The hotel industry provides short-term lodging, such as hotels and motels, as well as accommodation-related services. It is divided into two main types of companies: C-corporation hotels and hotel real estate investment trusts (REITs). C-corp hotels offer hotel management, branding and marketing, and franchise licensing, while hotel REITs focus on the acquisition, ownership, and operation of hotel real estate. The list below includes both types.

These are the 10 biggest hotel companies by 12-month trailing (TTM) revenue. Some companies outside the U.S. report profits semi-annually instead of quarterly, so the 12-month trailing data may be older than it is for companies that report quarterly. This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or through ADRs. Data is courtesy of YCharts.com. All figures are as of April 7, 2021.

The hotel industry has been severely adversely impacted by the COVID-19 pandemic and related travel restrictions. The 12-month trailing revenue and net income figures reported below for each company reflect that impact.

#1 Marriott International Inc. (MAR)

  • Revenue (TTM): $10.6 billion
  • Net Income (TTM): -$267.0 million
  • Market Cap: $49.4 billion
  • 1-Year Trailing Total Return: 114.8%
  • Exchange: NASDAQ

Marriott International is a global C-corp company engaged in the management, franchising, and licensing of hotel, residential, and timeshare properties under numerous brand names. Its portfolio of brands includes Marriott Hotels, Sheraton, Westin, The Ritz-Carlton, Renaissance Hotels, Fairfield by Marriott, and more.

#2 Hilton Worldwide Holdings Inc. (HLT)

  • Revenue (TTM): $4.3 billion
  • Net Income (TTM): -$715.0 million
  • Market Cap: $35.2 billion
  • 1-Year Trailing Total Return: 98.5%
  • Exchange: New York Stock Exchange

Hilton Worldwide is a C-corp company that provides hospitality services throughout the world. It engages in the management, franchising, and ownership of hotel properties under various brand names. Its portfolio includes Waldorf Astoria Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, Hilton Garden Inn, and more.

#3 InterContinental Hotels Group PLC (IHG)

  • Revenue (TTM): $2.4 billion
  • Net Income (TTM): -$260.0 million
  • Market Cap: $13.1 billion
  • 1-Year Trailing Total Return: 80.6%
  • Exchange: New York Stock Exchange

InterContinental Hotels is a U.K.-based C-corp company that owns and operates hotel properties worldwide. It is primarily engaged in the management and franchising of hotels under different brand names. The company's portfolio includes IHG Hotels & Resorts, Regent, Crowne Plaza, Holiday Inn, Candlewood Suites, and more.

#4 Hyatt Hotels Corp. (H)

  • Revenue (TTM): $2.1 billion
  • Net Income (TTM): -$703.0 million
  • Market Cap: $8.7 billion
  • 1-Year Trailing Total Return: 85.4%
  • Exchange: New York Stock Exchange

Hyatt Hotels is a C-corp company offering global hospitality services. It engages in the development, franchising, leasing, and management of resort and hotel chains under various brand names. The company's portfolio includes Park Hyatt, Grand Hyatt, Thompson Hotels, The Unbound Collection by Hyatt, Hyatt House, and more.

#5 Host Hotels & Resorts Inc. (HST)

  • Revenue (TTM): $1.6 billion
  • Net Income (TTM): -$732.0 million
  • Market Cap: $12.2 billion
  • 1-Year Trailing Total Return: 66.3%
  • Exchange: NASDAQ

Host Hotels & Resorts is a self-managed and self-administered REIT with a geographically diverse portfolio of luxury and upper upscale hotels. The majority of its properties are located in the U.S., but it also owns properties in Brazil and Canada. Its properties are operated under internationally recognized brand names that includes Marriott, Westin, Ritz-Carlton, Hyatt, and Hilton.

#6 Huazhu Group Ltd. (HTHT)

  • Revenue (TTM): $1.5 billion
  • Net Income (TTM): -$307.7 million
  • Market Cap: $18.2 billion
  • 1-Year Trailing Total Return: 94.3%
  • Exchange: NASDAQ

Huazhu is a China-based C-corp company with international operations. It operates under leased and owned, manachised (i.e. managed but not owned or leased), and franchised models. The company's brands include HanTing Hotel, Starway Hotel, Crystal Orange Hotel, Blossom Hill Hotels & Resorts, Steigenberger Hotels & Resorts, and more.

#7 Wyndham Hotels & Resorts Inc. (WH)

  • Revenue (TTM): $1.3 billion
  • Net Income (TTM): -$132.0 million
  • Market Cap: $6.8 billion
  • 1-Year Trailing Total Return: 145.3%
  • Exchange: New York Stock Exchange

Wyndham Hotels & Resorts is a C-corp company that provides hotel franchising and management services. It operates a global network of hotel properties under various brand names. The company's portfolio includes Wyndham Grand, Dazzler, Ramada, Super 8, Howard Johnson, and more.

#8 Service Properties Trust (SVC)

  • Revenue (TTM): $1.3 billion
  • Net Income (TTM): -$311.4 million
  • Market Cap: $2.0 billion
  • 1-Year Trailing Total Return: 162.6%
  • Exchange: NASDAQ

Service Properties Trust is a REIT that owns hotel properties and provides hospitality and travel services. Its properties are located throughout the U.S., Canada, and Puerto Rico and are operated under internationally recognized brand names, including Marriott, Hyatt, Radisson, InterContinental, and Sonesta.

#9 Extended Stay America Inc. (STAY)

  • Revenue (TTM): $1.0 billion
  • Net Income (TTM): $23.3 million
  • Market Cap: $3.5 billion
  • 1-Year Trailing Total Return: 192.7%
  • Exchange: NASDAQ

Extended Stay America is a C-corp company that owns and operates mid-priced extended-stay lodgings throughout North America. Its subsidiary, ESH Hospitality Inc., is a lodging REIT. The company manages the properties owned by ESH and also franchises additional hotels under its own Extended Stay America brand name. Its lodgings cater to guests seeking accommodations for a week or longer.

#10 Park Hotels & Resorts Inc. (PK)

  • Revenue (TTM): $852.0 million
  • Net Income (TTM): -$1.4 billion
  • Market Cap: $5.2 billion
  • 1-Year Trailing Total Return: 203.5%
  • Exchange: New York Stock Exchange

Park Hotels & Resorts is a REIT that owns a diverse portfolio of hotels and resorts. The company caters to the luxury and upper upscale segments of the hotel industry. Its properties are operated under internationally recognized brand names, including Hilton, Hyatt, Marriott, Hampton Inn & Suites, and more.