Hotel chains, essentially groups of hotels operating under the same brand, offer guests a sense of familiarity and reliability. Whether booking a room in New York City or Tokyo, guests can expect consistent standards of quality and service, as the branding ensures uniformity across properties. In the United States, there are over 21,997 hotels and the state with the most hotels is Texas (2.4K) followed by California (1.7K) and Florida (1.5K).
The hotel chain’s market is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031, from an estimated US$ 149250 million in 2023 to US$ 220500 million by 2031.
Top Hotel Groups: Key Facts and Statistics of Leading Hotel Brands in 2024
Today, some major players dominate the hotel industry in terms of the number of rooms and properties they manage.
Choice International Group Hotels stands out as the largest hotel company in the USA, offering a range of accommodations from luxurious to budget-friendly options. Following closely behind are Hilton, IHG, Accor, and Wyndham, rounding out the top five with their impressive portfolios of properties and rooms.
Key Hotel Industry Statistics 2024
Total number of hotel rooms: 18+ million globally
- Projected industry value 2024: $540 billion
- Global hotels counting 10+ rooms: 700,000+
- Hotel rooms in construction pipeline: 3+ million
- Direct hotel employees globally: 25+ million
Here are the biggest hotel chains, offering a glimpse into their diverse range of brands, number of properties, global presence, and key statistics.
Choice International Group Hotels
The business was founded in 1939 as Quality Courts United, the nation’s first hotel chain, as a marketing cooperative. It was also the first to provide in-room phones, guarantee reservations, staff a front desk around the clock, and create an international hotel app.
There are a total of 6,101 locations in the US as of December 19, 2023. It has a total 52 States and Territories and 2383 cities
The state and territory with the most number of Choice International Group Hotels locations in the US is Texas, with 514 locations, which is about 8% of all Choice International Group Hotels locations in the US. This means With around 8% of all Choice International Group Hotels nationwide, there is one site in Texas for every 56,412 people. After Texas, Georgia has 338 locations of Choice International Group Hotels
Here’s a Glimpse Into Its Impressive Statistics:
- Rockville, Maryland, U.S.A.
- Properties: 7,100
- Revenue for 2023: $1.5 billion with raise of 10%
- Locations: 40+ countries
- Brands: 12
- Rooms: 570,000+
- Revenue (2022): $1.4 billion
- Development pipeline: 1,800 hotels
Choice Hotels International is present in 41 nations in North America, South America, Central America, the Caribbean, Europe, and Asia. EconoLodge, Rodeway Inn, Quality Inn, Sleep Inn, Ascend Hotel Collection, and Cambria Hotels are a few of Choice Hotels’ brands.
Wyndham Hotels & Resorts
Recognized as the leading hotel franchisor worldwide, Wyndham boasts a diverse portfolio ranging from economy to upscale brands. With a diverse range of over 20 brands catering to luxury, upscale, midscale, and economy segments, Wyndham offers opportunities suited to the preferences of both travelers and hoteliers, emphasizing scale, distribution, and operational efficiencies.
As of March 5, 2024, there are 6,034 Wyndham Group Hotels and Resorts in the United States. Texas has 695 Wyndham Group Hotels and Resorts, or almost 12% of all Wyndham Group Hotels and Resorts in the US, making it the state and territory with the most locations overall.
Here are the Key Figures:
- Headquarters: Parsippany, New Jersey, U.S.A.
- Annual Revenue (2023): $1.397Billion, a 6.74% decline
- Locations: Present in 95 countries
- Brands: Offering a portfolio of 24 diverse brands
- Rooms: Providing over 810,000 accommodations
- Employees: Supporting a workforce of 13,900
- Revenue (2022): Generating $1.60 billion in revenue
- Loyalty Program: Empowering over 95 million members through the Wyndham Rewards program
- Development Pipeline: Boasting a pipeline of 228,000 rooms for future expansion
Wyndham’s significant presence in the midscale and economy segments across the Americas and Europe solidifies its position as a franchise giant. The 2018 acquisition of La Quinta further enhanced its scale in the U.S. market and positioned premium brands like Trademark for future growth.
