[Ranking] TOP 25 Luxury Hotels / Hospitality Companies Q3/2023
Intro
The luxury hotels industry plays a vital role in the global economy, providing unparalleled experiences and premium services to affluent travelers. As a sub-industry of the broader hospitality sector, luxury hotels cater to discerning guests who seek the utmost comfort, sophistication, and personalized attention.
With its profound influence, the luxury hotels industry extends its ripple effects across diverse sectors, including tourism, entertainment, and high-end retail. These exquisite establishments contribute to the local economy by attracting affluent visitors, supporting local businesses, and creating job opportunities for the hospitality workforce.
The economic magnitude of the luxury hotels industry is remarkable, with steady growth predicted in the coming years. As disposable incomes rise and travel becomes more accessible, the demand for luxury accommodations continues to soar. This upward trajectory presents immense opportunities for companies operating in this thriving sector.
In recent years, the luxury hotels industry has witnessed significant trends and breakthroughs that are shaping its landscape. From the integration of cutting-edge technology to enhance guest experiences to the increasing focus on sustainability and eco-friendly practices, companies are constantly evolving to meet the changing preferences of their affluent clientele. However, the industry also faces challenges, such as the impact of geopolitical events, economic fluctuations, and the need to maintain exclusivity in an increasingly competitive market.
The luxury hotels industry is characterized by its ever-changing landscape, driven by evolving consumer preferences and emerging trends. From the rise of experiential travel and demand for authentic local experiences to the influence of digital platforms and social media on guest expectations, the industry is at the forefront of innovation and transformation. Understanding the leading companies in this dynamic sector is crucial to navigating the competitive landscape and staying ahead in the world of luxury hospitality.
Ranking
#25 Banyan Tree Holdings Limited
Employees: 5K
Revenue: 500M$
Website: https://www.banyantree.com/
Description: Banyan Tree Holdings Limited, headquartered in Singapore, is a prominent player in the Luxury Hotels industry. Since its establishment in 1994, the company has been dedicated to providing exceptional hospitality experiences. With a workforce of approximately 5,000 employees, Banyan Tree Holdings operates a portfolio of luxurious hotels and resorts in various breathtaking locations around the world. The company's commitment to sustainability is reflected in its eco-friendly practices and initiatives, such as the Greening Communities program and the Banyan Tree Global Foundation. Banyan Tree Holdings has achieved significant success in the industry, generating an impressive revenue of 500 million dollars. With its impeccable service, exquisite accommodations, and dedication to sustainability, Banyan Tree Holdings continues to be a leader in the luxury hospitality sector.
#24 Langham Hospitality Investments Limited
Employees: 1.5K
Revenue: 500M$
Website: https://www.langhamhospitalityinvestments.com/
Description: Langham Hospitality Investments Limited, headquartered in Hong Kong, operates in the luxury hotels industry. Founded in 2013, the company has approximately 1,500 employees. With a revenue of around 500 million dollars, Langham Hospitality Investments Limited is a leading player in the hospitality sector. The company specializes in the development, investment, and management of luxury hotels in various locations across the globe. Their portfolio consists of upscale properties that offer exceptional service, exquisite amenities, and unique experiences to discerning travelers. Langham Hospitality Investments Limited is committed to providing unparalleled luxury hospitality and ensuring memorable stays for their guests.
#23 Oberoi Hotels & Resorts
Employees: 10K
Revenue: 1B$
Website: https://www.oberoihotels.com/
Description: Oberoi Hotels & Resorts is a luxury hotel chain headquartered in New Delhi, India. With a history dating back to 1934, the company has established itself as a prominent player in the hospitality industry. Operating primarily in Asia, Oberoi Hotels & Resorts offers unparalleled luxury accommodations and exceptional service to its guests. The company employs approximately 10,000 people and generates an estimated annual revenue of 1 billion dollars. With its commitment to providing world-class hospitality experiences, Oberoi Hotels & Resorts has earned a reputation for excellence in the industry.
