20 World’s Biggest Hotel Companies

 

20 World’s Biggest Hotel Companies in 2023

 

20 World’s Biggest Hotel Companies- According to the Annual Report of Hotel Companies in 2023, there are 20 World’s Biggest Hotel Companies. These hotels are popular and can be seen in many countries. With Luxurious facilities, and uniqueness of each building, these hotels can attract many people from around the world. Maybe some of us know about these hotels because of its ease of finding these hotels in specific places. Basically, these hotels have billions of US Dollars of total assets and revenue.

 

Here are the 20 World’s Biggest Hotel Companies in 2023. These data were obtained from the Annual Report of each hotel company in 2023. The observed data came from the Balance Sheet and Income Statement of the company and this data becomes the main source to rank the hotel performance in this article. Here is the rank of 20 World’s Biggest Hotel Companies based on Total Assets in 2023. In the table below, we give the total assets and total liabilities data taken from the Balance sheet of annual report in 2023. Meanwhile, Ranking the hotel company based on the total assets in 2023.

 

The Rank of 20 World’s Biggest Hotel Companies Based on Total Assets

 

Rank	Name of Hotel Companies	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		Origin Currency	US Dollar (USD)	Origin Currency	US Dollar (USD)
1	MGM Resorts	USD 42.3 billion	USD 42.3 billion	USD 38 billion	USD 38 billion
2	Marriott International Inc.	USD 25.6 billion	USD 25.6 billion	USD 26.3 Billion	USD 26.3 Billion
3	Las Vegas Sands	USD 21.7 Billion	USD 21.7 Billion	USD 17.6 billion	USD 17.6 billion
4	Hilton Worldwide Holdings Inc	USD 15.4 billion	USD 15.4 billion	USD 17.7 billion	USD 17.7 billion
5	Shangri-La	USD 12.86 billion	USD 12.86 billion	USD 7.3 billion	USD 7.3 billion
6	Hyatt Hotels Corp	USD 12.83 billion	USD 12.83 billion	USD 9.2 billion	USD 9.2 billion
7	Wynn Resorts	USD 13.9 billion	USD 13.9 billion	USD 15 billion	USD 15 billion
8	Host Hotels & Resorts Inc.	USD 12.2 billion	USD 12.2 billion	USD 5.4 billion	USD 5.4 billion
9	Whitbread	GBP 9.5 billion	USD 11.8 billion	GBP 6 billion	USD 7.5 billion
10	Accor	EUR 11.2 billion	USD 11.6 billion	EUR 6.2 billion	USD 6.4 billion
11	Galaxy Entertainment	HKD 87.2 billion	USD 11.3 billion	HKD 15.9 billion	USD 2 billion
12	Huazhu Group Ltd	USD 8.9 Billion	USD 8.9 Billion	USD 7.2 Billion	USD 7.2 Billion
13	Oriental Land	JPY 1,335 billion	USD 8.6 billion	JPY 386 billion	USD 2.5 billion
14	Wynn Macau	HKD 44.7 billion	USD 5.8 billion	HKD 60.6 billion	USD 7.8 billion
16	InterContinental Hotels Group	USD 4.8 billion	USD 4.8 billion	USD 6.7 billion	USD 6.7 billion
15	Wyndham Hotels & Resorts Inc	USD 4 billion	USD 4 billion	USD 3.2 billion	USD 3.2 billion
17	Ryman Hospitality Properties	USD 5.1 billion	USD 5.1 billion	USD 4.2 billion	USD 4.2 billion
18	Kangwon Land	KRW 4,448 billion	USD 3.1 billion	KRW 770 billion	USD 0.54 billion
19	Choice Hotels International	USD 2.39 billion	USD 2.39 billion	USD 2.35 billion	USD 2.35 billion
20	Indian Hotels Company	USD 1.8 billion	USD 1.8 billion	USD 0.51 billion	USD 0.51 billion
Source: Annual Report, 2023
Origin Currency: Currency which is officially used in Annual Report 2023
US Dollar: Converted Currency from Origin Currency to US Dollar based on Currency Rates
Currency Rates:
	1 Japanese Yen (JPY) = 0.0072 US Dollar (USD)
	1 Hongkong Dollar (HKD) = 0.13 US Dollar (USD)
	1 Euro (EUR) = 1.04 US Dollar (USD)
	1 Pound sterling (GBP) = 1.25 US Dollar (USD)
	1 South Korean Won (KRW) = 0.00071 US Dollar (USD)

 

Based on the business performance in 2023, Here are the rank of 20 World’s Biggest Hotel Companies based on the net income. This data was obtained from the Income Statement of the company in 2023. We also give the total revenue as additional data, but we ranked based on the net income.