The Wyndham Rewards loyalty program, with its vast membership exceeding 95 million, serves as a valuable asset for driving repeat reservations across the entire portfolio.
Flagship brands include: Dolce Hotels & Resorts (Luxury), Wyndham Grand (Upscale), Wingate and La Quinta (Midscale) & Super 8 and Howard Johnson (Economy)
Hilton Worldwide Holdings Inc. Brands
As an iconic multi-brand conglomerate, this group stands out for its exceptional training programs and employee benefits. It offers a diverse portfolio of brands catering to a wide range of traveler preferences, from luxury to focused-service accommodations.
Hilton traces its origins back to 1919 when Conrad Hilton purchased a hotel in Cisco, Texas. Since then, it has grown to encompass 6,200 hotels with 980,000 rooms across 118 countries. Hilton remains a hospitality powerhouse. Its brand portfolio caters to various traveler segments, including luxurious Waldorf Astoria residences, mainstream DoubleTree by Hilton hotels, and budget-friendly Hampton by Hilton accommodations.
As of February 27, 2024, there are 5,872 Hilton Group Hotels & Resorts in the United States. Texas has 583 Hilton Group Hotels & Resorts, or almost 10% of all Hilton Group Hotels & Resorts in the US, making it the state and territory with the most locations overall. Florida is at second with 491 locations and California with 449 of Hilton Group Hotels & Resorts in the United States.
Here’s a Glimpse Into Its Impressive Statistics:
- Headquarters: Tysons Corner, Virginia, U.S.A.
- Annual Revenue (2023): Approx 10.24 billion U.S. dollars
- Brands: Boasting a portfolio of 22 brands
- Rooms: Providing over 1 million accommodations
- Employees: Supporting a workforce of 420,000 individuals
- Loyalty Program: Extended through Hilton Honors
- Development Pipeline: Ambitiously expanding with over 400,000 rooms in the pipeline
Beyond its global scale, Hilton is renowned as one of the industry’s most esteemed employers. It stands out for its robust training programs, commitment to diversity initiatives such as the Open Doors pledge for refugees and flexible offerings like remote work options and sabbaticals.
Marriott International Inc. Brands
Marriott International may not have the highest number of properties, but it leads in annual revenue totaling $21 billion. With a presence in 131 countries compared to Wyndham’s 75, Marriott’s global reach is extensive.
Founded in 1927 by J. Willard and Alice S. Marriott with a humble root beer stand in Washington, D.C., Marriott gradually expanded into the restaurant and hotel business. Today, it boasts 1.4 million rooms across its hotels and resorts, making it the first hotel group to surpass the 1 million room mark after merging with Starwood Hotels and Resorts in 2016. Marriott is a creative leader that has launched the lifestyle brand Moxy and the home-sharing platform Homes & Villas.
As of February 20, 2024, there are 5,834 Marriott Group Hotels & Resorts in the United States. With 614 sites, or almost 11% of all Marriott Group Hotels & Resorts in the US, Texas is the state and territory with the greatest number of Marriott Group Hotels & Resorts. This means that there is one hotel for every 47,225 residents. After Texas, California has 567 locations and Florida with 529 setups.
Here’s a Snapshot of its Impressive Statistics:
- Headquarters: Bethesda, Maryland, U.S.A.
- Annual Revenue (2023): $23.71B with extensive 14.15% growth.
- Brands: A diverse range of 40 brands
- Rooms: Hosting over 1.5 million accommodations
- Employees: Supporting a workforce of 130,000
- Loyalty Program: Offered through Marriott Bonvoy
- Development Pipeline: Ambitiously growing with over 500,000 rooms in the pipeline
Flagship brands include:
- Luxury: Ritz-Carlton, St. Regis, W Hotels
- Premium: JW Marriott, Sheraton, Westin
- Select Service: Courtyard, Aloft, Element
- Extended Stay: Residence Inn, TownePlace Suites
Intercontinental Hotels Group PLC Brands
As a global leader in the hotel industry, this company is known for its robust training programs and inclusive workplace culture across its diverse portfolio. As of January 09, 2024, there are 3,852 IHG Group Hotels & Resorts in the United States. With 489 sites, or almost 13% of all IHG Group Hotels & Resorts in the US, Texas is the state and territory with the greatest number of these establishments. After that, Florida comes with 263 locations and California with 246 locations.