#22 Jumeirah Group
Employees: 10K
Revenue: 1B$
Website: https://www.jumeirah.com
Description: Jumeirah Group is a luxury hotel company headquartered in Dubai, United Arab Emirates. With its strong presence in the hospitality industry, Jumeirah Group operates a portfolio of luxury hotels, resorts, and residences across various destinations. The company was founded in 1997 and has since established itself as a leading player in the luxury hotel segment. Jumeirah Group is known for its impeccable service, luxurious accommodations, and world-class amenities, catering to discerning travelers seeking exceptional experiences. With a workforce of approximately 10,000 employees, Jumeirah Group strives to provide personalized and memorable stays for its guests. The company's revenue stands at around 1 billion dollars, reflecting its success in the luxury hotel industry.
#21 Belmond Ltd.
Employees: 5K
Revenue: 1B$
Website: https://www.belmond.com/
Description: Belmond Ltd. is a luxury hotel company headquartered in London, United Kingdom. Founded in 1976, the company operates in the hospitality industry, specifically in luxury hotels. With a workforce of approximately 5,000 employees, Belmond offers exceptional accommodation and services to travelers seeking luxurious experiences. The company's revenue stands at around 1 billion US dollars. Belmond's portfolio includes a diverse range of iconic and historic hotels located in various destinations across the globe. From enchanting city hotels to breathtaking resorts, Belmond aims to provide guests with unforgettable stays that combine luxury, elegance, and impeccable service.
#20 Choice Hotels International
Employees: 7K
Revenue: 1.1B$
Website: https://www.choicehotels.com/
Description: Choice Hotels International, headquartered in Rockville, United States, is a prominent player in the Luxury Hotels industry. Founded in 1939, the company operates a portfolio of luxury hotels across North America. With a workforce of approximately 7,000 employees, Choice Hotels International strives to provide exceptional hospitality services to its discerning guests. The company's revenue stands at 1.1 billion dollars, reflecting its strong presence and success in the luxury hotel sector. Choice Hotels International continues to expand its luxury hotel offerings, ensuring guests experience unparalleled luxury and comfort during their stay.
#19 The Indian Hotels Company Limited
Employees: 15K
Revenue: 1.2B$
Website: https://www.tajhotels.com
Description: The Indian Hotels Company Limited, headquartered in Mumbai, India, is a prominent player in the luxury hotels industry. Established in 1903, the company operates a diverse portfolio of luxury hotels, resorts, and palaces across the globe. With a workforce of approximately 15,000 employees, they are committed to delivering exceptional hospitality experiences to their discerning guests. The company's flagship brand, Taj Hotels, offers world-class accommodations, fine dining, and personalized services. The Indian Hotels Company Limited has a strong presence in major tourist destinations, including India, the United Kingdom, the United States, the Maldives, and South Africa. With an annual revenue of around 1.2 billion dollars, the company continues to expand its footprint in the luxury hospitality sector and maintain its reputation for excellence.
#18 Rosewood Hotel Group
Employees: 8K
Revenue: 1.2B$
Website: https://www.rosewoodhotels.com/
Description: Rosewood Hotel Group is a prominent player in the luxury hospitality industry. Headquartered in Hong Kong, China, the company operates a collection of luxury hotels worldwide. With a rich history dating back to 1979, Rosewood Hotel Group has established itself as a leading brand known for its exceptional service, exquisite design, and unparalleled guest experiences. The company employs approximately 8,000 dedicated professionals who are committed to delivering the highest standards of hospitality. Rosewood Hotel Group's revenue stands at an impressive 1.2 billion dollars, reflecting its success in the luxury hotel market. With its distinctive properties and commitment to personalized service, Rosewood Hotel Group continues to redefine luxury hospitality and elevate the guest experience across the globe.
#17 Kempinski Hotels S.A.
Employees: 15K
Revenue: 1.2B$
Website: https://www.kempinski.com
Description: Kempinski Hotels S.A. is a luxury hotel operator in the hospitality industry. With its headquarters in Geneva, Switzerland, Kempinski Hotels is renowned for its exquisite properties across Europe. Founded in 1897, the company has a long-standing history of providing exceptional service and luxurious accommodations. With over 15,000 employees, Kempinski Hotels is committed to offering a personalized and unforgettable experience to its guests. The company's revenue stands at 1.2 billion dollars, highlighting its success in the luxury hotel market. With a portfolio of iconic hotels, Kempinski Hotels continues to set the standard for elegance and sophistication in the industry.