 

The Rank of 20 World’s Biggest Hotel Companies Based on Net Income

 

Rank	Name of Hotel Companies	Revenue	Revenue	Net Income	Net Income
		Origin Currency	US Dollar (USD)	Origin Currency	US Dollar (USD)
1	Marriott International Inc.	USD 23.7 billion	USD 23.7 billion	USD 3 billion	USD 3 billion
2	Las Vegas Sands	USD 10.3 Billion	USD 10.3 Billion	USD 1.4 billion	USD 1.4 billion
3	MGM Resorts	USD 16.1 billion	USD 16.1 billion	USD 1.3 billion	USD 1.3 billion
4	Hilton Worldwide Holdings Inc.	USD 10.2 billion	USD 10.2 billion	USD 1.1 billion	USD 1.1 billion
5	Oriental Land	JPY 618 billion	USD 4 billion	JPY 120 billion	USD 0.86 billion
6	Galaxy Entertainment	HKD 35.6 billion	USD 4.6 billion	HKD 6.9 billion	USD 0.8 billion
7	Host Hotels & Resorts Inc.	USD 5.3 billion	USD 5.3 billion	USD 0.752 billion	USD 0.752 billion
8	InterContinental Hotels Group	USD 4.6 billion	USD 4.6 billion	USD 0.750 billion	USD 0.750 billion
9	Wynn Resorts	USD 6.5 billion	USD 6.5 billion	USD 0.729 billion	USD 0.729 billion
10	Accor	EUR 5.0 billion	USD 5.2 billion	EUR 650 million	USD 0.676 billion
11	Huazhu Group Ltd.	USD 3 Billion	USD 3 Billion	USD 0.582 billion	USD 0.582 billion
12	Whitbread	GBP 2.9 billion	USD 3.6 billion	GBP 401 million	USD 0.501 billion
13	Ryman Hospitality Properties	USD 2.1 billion	USD 2.1 billion	USD 0.341 billion	USD 0.341 billion
14	Wyndham Hotels & Resorts Inc.	USD 1.39 billion	USD 1.39 billion	USD 0.289 billion	USD 0.289 billion
15	Choice Hotels International	USD 1.5 Billion	USD 1.5 billion	USD 0.258 billion	USD 0.258 billion
16	Kangwon Land	KRW 1,388 billion	USD 0.98 billion	KRW 340 billion	USD 0.24 billion
17	Hyatt Hotels Corp. (H)	USD 6.6 billion	USD 6.6 billion	USD 0.220 billion	USD 0.220 billion
18	Shangri-La	USD 2.1 billion	USD 2.1 billion	USD 201 million	USD 0.201 billion
19	Indian Hotels Company	USD 817 million	USD 0.817 billion	USD 0.160 billion	USD 0.160 billion
20	Wynn Macau	HKD 24.2 billion	USD 3.1 billion	HKD 1.1 billion	USD 0.14 billion
Source: Annual Report, 2023
Origin Currency: Currency which is officially used in Annual Report 2023
US Dollar: Converted Currency from Origin Currency to US Dollar based on Currency Rates
Currency Rates:
	1 Japanese Yen (JPY) = 0.0072 US Dollar (USD)
	1 Hongkong Dollar (HKD) = 0.13 US Dollar (USD)
	1 Euro (EUR) = 1.04 US Dollar (USD)
	1 Pound sterling (GBP) = 1.25 US Dollar (USD)
	1 South Korean Won = 0.00071 US Dollar (USD)

 

Brief description of 20 World’s Biggest Hotel Companies

 

1.MGM Resorts

MGM Resorts International is a multinational corporation that was incorporated in 1986. Basically, this company is a holding company with various subsidiaries and owns and operates integrated casino, hotel, and entertainment resorts across the United States and in Macau. As of December 31, 2021, this company has leased the real estate assets of The Mirage, Luxor, New York-New York, Park MGM, Excalibur, The Park, Gold Strike Tunica, MGM Grand Detroit, Beau Rivage, Borgata, Empire City, MGM National Harbor, MGM Northfield Park, and MGM Springfield.

