10 of the Largest Hotel Chains and Companies in 2023
Are you looking to create one of the world’s greatest hotel chains? If so, you need more than just a great location or some fancy facilities. You need a unique customer experience that stands out from all the rest, while also leaving a great lasting impression on your guests.
At its core, creating a successful hotel chain is about providing an unforgettable guest journey— right from booking to checkout. It’s about going above and beyond what your guests expect, whether it be through exceptional services like concierge assistance or surprise amenities that make their stay even more memorable.
It also requires attention to detail in every aspect of operations—from room design and maintenance to staff training and service excellence. Every member of your team should be committed to delivering outstanding hospitality standards, with a particular focus on meeting and exceeding customer expectations.
Creating one of the world’s greatest hotel chains isn’t easy but it is possible. In this article, we are going to highlight some of the world’s most successful hotel chains, and why they are loved by many.
10 of the World’s Largest Hotel Companies Reviewed
Having a strategic approach to business decisions is essential for hotel success. This includes understanding your customers’ needs and how they’ll change overtime, making sure you’re up-to-date with industry trends, analyzing data to identify opportunities for growth, and more.
These are all features and elements of the many top quality hotel chains listed below.
Marriott International is the world’s leading major hotel company for 2023. It has the most rooms available of any hotel chain, making it the largest in the world.
The company has 30 brands and a total of 7,642 hotels in 131 countries and territories worldwide, providing 1,423,044 rooms.
Between 2020 and 2021, Marriott International saw a 3.1% increase in the number of rooms available, from 1,358,400 to 1,400,289.
Jin Jiang is the second largest hotel chain in the world, with fewer rooms than Marriott International but more hotels.
The Chinese company is managing over 10,000 hotels and nearly 1.1 million rooms in 2021, showing an increase of 6.7% from the previous year.
Hilton Hotels is the third biggest hotel chain worldwide. Between 2020 and 2021, they opened over 600 new hotels.
Hilton Hotels has seen strong growth in the US, with its total number of rooms reaching 1,010,257 in 2021 – an increase of 4.9% from the previous year.
For the third quarter of 2021, net income was reported to be $240 million.
Hilton added 14,700 rooms in the third quarter, resulting in 11,200 more rooms than on September 30th. This is equivalent to an annualized growth rate of 6.6%.
InterContinental Hotels Group (IHG)
InterContinental Hotels Group, currently the fourth largest worldwide, experienced only a slight increase in growth of 0.3% between 2020 and 2021.
In 2020, IHG experienced a 52.5% reduction in RevPAR, resulting in a 75% decrease in operating profit from reportable segments.
InterContinental Hotels Group operates 6,000 hotels with a total of 886,036 rooms.
Wyndham Hotels and Resorts, Inc
Wyndham Hotels and Resorts, the fifth largest in the world, only had a 4.2% decrease in its available rooms, making it the only western hotel group in the top 10 with fewer rooms than last year.
The Wyndham Hotels and Resorts currently owns over 8,941 hotels, which offer a total of 795,909 rooms.
The hotel company, based in Parsippany, New Jersey, had a revenue of 1.3 billion dollars in the fiscal year ending December 31st 2020.
Accor Group is a French hotel chain which boasts over 5,000 hotels around the world. It has over 750,000 rooms, with an annual increase of 3.1%. This growth rate has been consistent for many years, having grown by around 3% from 2019 to 2020.
Accor has recently been announced as an official partner of the Paris 2024 Olympic and Paralympic Games.
Huazhu Hotels Group
Huazhu Hotels Group is a Chinese hotel company based in Changning District, Shanghai. It operates many hotels and has a large number of rooms available.
The company was founded in 2005, and was ranked the seven largest hotel group in the world in 2021.
The chain operates over 7,000 hotels and has more than 607,137 rooms. From 2020 to 2021, the number of rooms increased by 23.2%, which was an extremely high growth rate.
Choice Hotels, an American franchiser, saw a global increase in their room offer of 1.2% this year, leaving them in 8th place in the ranking. In 2021 they have 7,147 hotels and 597,977 total rooms.
Choice Hotels operates in more than 40 countries around the world, and owns several hotel brands ranging from upscale to economy.
In the third quarter of 2021, domestic RevPAR (Revenue Per Available Room) exceeded expectations and grew 11.4% compared to 2019 levels. During this quarter, 89 new domestic franchise agreements were signed, a 10% increase from the same period in 2020.
OYO Hotels & Homes
The Indian hotel chain experienced a lot of difficulties in the past year, resulting in a 54.3% decrease in their room availability compared to the previous year.
OYO, founded in 2013, experienced major setbacks in China and Europe that resulted in a large decrease of their room supply. As of 2020, they have dropped seven spots to rank ninth on the list of the top 10 hotel chains.
OYO runs over 20,000 hotels with a total of 449,000 rooms.
BTH Hotels is the third highest ranked Chinese hotel chain out of the 10 most popular.
Noted on their website, they focus on giving their customers a “home” when traveling, wherever and whenever they need it. And that they understand their needs and anticipate future trends in public travels.
The room supply of this chain increased by 6.6% from 2020 to 2021, similar to the growth achieved by Jin Jiang and Huazhu.
Ranking the Top Hotel Chains in the World
When it comes to listing and ranking the top hotel companies in the world today, it all starts with their commitment to delivering exceptional service to each and every guest. From personalized check-ins to attentive staff members, every aspect of a stay at a hotel strives for excellence and exceptional guest satisfaction.
In addition, the top hotels offer a variety of amenities that ensure guests have an enjoyable stay no matter where they are located around the globe. These include amenities such as fitness centers, business centers, Wi-Fi access and pool areas that are designed to make for an enjoyable stay no matter where and how long you are in such hotels.
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