InterContinental Hotels Group, whose origins date back to 1777, has evolved into a global hospitality powerhouse. With 14 brands spanning midscale to luxury segments, IHG operates 880,000 rooms across 100 countries.
Here’s a Snapshot of its Impressive Statistics:
- Headquarters: Denham, England, U.K.
- Locations: Spanning across 100+ countries
- Brands: Offering a portfolio of 17 distinct brands
- Rooms: Providing accommodation exceeding 880,000
- Employees: Supporting a workforce of 325,000
- Annual Revenue (2023): $4,624 million
- Loyalty Program: Empowering customers through the IHG Rewards program
- Development Pipeline: Boasting a pipeline of 268,000 rooms for future expansion
Despite recent divestments of brands like Voco, Kimpton, and Regent, IHG maintains a valuable portfolio of established and upscale brands. Flagship brands such as InterContinental Hotels & Resorts in the luxury segment and Holiday Inn Express in the midscale segment drive consistent profitability thanks to strong guest loyalty. Brands include Holiday Inn, Staybridge Suites, Candlewood Suites, Crowne Plaza Hotels Resorts, Hualuxe Hotels Resorts, Voco, InterContinental Hotels Resorts, Regent Hotels Resorts, and Six Senses Hotels Resorts Spas.
The company’s strategic focus is on growth in emerging markets like China. Additionally, its emphasis on expanding its luxury portfolio hints at potential future acquisitions.
Furthermore, IHG sets itself apart with innovative brand concepts like EVEN Wellness, which caters to evolving consumer preferences by offering a hotel experience centered around wellness and healthy choices.
Best Western Group Hotels & Resorts
Established in 1946 as a referral system among Californian hotels, Best Western was created by M.K. Guertin. Since then, the company has grown around the world, ranking among the biggest hotel chains internationally Best Western Hotels & Resorts is now made up of eighteen hotel brands.
- Headquarters: Phoenix, Arizona.
- Locations: 4,700 worldwide and 2,126 in USA
- Brands: Offering a portfolio of 19 distinct brands
- Annual Revenue (2023): Approx $6.0 billion
It currently has 4,700 hotels with 400,000 rooms spread across 90 countries. The corporation owns hotels under a variety of labels, from budget to premium. Among them are WorldHotels Collection, Aiden by Best Western, BW Premier Collection, SureStay, Best Western, and BW Signature Collection.
As of February 21, 2024, there are 2,126 Best Western Group Hotels & Resorts in the United States. Its headquarter is in Phoenix, Arizona, U.S.A. With 303 locations, roughly 14% of all Best Western Group Hotels & Resorts, California is the state and territory with the greatest number of these establishments in the United States. Texas with 270 locations and Florida with 101 locations of Best Western Group Hotels & Resorts.
Hyatt Hotels Corporation
Despite not having the highest brand value among the world’s leading hotel corporations, Hyatt Hotels Corporation remains highly regarded among its competitors. In 2023, the number of Hyatt Hotels Corporation hotels globally will approach 1,200. According to the American Customer Satisfaction Index (ACSI), guests in the United States rated Hyatt 80 out of 100 in 2023, higher than the industry average of 75.
Established in 1957 with a motel near Los Angeles International Airport, Hyatt Hotels has grown to operate 950 resort and hotel properties across Asia, Europe, Africa, South America, and North America. Hyatt’s diverse brand portfolio caters to upscale and luxury segments, offering all-inclusive options.
Here’s a Glimpse Into Its Impressive Statistics:
- Headquarters: Chicago, Illinois, U.S.A.
- Annual Revenue (2022): 6.67 billion U.S. dollars
- Locations: 4,700 worldwide and 2,126 in USA
- Brands under the Hyatt umbrella include:
Caption, Andaz, Alila, Unbound Collection, Grand Hyatt, Hyatt Regency, Hyatt Place, Hyatt House, Destination Hotels, and Joie de Vivre.