Financially, according to an annual report in 2023, MGM Resorts has total assets of about USD 42.3 billion with total liabilities around USD 38 billion. Based on the income statement of 2023, this company has revenue around USD 16.1 billion with a net income of around USD 1.3 billion.

2.Marriott International Inc. 

Marriott International is a multinational hotel company that has operated 8,000 properties containing 1,423,044 rooms in 131 countries. Historically, this company was founded by J. Willard Marriott and Alice Marriott on March 5, 1927. Operational, along with business development, this company has 3 quality tiers of service. These are Luxury, Premium, and Select. Luxury offers bespoke and superb amenities and services with Classic Luxury hotel brands include JW Marriott, The Ritz-Carlton, St. Regis, W Hotels, The Luxury Collection, and Bvlgari. Furthermore, Premium categories offer sophisticated and thoughtful amenities and services with brands including Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, and Marriott Vacation Club. Distinctive Premium hotel brands include Westin, Renaissance Hotels, Le Méridien, Autograph Collection Hotels, Gaylord Hotels, Tribute Portfolio, and Design Hotels. Meanwhile, select categories are Courtyard, Residence Inn, Fairfield, SpringHill Suites, Four Points, TownePlace Suites, and Protea Hotels. Distinctive Select hotel brands include Aloft Hotels, AC Hotels by Marriott, Element Hotels, and Moxy Hotels.

Financially, Marriott International Inc has total assets of USD 25.6 billion and total liabilities around USD 26.3 billion with revenue around USD 23.7 billion and net income around USD 3 billion. This data was obtained from Marriott annual Report in 2023.

3.Las Vegas Sands

Las Vegas Sands Corp is a multinational hotels company that was founded on November 17, 1988, by Sheldon Adelson. Operationally, this company has headquartered in Paradise, Nevada, U.S. Along with development of the company, this company has some properties in the Marina Bay Sands (Singapore), Sands Macao, The Londoner Macao, The Venetian Macao, The Plaza Macao, and The Parisian Macao in Macau. Financially, this company has total assets around USD 21.7 billion with total liabilities around USD 17.6 billion. Based on the income statement, the company has reached revenue around 10.3 billion USD and successfully gained net income around USD 1.4 billion.

4.Hilton Worldwide Holdings Inc. (HLT)

Hilton Worldwide Holdings Inc. is a multinational company that has several properties and brands across the countries. Historically, this company was founded by Conrad Hilton on May 31st, 1919. Operationally, this company has a central office in Tysons Corner, Virginia, United States. With the business development of the company, Hilton worldwide has miscellaneous brands include Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, Hilton Hotels & Resorts, Embassy Suites Hotels, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and others. Financially, in 2022, according to its annual report, this company has total assets around USD 15.4 billion with total liabilities around USD 17.7 billion. Meanwhile in 2023, the company has revenue around USD 10.2 billion with net income around USD 1.1 billion.

 

5.Shangri-La

Shangri-La Hotels and Resorts is Multinational hotel company that was founded in 1971 by Robert Kuok. Operationally, this company has a central office in Quarry Bay, Hongkong. As a hotel company, Shangri-La has some brands of its products. These are Shangri-La, Hotel Jen, Kerry Hotels, and Traders. Financially, this company has total assets around USD 12.86 billion with total liabilities around USD 7.3 billion. Based on its performance in 2023, the company gained revenue around 2.1 billion US Dollar and successfully gained net income around 201 million US. Dollar. These data were obtained from Shangri-La annual report 2023.

