in billion U.S. 1,180 on this years list. It includes offices, industrial units, rentals, and retail. Accor began in France in 1967 with a hotel inspired by American motels and now has 700,000 rooms in its locations in 100 countries across Europe, Africa, Asia, the Middle East, North America, Central America, and South America. As of March 31, 2023, the Companys portfolio included more than 1,250 hotels and all-inclusive properties in 75 countries across six continents. Separately, for airlines and hospitality companies, the potential impact of an unexpected crisis on revenue and resistance to cultural She went on to describe2020 as by far the most challenging year in our companys history.. DoubleTree by Hilton understands that doing the little things well can mean everything.Total Properties: 600+, About: At Embassy Suites Hotels, we anticipate travelers needs and deliver what matters most.Total Properties: 257, About: Hilton Garden Inn is the award-winning, upscale, yet affordable hotel brand that enables travelers to discover and connect while on the road.Total Properties: 865, About: Hampton is about celebration and diversityembracing local culture and giving guests a true experience during their stay, one that is filled with local flavor and wrapped in the beauty that is Hamptonality.Total Properties: 2,300+, About: Homewood Suites by Hilton offers a unique approach to longer stays allowing guests to stay in their routine while traveling for business or leisure.Total Properties: 450, About: Home2 Suites by Hilton is an innovative, modern approach to mid-scale extended stay travel.Total Properties: 375. Our trademarked Weekender Travel Club is a digital platform that delivers qualified guests to proprietary brand reservation links and secure reservation platforms. H Worlds brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, and Crystal Orange Hotel. Broad management expertise across branded full-service, select-service, independent, resorts as well as Five-Star and FiveDiamond properties. Earlier this year, the Centers for Disease Control and Prevention ratcheted down its Covid-19 recommendations for cruising and eventually lifted all health warnings in late March. CHICAGO-- (BUSINESS WIRE)-- Hyatt Hotels Corporation (Hyatt or the Company) (NYSE: H), a leading global hospitality company, announced today the pricing of its public offering of $600,000,000 aggregate principal amount of senior notes due 2027, which will bear interest at a fixed annual rate of 5.750%; Collaborative event sales software that increases qualified leads and drives direct revenue. As of September 2021, Wyndham accounted for close to nine thousand units in its worldwide portfolio, making the company a key player in the global hotel industry. 223 and no. Hiza holds over 30 years of operations, sales, and business development experience and has a strong background in delivering enterprise-level hospitality software globally. Its portfolio of brands includes Marriott Hotels, Sheraton, Westin, The Ritz-Carlton, Renaissance Hotels, Fairfield Inn & Suites, and more. A global recession is coming, Nouriel Roubini says. About IHG IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good. Ryman Hospitality Properties is a leading lodging and hospitality REIT that specializes in upscale convention center resorts and country music entertainment experiences. 1541. Hilton dropped more than 700 spots to No. The company's portfolio includes Wyndham Grand, Dazzler, Ramada, Super 8, and Howard Johnson. 868. Hyatt, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. A C-corp is a legal structure that is designed so that owners and shareholders are taxed separately from the corporation. Each property is different and feels unique based on the location but they're all consistent in their commitment to quality. Yes, the hotel industry is recovering. ", Wyndham Hotels & Resorts. 1. Host Hotels & Resorts. ReportLinker, New York, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Hospitality Global Market Report 2022" - https://www.reportlinker.com/p06193682/?utm_source=GNW , Chipotle and Berkshire Hathaway Inc.The global hospitality market is expected to grow from $3,952.87 billion in 2021 to $4,548.42 billion in 2022 at a compound annual growth rate (CAGR) of 15.1%. They've navigated lockdowns, donated rooms to first responders, found ways to support their staff, and, as conditions improved, welcomed back guests with service that may have looked a bit different but felt no less gracious. 10,000 industry connections giving you access to. Carnival, for instance, reported that its booking volumes in the first quarter of 2021 were 90% higher than in the final quarter of 2020. Marriott fell more than 400 spots in the new Global 2000 list, down toNo. While youre with us youll delight in signature restaurants, iconic design, select spa treatment with Bliss, our exclusive Whatever/Whenever service and more.Total Properties: 80, About: Sheraton Hotels & Resorts welcomes guests in all corners of the worldfrom Australia to Uruguay. Two prime examples are McDonalds, the worlds largest fast-food chain, and Starbucks, which are the only restaurant companies in the top 500, at no. The Voice of Revenue shares his no nonsense approach about the world of commercial and revenue management. Number of Chipotle Mexican Grill restaurants worldwide 2007-2022, Average restaurant sales of Chipotle Mexican Grill worldwide 2008-2022, Revenue of Chipotle Mexican Grill worldwide 2006-2022, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. The brands evolution as a leader in the moderate tier continues, with flexible and efficient prototype designs and refreshing, vibrant decor.Total Properties: 800+, About: Residence Inn, the founding leader of the extended-stay category, is designed to help business travelers thrive on long stays.Total Properties: 735, About: TownePlace Suites delivers an all-suite experience for the do-it-yourself, self-sufficient extended-stay traveler, while offering superior efficiencies and value for franchiseesTotal Properties: 400, About: With locations worldwide, Marriott Executive Apartments offers corporate residential accommodations designed to meet the needs of business executives on an overseas assignment of 30 days or more.Total Properties: 29, About: From the scenic banks of the Potomac in Washington D.C. to the lively heart of Music City in Nashville, Gaylord Hotels celebrate the heritage of their destinations. The global hotel chain market is projected to grow at a CAGR of 4.28% through 2027. These include white papers, government data, original reporting, and interviews with industry experts. (Pyramid Global Hospitality) Compared to many leaders in the industry, Warren Fields keeps a relatively low profile. (Condor Ferries, 2020) The hotel market is made up of over 4 million rooms worldwide. In terms of plotting a course to recovery, though, investorsseem more optimistic about hotel companies than their cruise-ship counterparts. Investopedia requires writers to use primary sources to support their work. Investors can receive a stream of income without having to invest directly in the underlying properties. Designed to capture the rapidly emerging millennial traveler, the new brand combines contemporary stylish design, approachable service and, most importantly, an affordable price.Total Properties: 14 open, 7 additional locations planned, About: As the industry pioneer in the upper-moderate, select-service category, Courtyard continues to redefine business travel by providing a smart, dynamic and focused travel experience to help guests maximize their time on the road.Total Properties: 1,145, About: With contemporary suites and spa-like design blending substance and style, SpringHill Suites adds a breath of fresh air to the travel experience. Royal Caribbean reported a net loss of $5.8 billion during 2020 after bringing in $1.9 billion in income during 2019. The major hotel groups in the USA are Hilton, Hyatt, Marriott, IHG, and Wyndham. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The Red Carnation Hotel Collection. While tourism companies tumbled down the Global 2000 rankings and online gambling companies shot up the list, some of the biggest fast-food brands in the world were content to tread water.