Accor Hotels
As Europe’s leading hospitality group, Accor North America embodies the essence of French hospitality across a diverse range of luxury, lifestyle, and economy hotels.
Accor’s journey began in France in 1967 with a motel-inspired hotel concept, establishing itself as one of Europe’s largest hospitality companies. There are a total of 136 locations in the USA with a wide range of services offered.
Here’s a Snapshot of its Impressive Statistics:
- Headquarters: Issy-les-Moulineaux, Ile-de-France, France
- Annual Revenue (2023): €5.056 million
- Locations: Present in 110 countries
- Brands: Offering a portfolio of 40+ diverse brands
- Rooms: Providing over 777,000 accommodations
- Employees: Supporting a workforce of 240,000
- Revenue (2022): Generating $2.6 billion in revenue
- Loyalty Program: Enhancing guest experiences through Accor Live Limitless
- Development Pipeline: Boasting a pipeline of 300,000 rooms for future expansion
Headquartered in Paris, Accor has significantly expanded its global presence through strategic acquisitions; with 39 brands under its belt, Accor offers a diverse range of accommodations, from economy hotels like BreakFree and hotelF1 to midscale options such as Novotel Hotels and Mercure Hotels and upscale and luxury experiences like Hyde Hotels, Resorts Residencies, Angsana, Mondrian, Banyan Tree Hotels and Resorts, Delano, Fairmont Hotels and Resorts, and Raffles Hotels and Resorts.
In addition to well-established midscale properties like Novotel and Mercure, Accor has cultivated a rapidly growing collection of distinctive lifestyle brands such as SO/, Mondrian, and Hyde. The Accor Live Limitless rewards program further entices guests with unique lifestyle experiences.
Accor strikes a balance between heritage and innovation, leveraging its historic European brands while embracing fresh lifestyle concepts. Collaborations with industry leaders like Huazhu Group in China and co-working space provider Wojo showcase the company’s forward-thinking approach and commitment to shaping the future of hospitality.
Radisson Hotel Group
Emerging as a rapidly expanding hotel powerhouse, the Radisson Hotel Group is solidifying its global presence:
Established in 1962 in Denmark, Radisson Hotel Group swiftly expanded to the Americas. Embracing sustainability as a core principle, Radisson is committed to responsible practices, spanning from eco-conscious construction and renovations to the use of eco-labeled hotel linens.
Here’s a Snapshot of its Impressive Statistics:
- Headquarters: Minnetonka, Minnesota, U.S.A.
- Annual Revenue (2023): $1.8 billion
- Properties: Over 1,700
- Locations: Present in 120 countries
- Brands: Offering a portfolio of 8 distinct brands
- Rooms: Providing accommodation exceeding 100,000
- Development Pipeline: Boasting a pipeline of over 200,000 rooms for future expansion
Presently, the company operates 1,100 hotels across 115 countries and four continents. Its diverse portfolio includes brands like Country Inn Suites, Park Inn by Radisson, art’otel, Park Plaza, Radisson Blu, Radisson RED, and Radisson Collection.
This Brussels-based company is charting a new strategic course, undergoing significant restructuring, including a rebrand from Carlson Rezidor Hotel Group to Radisson. With a keen focus on the US market, the company aims for substantial growth, particularly for its Radisson Hotels and Radisson Blu brands, alongside innovative lifestyle concepts such as Radisson RED.
Conclusion
During the pandemic, the hospitality industry faced tough times, but today it’s bouncing back strong. Big hotel brands are not only making more money, but they’re also expanding their reach by opening lots of new hotels worldwide. Some of the largest hotels have added over a thousand new locations in just the past year, making them even bigger and more widespread. With new hotels popping up everywhere, you might wonder: which hotel chain is the largest in the world?
Behind the curtain, these chains optimize their operations through centralized systems. Functions like reservations, marketing strategies, staff training programs, and procurement processes are managed at a corporate level. This streamlines efficiency and allows individual hotels within the chain to focus on providing exceptional experiences to guests during their stay.