6.Hyatt Hotels Corp. (H)

Hyatt Hotels Corporation or known as Hyatt Hotels & Resorts is a multinational hotel company that was founded on September 27th, 1957, by Hyatt Robert Von Dehn and Jack Dyer Crouch. Operationally, this company has some brands including Park Hyatt, Miraval, Grand Hyatt, Andaz, Alila Hotels and Resorts, Thompson Hotels, Hyatt Centric, and Caption by Hyatt. Financially, based on the Balance sheet in 2023, the company has total assets around USD 12.8 billion with total liabilities around USD 9.2 billion. Based on the business performance in 2023, the company gained revenue around USD 6.6 billion and successfully gained net income of around USD 0.22 billion.

7.Wynn Resorts

Wynn Resorts is multinational hotel company that was founded by Steve Wynn and Kazuo Okada. Operationally, this company has a primary office in Las Vegas Strip, Nevada, USA. Based on the balance sheet in 2023, the company has total assets around USD 13.9 billion with total liabilities around USD 15 billion. Based on the business performance in 2023, the company gained revenue around USD 6.5 billion and net income around USD 0.729 billion. These data were obtained from the Income statement in 2023.

8.Host Hotels & Resorts Inc. (HST)

Host Hotels & Resorts Inc. is a multinational hotel company that was founded in 1993. Operationally, this company has a primary office in Bethesda, Maryland, United States. Financially in 2021, based on the balance sheet, the company has total assets around USD 12.2 billion with total liabilities around USD 5.4 billion. Meanwhile, the business performance of this company is still in positive performance with revenue around USD 5.3 billion and successfully gained net income around 0.75 billion USD.

9.Whitbread

Whitbread is a multinational hotels company that has a central office in Houghton Regis, England, UK. Basically, this company was founded in 1742 by Samuel Whitbread. By the way, along with development of the company, Whitbread served customers in the United Kingdom, Uni Arab Emirates, Ireland, India, and Germany. Financially, based on the financial condition in the balance sheet of the company, Whitebread has assets around GBP 9.5 billion or equivalent with USD 11.8 billion with liabilities around GBP 6 billion or equivalent with USD 7.5 billion. In 2023, based on the performance, the company gained revenue around GBP 2.9 billion or equivalent with USD 3.6 billion. Furthermore, the net income of the company reached GBP 0.401 billion or equivalent with USD 0.501 billion.

10.Accor

Accor S.A. is a multinational hotel company that was founded in 1967 in Paris, France. Basically, this company was founded by Gérard Pelisson and Paul Dubrule. Now, this company has a primary office in Tour Sequana, Issy-les-Moulineaux, France. Based on the brands, Accor has many brands. These are Raffles Hotels and Resorts, Fairmont Hotels and Resorts, Raffles Hotels and Resorts, Grand Mercure, Pullman, Novotel, Ibis, and the others.

Based on the financial condition in the Balance sheet of 2023, the company has total assets around EUR 11.2 billion or equivalent with USD 11.6 billion and total liabilities around EUR 6.2 billion or equivalent with USD 6.41 billion. Based on the company's business performance in 2023, Accor gained revenue around EUR 5 billion or equivalent with USD 5.2 billion and net income around EUR 650 million or equivalent with USD 0.676 billion.

11.Galaxy Entertainment

Galaxy Entertainment Group is a hotel company that was founded in 1988 by Lui Che Woo. Operationally, this company has a central office in Hong Kong. Basically, this company has some properties, and casinos include The StarWorld Macau, CityClub casinos, Waldo Casino President Casino, Rio Casino, Broadway Casino, and The Galaxy Macau.

Based on the financial condition in the Balance sheet in 2023, the company has total assets around HKD 87.2 billion or equivalent with USD 11.3 billion with total liabilities around HKD 15.9 billion or equivalent with USD 2 billion. In the business performance of 2023, the revenue of the company reached HKD 35.6 billion Hong Kong Dollar or equivalent with 4.6 billion USD with net income around 6.9 billion Hong Kong Dollar or equivalent with 0.8 billion USD.

