The second-largest hotel chain globally, Choice Hotels International, lost $440 million in market capitalization amid the coronavirus crisis. and President Chris Nassetta said his company has no plans to follow Marriott's lead. It later combined home-sharing platforms Travel Keys and Squarebreak into its Onefinestay.

which hotel would best suit me and my man? The group is also making considerable investment in its existing brands. While the hotel chain was established on April 15th, 2003, the original InterContinental Hotel has its origins traced back to 1777. Please support this website by adding us to your whitelist in your ad blocker. Another top luxury hotel chain is Hilton Worldwide. The first international OYO Home hotel opened in Dubai in 2018. However, statistics indicate that Marriot International, the third-largest hotel chain with 5,974 hotels in more than 110 countries, witnessed the most significant drop in market capitalization since the beginning of the year. Although the company’s market cap recovered to $33.86bn in September, this figure still represents a 31% plunge since the beginning of 2020.

Vice President Communications - Asia Pacific, Interesting to see these groups' 2008 development activity when we are already in January 2010. Which Country Has The Most Lakes In The World? I’m a deputy editor covering all things Wall Street and Investing. Marriott came in at #411 thanks in part to increased profits. Recording a global room supply growth of 4.5%, American franchiser Choice Hotels has not moved from its position in the ranking. I’m a deputy editor covering all things Wall Street and Investing. The brand will debut with the openings of the Signia Hilton Orlando Bonnet Creek, Signia Hilton Atlanta and Signia Hilton Indianapolis. With a focus on midscale to upscale customer bases, this hotel chain strives to offer the best service and accommodations. Statistics show two hotel groups lost $8.3bn in combined market capitalization amid the coronavirus crisis. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The company, whose brands include Raffles, Fairmont Hotels and Sofitel, has continued its growth and acquisition spree making it the largest hotel operator in Europe. Our vision is simple - think globally, act locally. Top 10 Highest Statues in the World (2019), Top 10 Tallest Proposed Structures (that were never build), Top 10 Tallest Buildings in New York (2018). home-sharing initiative last month. After falling to $6.2bn in March, it rose to $9.7bn in September, a 21% plunge amid the coronavirus crisis. This is a listing of some of the major hotel brands worldwide. The chain was established in 1946 and has continued to grow and expand over the years. [1] [2] The hotel groups may directly own the hotels, or operate them through a franchise or management agreement . This US hotel chain has a 7.7% increase in its rooms supply. It is the largest hotel group in China and is owned by the state, with more than 380 hotels across China and many more across the world.

The company was founded in 1967 by two French entrepreneurs, Paul Dubrule and Gerard Pelisson, as Societe d’Investissement et d’Exploitation Hoteliers and opened its first hotel in Lille, France. Currently, AccorHotels are among the largest luxury hotel chains in the world and boasts of being in 4,200 locations around the globe and about 240,000 employees. Numerous hotels of various types and quality offer their services all around the world. Hotels are found in all countries in the world, but only a select few of them can be classified as luxury hotels which have world-class amenities. InterContinental Hotels Group is a UK company with headquarters in Buckinghamshire. The twin towers of the JW Marriott Marquis Hotel Dubai, the second tallest hotel in the world, in... [+] Business Bay, Dubai, UAE. Although the second and third quarter of 2020 brought a recovery, the combined value of stocks of the U.S. corporation, which owns 8,092 hotels, stood at over $5bn in September, an $870 million plunge since the beginning of the year. Marriott International launched its Homes & Villas by Marriott International home-sharing initiative last month. Astoundingly, the company was founded by 19-year-old Ritesh Agarwal to offer budget accommodation options and make it easier to find budget lodgings. With that in mind, let's take a look at the five biggest hotel chains in the world, starting at the top.