#16 Mandarin Oriental International Limited
Employees: 10K
Revenue: 1.5B$
Website: https://www.mandarinoriental.com/
Description: Mandarin Oriental International Limited, headquartered in Hong Kong, is a prominent luxury hotel operator in the hospitality industry. Established in 1963, the company has grown to become a globally recognized brand known for its exceptional service and exquisite accommodations. With a workforce of approximately 10,000 employees, Mandarin Oriental operates luxury hotels and resorts in key destinations around the world. The company's commitment to providing unparalleled guest experiences has resulted in a loyal customer base and numerous prestigious accolades. Mandarin Oriental's revenue stands at 1.5 billion US dollars, reflecting its success in the luxury hospitality market.
#15 Dorchester Collection
Employees: 5K
Revenue: 2B$
Website: https://www.dorchestercollection.com
Description: The Dorchester Collection is a renowned luxury hotel operator in the Hospitality industry. With its headquarters located in London, United Kingdom, the company has been in operation since 1981. Employing approximately 5,000 staff members, the company prides itself on providing exceptional service and unforgettable experiences to its guests. The Dorchester Collection manages a portfolio of prestigious hotels in prime locations across Europe and the United States. Known for their exquisite design, world-class amenities, and impeccable hospitality, these luxury hotels cater to discerning travelers seeking the utmost in comfort and luxury. With an annual revenue of around 2 billion dollars, the Dorchester Collection continues to set the standard for luxury and elegance in the hospitality industry.
#14 InterContinental Hotels Group
Employees: 10K
Revenue: 2.4B$
Website: https://www.ihg.com
Description: InterContinental Hotels Group (IHG) is a leading luxury hotel operator in the hospitality industry. With its headquarters in Denham, United Kingdom, IHG operates globally, providing exceptional accommodation and services to guests. With a history dating back to 1777, IHG has established itself as a prominent player in the luxury hotel segment. The company offers a diverse portfolio of luxury brands, including InterContinental, Kimpton, Regent, and Six Senses, providing guests with unique and unforgettable experiences. With a workforce of approximately 10,000 employees, IHG focuses on delivering outstanding customer service and maintaining high standards of hospitality. In 2020, IHG generated a revenue of 2.4 billion US dollars, showcasing its financial strength and success in the luxury hotel industry.
#13 Meliá Hotels International
Employees: 40K
Revenue: 2.5B$
Website: https://www.melia.com
Description: Meliá Hotels International, headquartered in Palma de Mallorca, Spain, is a leading luxury hotel company in the hospitality industry. Founded in 1956, the company boasts a team of approximately 40,000 employees who are dedicated to providing exceptional service and creating unforgettable experiences for their guests. With a strong presence in Europe, the Americas, and Asia, Meliá Hotels International operates a portfolio of upscale hotels, resorts, and boutique properties that cater to discerning travelers. The company's revenue stands at an impressive 2.5 billion US dollars, reflecting its success and prominence in the luxury hotel segment. Through its commitment to innovation, sustainability, and personalized service, Meliá Hotels International continues to be a preferred choice for luxury travelers seeking unparalleled hospitality and exceptional accommodations.
#12 Wyndham Hotels & Resorts
Employees: 20K
Revenue: 2.5B$
Website: https://www.wyndhamhotels.com
Description: Wyndham Hotels & Resorts is a leading luxury hotel operator in the hospitality industry. Headquartered in Parsippany, United States, the company has been providing exceptional accommodations and services since its establishment in 1981. With a workforce of approximately 20,000 employees, Wyndham Hotels & Resorts ensures that their guests receive top-notch service and an unforgettable experience. The company has achieved substantial revenue growth, generating approximately 2.5 billion US dollars annually. Offering a diverse portfolio of luxury hotels, Wyndham Hotels & Resorts continues to set the standard for excellence in the industry, delighting travelers worldwide with their exceptional hospitality and world-class amenities.
