The hotel industry provides short-term lodging facilities, such as hotels and motels, as well as accommodation-related services. It is divided into two main types of companies: C corporation hotels and hotel real estate investment trusts (REITs). C-corp hotels offer hotel management, branding and marketing, and franchise licensing. Hotel REITs focus on the acquisition, ownership, and operation of hotel real estate. The list below includes both types.
These are the 10 biggest hotel companies and REITs by 12-month revenue reflecting data. All revenue data is current as of Aug. 5, 2024. Keep in mind that this list is limited to companies that are publicly traded in the U.S. or Canada, either directly or throughAmerican depositary receipts (ADRs).
Key Takeaways
- The hotel industry provides short-term lodging and accommodation-related services.
- The industry primarily consists of C corporation hotels and hotel REITs.
- C-corp hotels offer hotel management, branding and marketing, and franchise licensing.
- Hotel REITs focus on the acquisition, ownership, and operation of hotel properties.
1. Marriott International (MAR)
- Revenue (TTM):$24.07 billion
- Net Income (TTM):$2.94 billion
- Market Cap:$60.15 billion
- 1-Year Trailing Total Return:6.07%
- Exchange:Nasdaq
Marriott International is a global C-corp company engaged in the management, franchising, and licensing of hotel, residential, and timeshare properties under numerous brand names. Its portfolio of brands includes Marriott Hotels, Sheraton, Westin, The Ritz-Carlton, Renaissance Hotels, Fairfield Inn & Suites, and more.
2. MGM Resorts (MGM)
- Revenue (TTM):$16.67 billion
- Net Income (TTM):$880 million
- Market Cap:$10.77billion
- 1-Year Trailing Total Return:-27.97%
- Exchange:New York Stock Exchange (NYSE)
MGM Resortsis a global entertainment and gaming company. Its stock is one of the constituents of the S&P 500. The company has different properties in the U.S. and around the world, includingcasinos, hotels, and resorts. MGM says that its presence in Las Vegas is at the core of its financial success.Some of the major names under the company's umbrella include the Bellagio, MGM Grand Las Vegas, and Luxor Hotel and Casino.
3. Las Vegas Sands (LVS)
- Revenue (TTM):$11.21 billion
- Net Income (TTM):$1.61 billion
- Market Cap:$28.02 billion
- 1-Year Trailing Total Return:-33.06%
- Exchange:NYSE
Las Vegas Sands is focused on tourism. It develops and operates resort properties. Established in the 1990s, the company is based in Las Vegas. Its primary destinations are located in Macao and Singapore where it has six "integrated properties." The Venetian Macao and Marina Bay Sands are two of its resort properties.
4. Hilton Worldwide Holdings(HLT)
- Revenue (TTM):$10.51 billion
- Net Income (TTM):$1.20 billion
- Market Cap:$51.24 billion
- 1-Year Trailing Total Return:34.14%
- Exchange:NYSE
Hilton Worldwide is a C-corp company that provides hospitality services throughout the world. It engages in the management, franchising, and ownership of hotel properties under various brand names. Its portfolio includes Waldorf Astoria Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, Hilton Garden Inn, and more.
5. Wynn Resorts (WYNN)
- Revenue (TTM):$6.97 billion
- Net Income (TTM):$861.88 million
- Market Cap:$8.60 billion
- 1-Year Trailing Total Return:-26.02%
- Exchange:Nasdaq
Wynn Resorts is a Las Vegas-based company known primarily for its casino resorts. These properties operate in Las Vegas, Macau, Cotai, and Boston Harbor. The company offers guests accommodations, dining, entertainment, and nightlife.
Global hotel revenue is expected to grow to $426.40 billion by 2024.
6. Hyatt Hotels (H)
- Revenue (TTM):$6.70 billion
- Net Income (TTM):$684 million
- Market Cap:$13.81 billion
- 1-Year Trailing Total Return:12.12%
- Exchange:NYSE
Hyatt Hotels is a C-corp company offering global hospitality services. It engages in the development, franchising, leasing, and management of resort and hotel chains under various brand names. The company's portfolio includes Park Hyatt, Grand Hyatt, Thompson Hotels, The Unbound Collection by Hyatt, Hyatt House, and more.
7. Genting Berhad (GEBHY)
- Revenue (TTM):$6.15 billion
- Net Income (TTM):$1.42 billion
- Market Cap:$3.89 billion
- 1-Year Trailing Total Return:2.26%
- Exchange: Over-the-counter (OTC)
Genting Berhad was founded in 1965 and incorporated three years later. It operates in leisure and hospitality, as well as other industries, including "oil palm plantations, power generation, oil and gas, property development, life sciences, and biotechnology activities." Its operations are based across Asia in Singapore, Indonesia, India, and China as well as Egypt, the United Kingdom, the Bahamas, and the U.S.
8. Accor (ACRFF)
- Revenue (TTM):$5.58 billion
- Net Income (TTM):$638 million
- Market Cap:$8.94 billion
- 1-Year Trailing Total Return:14.20%
- Exchange:OTC
Accor SA is a Paris-based company. It was established in 1983 after JBI and Novotel SIEH merged. It operates in over 110 countries and boasts more than 45 different hotel brands, including Fairmont, Sofitel, Swissotel, and Mövenpick. The company's stock trades on Euronext Paris while the ADRs trade over the counter in the United States.
- Revenue (TTM):$5.40 billion
- Net Income (TTM):$750 million
- Market Cap:$23.16billion
- 1-Year Trailing Total Return:-5.07%
- Exchange:Nasdaq
Host Hotels & Resorts is a self-managed and self-administered REIT with a geographically diverse portfolio of luxury and upper upscale hotels. The majority of its properties are located in the U.S., but it also owns properties in Brazil and Canada. Its properties are operated under internationally recognized brand names that include Marriott, Westin, Ritz-Carlton, Hyatt, and Hilton.
10. Minor International (MIPCF)
- Revenue (TTM):$4.30 billion
- Net Income (TTM):$5.72 billion
- Market Cap:$4.62 billion
- 1-Year Trailing Total Return:-18.17%
- Exchange:OTC
Minor International was founded in 1967. Headquartered in Thailand, it operates two business segments: Minor Hotel Group and The Minor Food Group. According to its website, Minor is "one of the largest hospitality and leisure companies in the Asia Pacific region," holding 550 hotels and resorts under its name. It also owns more than 2,600 restaurants and almost 300 retail locations.
What Hotel Brand Has the Most Properties?
As of June 2023, the Wyndham Hotel Group was the leading hotel company in the United States, with over seven thousand properties. Choice Hotels International and Marriott International ranked second and third, respectively.
What Is a Real Estate Investment Trust?
A REIT is a publicly traded company that pools investor funds to buy, operate, or finance real estate that generates income. Investors can receive a stream of income without having to invest directly in the underlying properties. REITs are highly liquid investments.
What Are C Corporation Hotels?
They're hotels organized as C corporations. A C-corp is a legal structure that is designed so that owners and shareholders are taxed separately from the corporation. It limits owner and investor liability to the amount invested in the hotel.
