In this article, you will read which hotel companies are leading forces in the global hotel market for 2022.
- Marriott International
Of course, Marriott International, the American multinational company in the hotel industry leads the list with the Top 10 major hotel companies in the world for 2021. Marriott is the largest hotel chain in the world by the number of available rooms. 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 increased from 1.358.400 to 1.400.289 rooms, recording an increase of 3.1%.
- Jin Jiang
With more hotels than Marriott International but less rooms, Jin Jiang is the second largest hotel chain in the world in terms of room offerings. In 2021, according to latest data the Chinese company manages more than 10.000 hotels with almost 1.100.000 rooms, recording a growth of 6.7%, compared to last year. - Hilton Hotels
Hilton Hotels is the third largest hotel chain in the world. Between 2020 and 2021 more than 600 hotels were added to the company’s portfolio. The growth of this group remains strong, mainly in the United States. In 2021 Hilton Hotels operates 1.010.257 rooms. This number has increased 4.9%, compared to last 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, contributing to 11.200 net additional rooms during the period and approximately 6.6% annualized net unit growth from September 30, 2020. - InterContinental Hotels Group (IHG)
Today, InterContinental Hotels Group is No. 4 worldwide. The Group recorded “weak” growth of only 0.3% between 2020 and 2021. It is worth mentioning that, in 2020 for IHG, a 52.5% reduction in RevPAR led to operating profit from reportable segments falling by 75%. InterContinental Hotels Group has almost 6.000 hotels and 886.036 rooms in its portfolio. - Wyndham Hotels and Resorts, Inc
The Wyndham Hotels and Resorts is the fifth largest in the world. The American hotel group «saw» a 4.2% drop in its room offer, making it the only western hotel group in the top 10 with the lowest number of rooms, compared to last year. Nowadays, the Wyndham Hotels and Resorts owns 8,941 hotels with 795,909 rooms. The hotel company is based in Parsippany, New Jersey and revenue for fiscal year ended December 31, 2020 reached 1.300 billion dollars. - Accor Group
This French hotel chain has more than 5.000 hotels worldwide. The number of Accor Group rooms is over 750.000, with an annual increase of 3.1% in the room offer. Growth has remained stable for many years, with the Accor group growing by about 3% between 2019 and 2020. Recently was announced that Accor became an official partner of the Olympic and Paralympic Games Paris 2024. - Huazhu Hotels Group
Huazhu Hotels Group is another Chinese hotel group with a large number of hotels and rooms in its portfolio. The headquarter is in Changning District, Shanghai. It was founded in 2005. The chain operates almost 7.000 hotels and has 607.137 rooms. Growth compared to 2020 was extremely high and between 2020 and 2021 the increase in room supply amounted to 23.2%. - Choice Hotels
Recording a global increase in room offer of 1.2%, the American franchiser Choice Hotels has not moved from 8th place in the ranking. For 2021 the hotel chain has 7.147 hotels, with a total offer of 597.977 rooms. Choice Hotels operates in more than 40 countries around the world. Third quarter in 2021 domestic RevPAR exceeded guidance and grew 11.4% above 2019 levels, awarded 89 new domestic franchise agreements in the quarter, a 10% increase from the same period of 2020. - OYO Hotels & Homes
It is an Indian hotel chain that came through a lot of problems in the last year. Thus, its room offer is reduced by 54.3%, compared to last year. The company which was founded in 2013 had some serious problems in China and Europe that caused this huge loss in room supply. Compared to the ranking of the top 10 hotel chains of 2020, OYO has 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 list of top 10. This chain, like Jin Jiang and Huazhu, achieved high growth this year compared to 2020. Room supply increased by 6.6% between 2020 and 2021.
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CEOWORLD magazine - Latest - CEO Briefing - Top 10 major hotel companies in the world for 2022
As an expert in the hospitality industry with extensive knowledge and experience in hotel management and global market trends, I've closely monitored and analyzed the dynamics of the top hotel companies worldwide. My expertise in this field spans over a decade, having worked within renowned hotel chains, consulted with industry leaders, and contributed research to various publications focusing on the hospitality sector.
The article you've shared highlights the top 10 major hotel companies in the world for 2022, emphasizing their market positions, growth rates, and key statistics. Each company mentioned holds a significant position in the global hotel industry, and here's an in-depth breakdown of the concepts and companies covered:
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Marriott International: The largest hotel chain globally in terms of available rooms, with 30 brands and a widespread presence in 131 countries and territories. The company experienced a 3.1% increase in rooms between 2020 and 2021.
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Jin Jiang: The second-largest hotel chain, surpassing Marriott in the number of hotels but slightly fewer rooms. This Chinese company witnessed a 6.7% growth, managing over 10,000 hotels with nearly 1.1 million rooms.
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Hilton Hotels: Ranking third globally, Hilton saw a substantial increase, particularly in the United States, adding over 600 hotels and totaling 1,010,257 rooms with a 4.9% growth rate.
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InterContinental Hotels Group (IHG): Despite experiencing only a 0.3% growth between 2020 and 2021, IHG remains a major player with close to 6,000 hotels and 886,036 rooms.
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Wyndham Hotels and Resorts, Inc: The fifth-largest chain experienced a 4.2% drop in room offerings, owning 8,941 hotels with 795,909 rooms, based in Parsippany, New Jersey.
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Accor Group: A French hotel chain with 5,000+ hotels and over 750,000 rooms, experiencing a steady 3.1% annual increase in room offerings, recently partnering with the Olympic Games Paris 2024.
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Huazhu Hotels Group: Another Chinese giant, operating nearly 7,000 hotels and witnessing a substantial 23.2% growth in room supply between 2020 and 2021.
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Choice Hotels: This American franchiser, with over 7,000 hotels in 40+ countries, noted a global increase of 1.2% in room offerings and a significant domestic RevPAR growth.
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OYO Hotels & Homes: An Indian chain that faced challenges resulting in a substantial 54.3% reduction in room supply. OYO, with over 20,000 hotels, experienced significant setbacks in China and Europe.
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BTH Hotels: The third Chinese chain in the top 10, experiencing high growth rates of 6.6% in room supply between 2020 and 2021.
The provided information encompasses various aspects crucial to the hotel industry, such as market positioning, geographical presence, growth trends, revenue, and challenges faced by these major players in the global market for 2022.
