Keeping the core objective of meeting travelers’ primary necessities like providing food and accommodation unchanged, in the current era, the landscape of the hospitality industry is constantly on the move. The reasons behind this are the impact of technological interruption, change in leisure patterns, and the newborn market players.
The hospitality industry is striving towards arranging for a home away from home by reaching the optimum level of customer satisfaction. Highly competitive, this hospitality industry is made up of four distinct sectors that are interconnected and reliant on each other. Those are lodging, food & beverages, travel & tourism, and recreation. Major hotel chains across continents are efficiently managing these four sectors and attracting guests from all over the world.
These hotel chains are gaining popularity by keeping up with all kinds of modern-day consumer requirements. For example, customers can book hotels online directly by visiting a reputed hotel booking website. The website presents all the relevant information and user-friendly UI to make online hotel booking a remarkable experience.
Top 6 Hotel Chains In The World
Now, here let us see the top 6 hotel chains in the world-
Marriott International Inc.
American multinational company, Marriott International Inc. operates, franchises, and provides licenses to residential, commercial lodging, and timeshare properties. The headquarter of this organization is located in Washington D.C. The company was formed in 1993. What began as an A&W beer stand to quench people’s thirst later evolved into restaurants. Their motto from the beginning was to provide good food and service at a fair price. Gradually it grew, pioneering the extended-stay business and launching unique brands.
Now, Marriott International Inc. owns 30 brands with 7,642 properties spread across 131 countries and territories. The Luxury Collection of Marriott International is renowned as the “soft brand” hotel chain. Some of the notable hotels that run under this company are Hotel Imperial, Marriott Hotels and Resorts, Palace Hotel of San Francisco, Hotel Alfonso XII, Phoenician Resort, and so on. Currently, The annual revenue of Marriott International Inc is $14.5 billion. The Sheraton Brand and the Marriott Hotels are the main revenue generator in the company’s portfolio.
The hotel chains of Marriott International Inc. are famous for their remarkable hospitality and luxury. The brand also addresses various social issues like eradication of poverty, environmental sustainability, and community development.
Hilton Worldwide Holdings Inc.
The Hilton Worldwide Holding Inc. is a flagship brand of an American multinational hospitality company founded by Conrad Hilton in 1919. He bought a 40 room Mobley Hotel in Texas. Later he expanded it throughout Texas, El Paso, Waco. It became the first international hotel chain when The Caribe Hilton Hotel in Puerto Rico was opened.
The corporation now manages and franchises an eclectic portfolio of hotels and resorts. The headquarters of Hilton Worldwide Holdings Inc is located in Virginia. Their portfolio includes 6,215 properties across 118 countries. Some of the popular brands of this corporation are Astoria, Hilton, and DoubleTree. Hilton properties are the perfect choice for business travelers as most of the property locations are situated in megacities, near airports, and convention centers. The Hilton hotels emphasize luxury and all kinds of modern amenities which makes these chains of hotels quite appealing for the customers. Their annual revenue is around $11 billion. The corporation has been ranked by Forbes magazine as the 36th largest privately held company in the U.S. Currently, the hotel chain is focused on expanding in places like Serbia, Estonia, Bangladesh, and Burma.
French multinational company Accor owns and franchises hotels and vacation properties. In Europe, it is the largest hospitality company. Accor was founded in Paris, 1963. Two friends, Paul Dubrule and Gerard Pellisson with their creativity and boldness pushed the boundaries and made a new hotel business model. They opened a Novotel in France at a time when nobody believed that it might work.
Currently, Accor holds 3,700 properties that include economy lodges as well as 5-star properties across 110 countries. Accor believes in innovator’s approach to growing its portfolio. The company is planning on becoming a minority stakeholder in AirFrance-KLM. The company’s annual revenue is over $6 billion. Novotel, All Seasons, Sofitel, ibis, Raffles, Banyan Tree, Motel 6 are some of the popularly known properties of Accor. The Accor chain of hotels takes a holistic approach towards wellness which leads to positive hospitality. The hotels provide “Augmented Hospitality” which is a refined vision of hospitality that has tailor-made services. From organizing upscale events to offering digital solutions, Accor does it all.
Hyatt Hotel Corporation
Popularly known as Hyatt Hotels & Resorts, Hyatt Hotel Corporation is an American multinational company founded in 1957. The company headquarters is situated in Chicago, Illinois, United States. In the beginning, the founder, Jay Pritzker bought Hyatt House motel near the vicinity of Los Angeles International Airport, from then on the Pritzker family grew the company into a North American management and hotel ownership company.
Now, Hyatt Hotel Corporation franchises and manages luxury hotels and resorts worldwide. They have over 1000 properties across 60 countries with 20 brands. The annual revenue of Hyatt Hotel Corporation is over $5 billion. The company has a social responsibility platform where they build strong communities by fostering sustainable practices. Caption, Alila, Thompson Hotels, Park Hyatt, Grand Hyatt are some of the best brands of Hyatt Hotel Corporation. No matter what is the objective of your travel, business or vacation, Hyatt hotels will assist you in every way from offering a luxury stay to discovering the landmarks of your destination and cultural celebrations.
InterContinental Hotels Group or IHG plc is a British multinational hospitality company. In 1777 William Bass opened a local brewery in the UK, then in 1985, the red triangle logo of the company was registered as the first-ever trademark in the United Kingdom. From here Bass started his journey to become one of the best hospitality players in the world. The headquarters of this public limited company is located in Buckinghamshire, England. The company is listed on the London Stock Exchange and constituent of the FTSE 100 Index.
Currently, the company owns 5,964 hotels across 100 countries. Six Senses Hotel Resorts Spas, Regent Hotels, and Resorts, Holiday Inn Express, Atwell Suites are some of the popularly known brands of IHG. The annual revenue of this public limited company is around $3 billion. The Crowne Plaza Liverpool John Lennon Airport is notable for its art decoration and is considered as a heritage building and now it is adapted as a hotel. From luxury & lifestyle collections of hotels to premium stays IHG offers a wide range of choices to its customers.
Wyndham Hotels & Resorts
It is a hotel company that is based in New Jersey, United States. Wyndham Hotels and Resorts is one of the largest hotel franchises in the world. It has hotels in 9,280 locations worldwide with 20 brands. Among them, Howard Johnson, La Quinta, Travelodge, Wyndham, and Super 8 are worth mentioning. It was founded in 1981 in Texas. The company started as a Hospitality Franchise System in the 90s and acquired brands like Super 8, Ramada, and Days Inn. Then, it merged with CUC International and formed Cendant Corporation. The Wyndham Hotels & Resorts company was formed very recently in 2018 as a spin-off from Wyndham Worldwide.
The purpose of Wyndham hotels is to provide friendly service, upgraded amenities to regular travelers. From mega-cities to small towns, Wyndham hotels can be found anywhere. Their annual revenue is around $2 billion.
Apparently, all these hotel chains began their journey small and then gradually grew into big enterprises with the common objective of providing only the best to the travelers. Their constant urge to move forward by staying up to date and meeting all kinds of customer requirements have made them successful.