12.Huazhu Group Ltd. (HTHT)

Huazhu Hotels Group Ltd is a Chinese Hotel company that was founded by Ji Qi in 2005. Operationally, this company has a primary office in Changning District, Shanghai, China. Along with business development of the company, Huazhu has some hotels. These hotels are Steigenberger Icons, Porsche Design Hotels, Song Hotel, Joya Hotel, Blossom Hill Hotels & Resorts, and Steigenberger. Based on the financial condition, the company has total assets around USD 8.9 billion and total liabilities around USD 7.2 billion. In 2023, the company gained revenue around USD 3 billion and successfully gained net income of around USD 0.582 billion.

13.Oriental Land

The Oriental Land Company is a Japanese hotel company that was founded on July 11, 1960. Operationally, this company has a central office in Urayasu, Chiba, Japan. Along with development this company has managed some properties including Tokyo Disney Resort, Milial Resort Hotels, Maihama Resort Line.

According to the balance sheet of the company, this company has total assets around JPY 1,335 billion or equivalent with USD 8.9 billion and total liabilities around JPY 386 billion or equivalent with USD 2.5 billion. Based on the business performance in 2023, the company gained revenue around JPY 618 billion or equivalent with USD 4 billion and net income around JPY 120 billion or equivalent with USD 0.86 billion.

 

14.Wynn Macau

Wynn Macau is   developer, owner and operator of two integrated destination casino resorts, namely Wynn Palace (a 6 million square foot integrated resort, was opened to the public on 22 August 2016 in the Cotai area of Macau) and Wynn Macau (a 3 million square foot integrated resort, was opened to the public on 6 September 2006 in the heart of the Macau Peninsula), located in the Greater Bay Area region of the People’s Republic of China. 

In terms of financial conditions, Wynn Macau has total assets of around HKD 44.7 billion or equivalent with USD 5.8 billion and total liabilities of around HKD 60.6 billion or equivalent with USD 7.8 billion. Furthermore, in the year of 2023, Wynn Macau successfully gained total revenue of HKD 24.2 billion or equivalent with USD 3.1 billion with net income of around HKD 1.1 billion or equivalent with USD 0.14 billion.

15.Wyndham Hotels & Resorts Inc. (WH)

Wyndham Hotels & Resorts, Inc. is a multinational hotel company that was founded by Trammel Crow in 1981. Operationally, this company has a primary office in Parsippany, New Jersey, USA. Based on its brand, this company has some brands include Registry, Wyndham Grand, Dolce Hotels and Resorts, Wyndham, Financially, this company has total assets around USD 4 billion with total liabilities around USD 3.2 billion. Based on the business performance in 2023, the company has revenue around USD 1.39 billion with net income around USD 0.289 billion.

16.InterContinental Hotels Group PLC (IHG)

InterContinental Hotels Group PLC is a multinational hotel company that was founded in April 2003 by Juan Trippe. Operationally, this company has a central office in Denham, Buckinghamshire, England, UK. Some of the hotel brands are Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Vignette Collection, Hotel Indigo, and others. Financially, this company has total assets around USD 4.8 billion with total liabilities around USD 6.7 billion. Based on business performance in 2023, the company has revenue around USD 4.6 billion with net income around USD 0.750 billion.

17.Ryman Hospitality Properties

Ryman Hospitality Properties, Inc. is an American based hotel company that was founded in 1925 by Edward Gaylord. Operationally, this company has a primary office in Nashville, Tennessee, U.S. Based on the financial conditions in 2023, the company has total assets around USD 5.1 billion with total liabilities around USD 4.2 billion. On the business performance in 2023, the company gained revenue around USD 2.1 million and successfully gained net income around USD 341 million.

18.Kangwon Land

Kangwon Land is South Korean based company that has a central office in 265 High1-gil, Jeongseon-gun, Gangwon-do. Financially in 2021, the company has assets around KRW 4,448 billion or equivalent with USD 3.1 billion and total liabilities around KRW 770 billion or equivalent with USD 540 million. Based on the business performance, the company gained revenue around 1,388 billion KRW or equivalent with 0.98 billion USD and successfully gained net income of 340 billion KRW or equivalent with 0.24 billion USD.

19.Choice Hotels International

Choice Hotels International is an American-based company that has a primary office in Rockville, Maryland, United States of America. Historically, this company was founded in 1939. Nowadays, this company has total assets around USD 2.39 billion with total liabilities around USD 2.35 billion. Based on the business performance in 2023, the company gained revenue USD 1.5 billion and reached net income around USD 0.258 billion.

