In this article you can read which hotel companies will lead the global hotel market by 2022.
- Marriott International
Of course, Marriott International, the American multinational hotel industry, tops the list of the top 10 largest hotel companies in the world for 2021. Marriott is the largest hotel chain in the world based on the number of rooms available. It has 30 brands with 7,642 hotels, including 1,423,044 rooms in 131 countries and territories. Between 2020 and 2021, the number of Marriott International rooms rose from 1,358,400 to 1,400,289 rooms, an increase of 3.1%.
- Jin Jiang
With more hotels than Marriott International but fewer rooms, Jin Jiang is the second largest hotel chain in the world in terms of room availability. According to the latest data, the Chinese company will manage more than 10,000 hotels with almost 1,100,000 rooms in 2021, recording a growth of 6.7% compared to the previous year.
- Hilton Hotels
Hilton Hotels is the third largest hotel chain in the world. More than 600 hotels were added to the company’s portfolio between 2020 and 2021. The growth of this group remains strong, mostly in the United States. In 2021, Hilton Hotels will have 1,010,257 rooms. This number has increased by 4.9% compared to the previous year. Net income was $ 240 million for the third quarter of 2021, according to financial results. Hilton added 14,700 rooms in the third quarter, adding 11,200 net rooms for the period and around 6.6% annualized net growth as of September 30, 2020.
- InterContinental Hotels Group (IHG)
Today the InterContinental Hotels Group is number 4 worldwide. The group recorded “weak” growth of only 0.3% between 2020 and 2021. It’s worth noting that in 2020 at IHG, a 52.5% reduction in RevPAR resulted in a 75% decrease in operating income from reportable segments. The InterContinental Hotels Group has almost 6,000 hotels and 886,036 rooms in its portfolio.
- Wyndham Hotels and Resorts, Inc
Wyndham Hotels and Resorts are the fifth largest in the world. The American hotel group “saw” a decrease in its room availability by 4.2%, making it the only western hotel group in the top 10 with the lowest number of rooms compared to the previous year. Today Wyndham Hotels and Resorts owns 8,941 hotels with 795,909 rooms. The hotel company is based in Parsippany, New Jersey and had sales of $ 1,300 billion for the fiscal year ended December 31, 2020.
- Accor group
This French hotel chain has more than 5,000 hotels worldwide. The number of rooms in the Accor Group is over 750,000, with the number of rooms increasing by 3.1% annually. Growth has been stable for many years, with the Accor group growing by around 3% between 2019 and 2020. It was recently announced that Accor will be the official partner of the Olympic and Paralympic Games Paris 2024.
- Huazhu Hotels Group
The Huazhu Hotels Group is another Chinese hotel group with a large number of hotels and rooms in its portfolio. The head office is located in Changning District, Shanghai. It was established in 2005. The chain operates almost 7,000 hotels and has 607,137 rooms. The growth compared to 2020 was extremely high and between 2020 and 2021 the increase in room availability was 23.2%.
- Choice Hotels
With a worldwide increase in the number of rooms available of 1.2%, the American franchisor Choice Hotels failed to keep up from 8th place in the ranking. As of 2021, the hotel chain will have 7,147 hotels with a total of 597,977 rooms. Choice Hotels operates in more than 40 countries around the world. In the third quarter of 2021, domestic RevPAR beat forecast, growing 11.4% above 2019 levels. 89 new domestic franchise agreements were awarded in the quarter, up 10% over the same period in 2020.
- OYO Hotels & Private Homes
It is an Indian hotel chain that has gone through a lot of problems over the past year. This means that the number of rooms has been reduced by 54.3% compared to the previous year. The company, founded in 2013, had serious problems in China and Europe, which led to this enormous loss of rooms. In the ranking of the top 10 hotel chains for 2020, OYO lost 7 places and is now in 9th place. OYO still operates more than 20,000 hotels with 449,000 rooms.
- BTH Hotels
BTH Hotels is the third Chinese hotel chain in the top 10 list. This chain like Jin Jiang and Huazhu saw high growth this year compared to 2020. The room availability increased by 6.6% between 2020 and 2021.
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