10 Biggest Hotel Companies and REITs

The hotel industry provides short-term lodging facilities, 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. 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 revenue reflecting data as of Dec. 21, 2022. This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or through ADRs.

#1 Marriott International Inc. (MAR)

• Revenue: $19.3 billion
• Net Income: $2.2 billion
• Market Cap: $47.6 billion
• 1-Year Trailing Total Return: 1.1%
• 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 Inn & Suites, and more.

#2 Hilton Worldwide Holdings Inc. (HLT)

• Revenue: $8.16 billion
• Net Income: $1.07 billion
• Market Cap: $35 billion
• 1-Year Trailing Total Return: -7.4%
• 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 Hyatt Hotels Corp. (H)

• Revenue: $5.38 billion
• Net Income: $132 million
• Market Cap: $10.1 billion
• 1-Year Trailing Total Return: 13.15%
• 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.

#4 Host Hotels & Resorts Inc. (HST)

• Revenue: $4.6 billion
• Net Income: $806 million
• Market Cap: $12.1 billion
• 1-Year Trailing Total Return: 10.6%
• 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 include Marriott, Westin, Ritz-Carlton, Hyatt, and Hilton.

#5 InterContinental Hotels Group PLC (IHG)

• Revenue: $3.5 billion
• Net Income: $434 million
• Market Cap: $10.8 billion
• 1-Year Trailing Total Return: -0.04%
• Exchange: New York Stock Exchange

InterContinental Hotels is a U.K.-based C-corp company that owns and operates hotel properties worldwide and manages and franchises hotels under various brand names. The company's portfolio includes IHG Hotels & Resorts, Regent, Crowne Plaza, Holiday Inn, and Candlewood Suites.

#6 Park Hotels & Resorts Inc. (PK)

• Revenue: $2.3 billion
• Net Income: $61 million
• Market Cap: $2.7 billion
• 1-Year Trailing Total Return: -31.3%
• 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, and Embassy Suites.

#7 H World Group Ltd (HTHT)

• Revenue: $2.05 billion
• Net Income: -$328.45 million
• Market Cap: $13.37 billion
• 1-Year Trailing Total Return: 21.2%
• Exchange: NASDAQ

Based in China, H World Group Limited is a key player in the global hotel industry operating 8,176 hotels. H World’s brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, and Crystal Orange Hotel.

#8 Service Properties Trust (SVC)

• Revenue: $1.8 billion
• Net Income: -$367 million
• Market Cap: $1.2 billion
• 1-Year Trailing Total Return: -9.1%
• 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, Crowne Plaza, and Sonesta.

#9 Ryman Hospitality Properties (RHP)

• Revenue: $1.6 billion
• Net Income: $67.2 billion
• Market Cap: $4.7 billion
• 1-Year Trailing Total Return: 5%
• Exchange: New York Stock Exchange

Ryman Hospitality Properties is a leading lodging and hospitality REIT that specializes in upscale convention center resorts and country music entertainment experiences. RHP’s holdings include the Gaylord Opryland Resort & Convention Center with a controlling ownership interest in Opry Entertainment Group (OEG). 

#10 Wyndham Hotels & Resorts Inc. (WH)

• Revenue: $1.56 billion
• Net Income: $348 million
• Market Cap: $6.1 billion
• 1-Year Trailing Total Return: -13.16%
• 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, and Howard Johnson.