Top 10 biggest hotel chains
Here are the largest hotel chains in North America, according to their 2017 revenue figures
10. G6 Hospitality LLC – $636mn
With an estimated revenue of $636mn in 2017, G6 Hospitality has launched three brands to cater to its diverse demographic, and embraced franchising to further business growth. A subsidiary of French hotel chain, Accor SA, the company has launched its longstanding economy brand, Motel 6, in 49 states, and five Canadian provinces. Similarly, its extended stay brand, Studio 6, aims to reinvent economy lodging and transform the guest experience. In 2014, the business added two new brands to its portfolio – Hotel 6 and Estudio 6, in a bid to enter the Latin America market.
9. Extended Stay America – $1.28bn
Featuring popular destinations, such as New York, Washington DC, Miami and more, Extended Stay America has close to 630 properties spanning the US and Canada. The chain is targeted to customers on a budget, with spacious, pet-friendly suites and high specifications on offer across its locations. Catering for families, corporate businesses and short-stay travelers alike, children can stay for free, with a multitude of choices for a varied customer market. Headquartered in North Carolina, the business listed on the New York Stock Exchange in a ‘paired share’ with ESH Hospitality, Inc.
8. Choice Hotels – $1bn
One of the largest and most successful lodging franchisors in the world, with names such as Clarion, Econo Lodge, Comfort Inn and Comfort Suites under its umbrella, Choice Hotels caters to both corporate and leisure demand. With more than 6,800 rooms on offer, the business franchises over 6,300 properties, ranging from economy to luxury properties. In a bid to further expand its service offering, the business has recently finalized an agreement with C&O Bloomington to develop the Cambria Hotel Minneapolis at Saint Paul Airport, set to open in 2019.
7. Wyndham Hotels & Resorts – $5.1bn
Situated in 66 countries worldwide with 8,000 hotels in its portfolio, Wyndham Hotels & Resorts has established 15 hotel brands. Within its portfolio, the business caters to those on a budget with brands such as Travelodge, as well as corporate guests with brands such as Wyndham Garden. In recent years the group has won a number of accolades, in particular for its rewards program which has been commended by US News and World Report, IdeaWorks and USA TODAY.
6. InterContinental Hotels Group – $1.78bn
Known for building superior brands, with over 5,400 hotels worldwide, InterContinental Hotels Group (IHG) gained revenue of $1.784bn in 2017, and bought a 51% stake in Regent Hotels for $39mn earlier this year. Adopting a franchised model, the business currently has 1,776 hotels in the pipeline, with 974 properties under its portfolio. Its breadth and scale covers 15 brands, serving a diverse client market in up to 100 countries, with more than 100mn members enrolled in its rewards club. Not content with providing services in over 100 languages through its 18,000-strong sales team, the business’ food and beverage capabilities are also second to none, having contributed up to 15% of gross revenue in 2017.
5. AccorHotels – $2.24bn
The largest hotel chain based outside of the US, pioneer AccorHotels hosts up to 500,000 guests each day across 25 hotel brands worldwide. In 2016, the business merged with FRHI Hotels & Resorts, leading to the FRHI Global Reservation Centre in Canada being rebranded as Accor Hotels Global Reservations Centre. 27mn members form part of Accor’s attractive loyalty program, Club AccorHotels, which caters to all customers whatever their budget, with 4,530 hotels on offer. From affordable, valuable comfort brands such as Ibis, to high-end luxury brands such as Novotel and Raffles Hotels and Resorts, each brand houses its own vision for operational excellence. Housing a Marketing Innovation Lab, the company is always looking to enter new markets, and is set to launch new lifestyle brand, JO&JOE, to cater for a growing millennial market in regions such as Europe, Asia Pacific and the Americas.
4. Hyatt Hotels Corporation – $4.69bn
Since going public in the 1960s, US based Hyatt Hotels Group has grown to 750 properties in 54 countries. The group is continuing to expand its portfolio across Latin America and the Caribbean, and has recently opened a number of new locations in Central and Latin America across several of its key brands, such as Hyatt Place, Grand Hyatt and Hyatt Centric. In total, the group has about 45,000 staff and total assets amounting to $3.52bn, as of 2017.
3. Best Western – $6bn (estimated)
Winning a multitude of awards and operating over 2,000 hotels in North America alone, privately held hotel operator Best Western boasts 4,200 hotels and motels under its umbrella. With three innovative brands: Best Western, Best Western Plus and Best Western Premier, the business provides exceptional services to 58mn members in the US and Canada. The company’s most popular loyalty program, Best Western Rewards (BWR), comprises 35mn members and has earned top rankings on the US News & World Report’s Best Hotel Rewards Programs list for six years in a row.
2. Hilton Worldwide – $9.14bn
Founded in the early 20th century, Hilton Worldwide has become one of the most famous hotel and resort companies in the world. Adopting a franchise model, the business has 14 brands, situated in six continents. Additionally, Hilton is set to open over 10 new hotels worldwide by the end of 2018, highlighting its continual bid to unlock opportunities in new and existing markets.
1. Marriott International – $22bn
Surpassing all other hospitality chains, longstanding hospitality juggernaut Marriott International operates in over 125 countries, franchising more than 6,500 properties. The largest hospitality provider in the world, its vast footprint has enabled it to gain a loyal following, as it seeks to put its customers first whilst pursuing excellence across its 30 award-winning brands. Negotiating competitive rates for customers worldwide, the business acquired Starwood Hotels & Resorts in 2016 for $13bn, the largest-ever acquisition of a hotel chain. Marriott remains committed to delivering exceptional guest experiences, gaining 110mn combined loyalty members across its three programs: Marriott Rewards, Starwood Preferred Guest and The Ritz-Carlton Rewards.