20.Indian Hotels Company

The Indian Hotels Company Limited is an Indian-based hotel company that was founded by Jamsetji Tata in 1899. Basically, this company has some hotel's brands including Taj, Vivanta, Ginger, and SeleQtions. Financially, this company has total assets around USD 1.8 billion and total liabilities around USD 0.51 billion. Based on the business performance in 2023, the company gained revenue around USD 0.817 billion and net income of USD 0.16 billion.

 

The Summary of 20 World’s Biggest Hotel Companies Based on Total Assets in 2023

 

The Summary of 20 World’s Biggest Hotel Companies Based on Net Income in 2023

 

 

Bibliography of 20 World’s Biggest Hotel Companies in 2023

 

MGM Resorts. 2024. Annual Report 2023. Accessed via https://investors.mgmresorts.com/investors/financial-info/annual-reports/default.aspx  on July 5th, 2024.

Marriott International Inc. 2024. Annual Report 2023. Accessed via https://investors.mgmresorts.com/investors/overview/default.aspx  on July 5th, 2024.

Las Vegas Sands. 2024. Annual Report 2023. Accessed via https://investor.sands.com/home/default.aspx  on July 5th, 2024.

Hilton Worldwide Holdings Inc. 2024. Annual Report 2023. Accessed via https://ir.hilton.com/financial-reporting/annual-reports   on July 5th, 2024.

Shangri-La. 2024. Annual Report 2023. Accessed via https://www.shangri-la.com/group/investors/public-disclosures   on July 5th, 2024.

Hyatt Hotels Corp. 2024. Annual Report 2023. Accessed via https://investors.hyatt.com/investor-relations/financial-reporting/annual-reports/default.aspx  on July 5th, 2024.

Wynn Resorts.2024. Annual Report 2023. Accessed via https://wynnresortslimited.gcs-web.com/sec-filings-disclaimer  on July 5th, 2024.

Host Hotels & Resorts Inc. 2024. Annual Report 2023. Accessed via https://ir.hosthotels.com/annual-reports  on July 5th, 2024.

Whitbread.2024. Annual Report 2023. Accessed via https://www.whitbread.co.uk/investors/results-reports-and-presentations/  on July 5th, 2024.

Accor.2024. Annual Report 2024=3. Accessed via https://group.accor.com/en/hotel-development/Optimise-your-costs/Procurement  on July 5th, 2024.

Galaxy Entertainment.2024. Annual Report 2023. Accessed via https://www.galaxyentertainment.com/en/investor/financial-reports  on July 5th, 2024.

Huazhu Group Ltd. 2024. Annual Report 2023. Accessed via https://ir.hworld.com/  on July 5th, 2024.

Oriental Land. 2024. Annual Report 2023. Accessed via http://www.olc.co.jp/en/ir/library/annual.html  on July 5th, 2024.

Wynn Macau. 2024. Annual Report 2023. Accessed via http://en.wynnmacaulimited.com/financial-information/annual-reports  on July 5th, 2024.

Wyndham Hotels & Resorts Inc. 2024. Annual Report 2023. Accessed via https://investor.wyndhamhotels.com/financial-information/all-sec-filings  on July 5th, 2024.

InterContinental Hotels Group PLC. 2024. Annual Report 2023. Accessed via https://www.ihgplc.com/en/investors/annual-report  on July 5th, 2024.

Ryman Hospitality Properties. 2024. Annual Report 2023. Accessed via https://ir.rymanhp.com/financial-information/annual-reports  on July 5th, 2024.

Kangwon Land. 2024. Annual Report 2023. Accessed via https://kangwonland.high1.com/kangwonland_eng/selectBbsNttList.do?bbsNo=53&key=384  on July 5th, 2024.

Choice Hotels International. 2024. Annual Report 2023. Accessed via http://investor.choicehotels.com/investor-home  on July 5th, 2024.

Indian Hotels Company. 2024. Annual Report 2023. Accessed via https://www.ihcltata.com/investors/  on July 5th, 2024.