#11 Fairmont Hotels & Resorts
Employees: 10K
Revenue: 2.5B$
Website: https://www.fairmont.com/
Description: Fairmont Hotels & Resorts, headquartered in Toronto, Canada, is a prominent luxury hotel operator in the hospitality industry. With a history dating back to 1907, Fairmont Hotels & Resorts has established itself as a leading brand in providing exceptional and luxurious accommodations. The company operates a portfolio of upscale hotels and resorts worldwide, offering a range of amenities and services to cater to the discerning tastes of their guests. With over 10,000 employees, Fairmont Hotels & Resorts is committed to delivering personalized and memorable experiences to its guests, ensuring that every stay is unforgettable. The company has achieved significant financial success, generating an impressive revenue of 2.5 billion dollars. Through its dedication to excellence and its iconic properties, Fairmont Hotels & Resorts continues to be a prestigious player in the luxury hotel industry.
#10 Shangri-La Asia Limited
Employees: 40K
Revenue: 3.5B$
Website: https://www.shangri-la.com
Description: Shangri-La Asia Limited, headquartered in Kowloon, Hong Kong, is a prominent player in the luxury hotels industry. Founded in 1971, the company operates a portfolio of upscale hotels and resorts across Asia. With a workforce of approximately 40,000 employees, Shangri-La Asia is committed to providing exceptional hospitality experiences to its discerning guests. The company's revenue stands at a staggering 3.5 billion dollars, showcasing its strong presence and success in the luxury hotels market. Shangri-La Asia continues to redefine luxury hospitality with its world-class amenities, impeccable service, and breathtaking locations, making it a top choice for travelers seeking unparalleled experiences in the Asia-Pacific region.
#9 Minor International Public Company Limited
Employees: 25K
Revenue: 4.3B$
Website: https://www.minor.com
Description: Minor International Public Company Limited is a leading player in the luxury hotels industry, operating globally with its headquarters in Bangkok, Thailand. Founded in 1978, the company has grown to become a major force in the hospitality sector, providing exceptional luxury hotel experiences to discerning travelers. With a workforce of 25,000 employees, Minor International is dedicated to delivering unparalleled service and creating memorable moments for its guests. The company's impressive revenue of 4.3 billion USD reflects its strong position in the market. Through their portfolio of renowned brands, including Anantara, Avani, and Tivoli, Minor International continues to redefine luxury hospitality and set new standards in the industry.
#8 Hyatt Hotels Corporation
Employees: 45K
Revenue: 4.5B$
Website: https://www.hyatt.com
Description: Hyatt Hotels Corporation, headquartered in Chicago, United States, is a leading luxury hotel operator in the Hospitality industry. Established in 1957, the company has grown to become a prominent player in the global hotel market. With a workforce of approximately 45,000 employees, Hyatt Hotels Corporation operates a portfolio of upscale hotels and resorts across various locations worldwide. The company is known for its commitment to providing exceptional hospitality experiences and luxurious accommodations to its guests. Hyatt Hotels Corporation generates annual revenue of around 4.5 billion US dollars, solidifying its position as one of the key players in the luxury hotel segment.
#7 Radisson Hotel Group
Employees: 35K
Revenue: 4.8B$
Website: https://www.radissonhotelgroup.com/
Description: The Radisson Hotel Group, headquartered in Brussels, Belgium, is a leading player in the luxury hotels industry. With a rich history dating back to 1938, the company has established itself as a trusted name in hospitality. The group operates a portfolio of luxury hotels across Europe and other continents, offering exceptional services and experiences to discerning travelers. From opulent accommodations to world-class dining and state-of-the-art facilities, Radisson hotels are synonymous with luxury and comfort. The company's commitment to excellence and attention to detail have earned them a loyal customer base and prestigious accolades in the industry. With a workforce of approximately 35,000 employees, Radisson Hotel Group continues to innovate and expand its offerings to cater to the evolving needs of luxury travelers worldwide. With an impressive revenue of 4.8 billion dollars, the company's financial success reflects its position as a key player in the luxury hospitality sector.
#6 Four Seasons Hotels And Resorts
Employees: 30K
Revenue: 5B$
Website: https://www.fourseasons.com/
Description: Four Seasons Hotels and Resorts is a luxury hotel company headquartered in Toronto, Canada. With its roots dating back to 1960, the company has established itself as a prominent player in the hospitality industry. Four Seasons operates a global portfolio of luxury hotels and resorts, providing exceptional service and luxurious accommodations to discerning travelers. The company's dedication to personalized experiences, attention to detail, and commitment to excellence has earned it a reputation as an industry leader. With over 30,000 employees worldwide, Four Seasons continues to deliver exceptional hospitality and generate significant revenue, with an estimated annual revenue of 5 billion dollars.
