This article will tell you which hotel firms will dominate the worldwide hotel market in 2022.
Read More: 7 Tips for Making International Business Travel Successful
1. Marriott Intl
Of course, Marriott International, an American international hotel corporation, tops the list of the Top 10 Global Hotel Companies for 2021. Marriott is the world’s largest hotel chain by room count. It has 30 brands and 7.642 hotels in 131 countries and territories. Marriott International rooms rose by 3.1 percent between 2020 and 2021, from 1.358.400 to 1.400.289.
2. Jin Jiang
With more hotels than Marriott International but less rooms, Jin Jiang is the world’s second largest hotel chain. In 2021, the Chinese corporation will handle over 10.000 hotels with almost 1.100.000 rooms, an increase of 6.7% over last year.
3. Hilton Hotels
Hilton is the world’s third largest hotel chain. Between 2020 and 2021, the corporation added about 600 hotels. This group continues to develop, especially in the US. 1 010.257 rooms in 2021. This figure is up 4.9% over last year. The third quarter of 2021 net income was $240 million. On average, Hilton added 14.700 rooms in the third quarter, for a net increase of 11.200 rooms from September 30, 2020.
4. InterContinental Hotels Group (IHG)
InterContinental Hotels Group is now #4 globally. Between 2020 and 2021, the Group grew by only 0.3 percent. In 2020, IHG’s operating profit from reportable segments fell by 75% due to a 52.5 percent decline in RevPAR. The InterContinental Hotels Group has about 6,000 hotels and 886.036 rooms.
5. Wyndham Hotels and Resorts, Inc
Wyndham Hotels and Resorts is the world’s fifth largest. The American hotel group suffered a 4.2 percent decrease in room supply, making it the only western hotel group in the top 10. It now has 8,941 hotels with 795,909 rooms. The hotel company’s revenue for the year ended December 31, 2020 was $1.3 billion.
Read More: How IoT Devices Can Improve Your Business Office
6. Accor Group
Hotel chain with around 5000 hotels globally. The Accor Group has over 750.000 rooms, with a 3.1 percent yearly increase in room offer. The Accor group’s growth rate is expected to be around 3% between 2019 and 2020. Accor just became an official partner of the 2024 Olympic and Paralympic Games in Paris.
7. Huazhu Hotels Group
Huazhu Properties Group is a prominent Chinese hotel chain with several hotels and rooms. The company is based in Changning, Shanghai. It began in 2005. It has over 7000 hotels and 607.137 rooms. Room supply increased by 23.2 percent between 2020 and 2021, compared to 2020.
8. Choice Hotels
Despite a 1.2 percent global rise in room supply, American franchiser Choice Hotels has remained in 8th spot. In 2021, the hotel network has 7.147 hotels and 597.977 rooms. Choice Hotels operates in over 40 countries. 89 new domestic franchise agreements were awarded in the third quarter of 2021, a 10% increase over the same time in 2020.
9. OYO Hotels
It’s an Indian hotel chain that’s had a hard year. So its room offer is down 54.3 percent from last year. The company, launched in 2013, has major issues in China and Europe, resulting in substantial room supply losses. OYO has dropped 7 spots from the top 10 hotel chains of 2020 to 9th. OYO still has 20.000 hotels and 449.000 rooms.
10. BTH Hotels
The third Chinese hotel chain in the top 10 is BTH Hotels. Like Jin Jiang and Huazhu, this chain grew rapidly in 2019. Between 2020 and 2021, room supply grew 6.6%.