who owns the biggest hotels

When it comes to the hospitality industry, there are a few names that stand out as the biggest players in the game. These hotel giants have made a name for themselves by owning some of the largest and most luxurious properties around the world. In this article, we’ll be taking a closer look at who owns the biggest hotels and the impact they have on the global travel industry.

Marriott International

One of the most well-known names in the hotel industry, Marriott International is a major player in the global hospitality market. With over 7,000 properties in its portfolio, including iconic brands such as The Ritz-Carlton and JW Marriott, Marriott International is the largest hotel chain in the world by number of rooms. The company is publicly traded on the NASDAQ and is owned by its shareholders.

Hilton Worldwide Holdings Inc.

Hilton Worldwide Holdings Inc. is another heavyweight in the hotel industry, with over 6,000 properties and more than 971,000 rooms worldwide. The company’s portfolio includes well-known brands such as Waldorf Astoria and Conrad Hotels & Resorts. Hilton is also publicly traded on the New York Stock Exchange and is owned by its shareholders.

InterContinental Hotels Group

InterContinental Hotels Group (IHG) is a British multinational hospitality company with over 5,900 properties across nearly 100 countries. IHG’s brand portfolio includes popular names like Holiday Inn and Crowne Plaza. The company is publicly traded on the London Stock Exchange and is owned by its shareholders.

Conclusion

In conclusion, the world’s largest hotels are owned by major players in the hotel industry, including Marriott International, Hilton Worldwide Holdings Inc., and InterContinental Hotels Group. These companies are publicly traded and owned by their shareholders, playing a significant role in shaping the global hospitality market.

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FAQs

1. Who owns the largest hotel in the world?

The largest hotel in the world, by number of rooms, is the First World Hotel in Malaysia, which is owned and operated by Genting Group.

2. Are there any privately owned large hotels?

While many of the largest hotel chains are publicly traded, there are some privately owned large hotels, such as The Venetian and The Palazzo in Las Vegas, which are owned by Las Vegas Sands Corporation.

3. How do hotel chains make money?

Hotel chains make money through a combination of room bookings, food and beverage sales, and other services such as event hosting and spa treatments.

4. What are some other large hotel chains?

Other major hotel chains include AccorHotels, Wyndham Hotels & Resorts, and Choice Hotels International, each with thousands of properties worldwide.

5. What impact do large hotel chains have on the travel industry?

Large hotel chains have a significant impact on the travel industry, influencing trends, setting standards, and shaping the overall experience for travelers around the world.