#5 Accor
Employees: 30K
Revenue: 5.6B$
Website: https://www.accor.com
Description: Accor, headquartered in Paris, France, is a leading luxury hotel operator in the hospitality industry. With a history that dates back to 1967, Accor has established itself as a prominent player in the global market. The company operates a wide range of luxury hotels, offering exceptional services and amenities to discerning travelers. Accor's portfolio includes renowned brands such as Raffles, Fairmont, Sofitel, and Banyan Tree, among others. With over 30,000 employees worldwide, Accor consistently delivers exceptional guest experiences across its extensive network of luxury properties. In 2020, the company reported a revenue of 5.6 billion dollars, further solidifying its position as a key player in the luxury hotel industry.
#4 Jin Jiang International Holdings Co. Ltd
Employees: 35K
Revenue: 6B$
Website: https://www.jinjianghotels.com/
Description: Jin Jiang International Holdings Co. Ltd is a prominent player in the luxury hotels industry in Asia. With its headquarters in Shanghai, China, the company has been in operation since 1995. Employing approximately 35,000 individuals, Jin Jiang International Holdings Co. Ltd has established a strong presence in the hospitality sector. The company's revenue stands at around 6 billion US dollars. With a focus on providing exceptional luxury hotel experiences, Jin Jiang International Holdings Co. Ltd has become a renowned name in the industry, offering superior services and amenities to its guests. With its commitment to excellence, the company continues to expand its portfolio of luxury hotels across Asia, ensuring memorable and luxurious stays for its discerning clientele.
#3 Hilton Worldwide Holdings
Employees: 169K
Revenue: 9.1B$
Website: https://www.hilton.com
Description: Hilton Worldwide Holdings is a leading player in the Luxury Hotels industry, operating in the Hospitality sector. Headquartered in McLean, United States, the company was founded in 1919. With a workforce of approximately 169,000 employees, Hilton is known for its exceptional service and luxurious accommodations. The company generates an impressive annual revenue of 9.1 billion dollars. Hilton Worldwide Holdings owns and manages a portfolio of upscale hotels and resorts across the globe, offering unparalleled hospitality experiences to its guests. With its extensive network, Hilton has established itself as a trusted and iconic brand in the luxury hotel industry.
#2 MGM Resorts International
Employees: 82K
Revenue: 12.9B$
Website: https://www.mgmresorts.com
Description: MGM Resorts International is a leading company in the luxury hotels industry. Headquartered in Las Vegas, United States, the company operates a wide range of luxury hotels and resorts across North America. With a history dating back to 1986, MGM Resorts International has established itself as a prominent player in the hospitality sector. The company employs approximately 82,000 individuals who are dedicated to providing exceptional service and experiences to guests. With a revenue of 12.9 billion dollars, MGM Resorts International continues to drive innovation and excellence in the luxury hotel industry.
#1 Marriott International
Employees: 176K
Revenue: 22B$
Website: https://www.marriott.com/
Description: Marriott International, headquartered in Bethesda, United States, is a leading luxury hotel company operating in the hospitality industry. With a history dating back to 1927, Marriott has established itself as a prominent player in the market. The company boasts a workforce of approximately 176,000 employees globally, dedicated to delivering exceptional service and experiences to its guests. Marriott International generates an impressive annual revenue of around 22 billion dollars, solidifying its position as one of the top players in the luxury hotel sector. With its commitment to quality and innovation, Marriott continues to expand its portfolio of luxury hotels across the world, offering unparalleled hospitality and luxurious accommodations to travelers.
Summary
The analysis of the luxury hotels sub-industry in the hospitality sector reveals the top companies that have achieved remarkable success in this niche.
One surprising finding is the consistent performance of these leading companies despite the challenges faced by the luxury hotel industry, such as economic fluctuations and changing consumer preferences.
Among the premier companies in the luxury hotels sub-industry are Marriott International, Hilton Worldwide Holdings, and Hyatt Hotels Corporation.
These top companies share a common approach of focusing on delivering exceptional customer service and creating unique experiences for their guests.
What sets these eminent companies apart from their industry rivals is their dedication to innovation, constantly striving to create new and luxurious offerings that cater to the evolving needs and desires of their affluent clientele.