Top hotel groups worldwide continue to expand and increase their revenue despite the crisis due to the Covid-19 pandemic. In 2021 many popular hotel brands all over the world made significant progress in expanding their availability concerning the number of rooms, by building new hotels or buying smaller properties. Large hotel chains continue the process of further development in 2022.
Some of the hotel chains that belong to the following list were quite in the same position in 2021 but the growth rate of some hotel brands reveals that we will see major changes in the coming years.
Marriott International maintains its position as a world leader with an increase of more than 56.000 rooms (+ 4%). Therefore, the group continues its growth course, maintaining its growth rate which was + 3.1% in 2020 and + 4.8% in 2019. David Marriott, President, U.S. Full Service Managed by Marriott at Marriott International, and Horacio Rozanski, President and Chief Executive Officer at Booz Allen Hamilton Inc. were elected as directors of the company, effective March 15, 2021, according to an announcement from Marriott International’s Board of Directors.
Second, on the list comes the Chinese Jin Jiang International Co., Ltd. The chain is the fastest growing “player” in the world in terms of size, with a net increase of over 100.000 rooms per year (+ 9.9%). It has significantly increased its properties in Asia, while in the West, the Shanghai-based company has added two new long-stay brands. Tulip Residence at Louvre Hotels Group and Radisson Residence at Radisson Hotel Group.
Hilton Worldwide Holdings Inc’s growth rate (+5,5%) compared to 2021 allows the chain to hold 3rd place on the list. The growth rate refers to the number of rooms. The chain added more than 50.000 new rooms in 2022 compared to 2021. The US Hilton Worldwide has expansion plans for Europe. More than 30 new properties are planned to open in the coming years.
Although InterContinental Hotels Group plc removed almost 5.000 rooms from its portfolio (-0,6%) in 2022, the brand managed to retain 4th place on the list. The brand owns 5.991 properties compared to 5.964 properties in 2021.
With positive growth of 1.8% in 2022, Wyndham Hotels & Resorts, Inc retained 5th place globally. In 2022 the brand added more than 14.000 rooms to its portfolio. In 2021, the group strengthened its position in the field of resorts with the all-inclusive Wyndham Alltra but also in the field of luxury accommodation with the Registry Collection Hotels.
The French company, Accor S.A. holds 6th place on the list with 5298 hotels in 2022 compared to 5.139 hotels in 2021. The growth rate between 2021 and 2022 reached +3,2%. It is worth mentioning that 2021 was the year in which the joint venture with Ennismore was completed.
The Chinese brand Huazhu Hotels Group Ltd registered a high growth rate in 2022 (+15,8%) compared to 2021 with 95.000 new rooms. The hotel company holds 7th place on the list pointing out a significant growth compared to the other brands that are included at the list.
The US brand Choice Hotels International, Inc. holds 8th place on the list despite the 3% loss. At BTG Hotels (Group) Co., Ltd, the dynamic growth of the number of rooms continued in 2022 (+ 7.1%). The hotel company holds 9th place on the list. Large losses (-21,4%) registered OYO Hotels & Homes, holding 10th place on the list. The hotel company lost more than 100.000 rooms between the years 2021 and 2022.
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