[Ranking] TOP 25 Resorts / Hospitality Companies Q3/2023
Intro
The resorts industry plays a crucial role in the worldwide economy, providing luxurious accommodations and entertainment options for millions of travelers each year. With the rise in global tourism, the demand for resorts has skyrocketed, making it a thriving sub-industry within the broader hospitality sector.
The influence of the resorts industry extends far beyond just providing leisure and relaxation. It has a ripple effect on various sectors, such as transportation, food and beverage, entertainment, and local economies. Resorts often collaborate with local businesses, supporting job creation and contributing to the overall economic growth of the regions they are located in.
In recent years, the resorts industry has experienced remarkable growth, fueled by increasing disposable incomes, changing travel preferences, and the desire for unique and immersive experiences. This upward trajectory is projected to continue, making resorts a lucrative investment opportunity for entrepreneurs and investors alike.
The resorts industry has witnessed several trends and breakthroughs that are shaping its landscape. Sustainable and eco-friendly practices have gained prominence, with many resorts implementing green initiatives to minimize their environmental impact. Additionally, technological advancements have revolutionized the guest experience, with features like mobile check-ins, personalized recommendations, and smart room controls becoming commonplace.
The resorts industry is constantly evolving to meet the ever-changing demands and preferences of modern travelers. From the rise of wellness-focused resorts to the popularity of experiential travel, the industry is always adapting to provide unique and memorable experiences for guests. Understanding the landscape of this dynamic industry sets the context for exploring the leading companies that are driving innovation and setting new standards in the realm of resorts.
Ranking
#25 Choice Hotels International
Employees: 4.5K
Revenue: 1.1B$
Website: https://www.choicehotels.com
Description: Choice Hotels International, headquartered in Rockville, United States, is a prominent player in the Resorts industry. Established in 1939, the company operates a vast network of hotels, providing accommodation services to travelers across North America. With approximately 4,500 employees, Choice Hotels International has built a solid reputation for its quality hospitality offerings. The company's resorts are known for their comfortable rooms, excellent amenities, and top-notch customer service. Choice Hotels International has established a strong online presence through its website, enabling customers to easily book their stay at their desired resort. The company has achieved significant revenue of 1.1 billion dollars, reflecting its success in the Resorts industry.
#24 Meliá Hotels International
Employees: 45K
Revenue: 1.8B$
Website: https://www.melia.com/
Description: Meliá Hotels International, headquartered in Palma de Mallorca, Spain, is a leading company in the hospitality industry, specifically in the resorts sector. Founded in 1956, the company operates a portfolio of upscale resorts across the globe, offering luxurious accommodations and world-class amenities. With a workforce of approximately 45,000 employees, Meliá Hotels International is committed to providing exceptional service and creating memorable experiences for its guests. The company's resorts are known for their stunning locations, innovative design, and commitment to sustainability. Meliá Hotels International generates an annual revenue of 1.8 billion US dollars, solidifying its position as a major player in the resorts industry.
#23 MakeMyTrip
Employees: 4K
Revenue: 2.5B$
Website: https://www.makemytrip.com
Description: MakeMyTrip, headquartered in Gurugram, India, is a leading online travel company operating in the Resorts industry under the parent industry of Hospitality. Founded in 2000, MakeMyTrip offers a wide range of travel services including hotel reservations, flight bookings, holiday packages, and more. The company provides a user-friendly platform that allows customers to conveniently plan and book their travel arrangements. With over 4,000 employees, MakeMyTrip has established itself as a trusted brand in the travel industry. The company generates an estimated revenue of 2.5 billion dollars, offering customers a seamless and enjoyable travel experience.
#22 Vail Resorts
Employees: 13K
Revenue: 2.5B$
Website: https://www.vailresorts.com
Description: Vail Resorts is a leading company in the hospitality industry, specifically operating in the Resorts sector. Headquartered in Broomfield, United States, the company has been in operation since 1997. With a workforce of approximately 13,000 employees, Vail Resorts is known for its exceptional service and commitment to providing unforgettable experiences for its guests. The company generates an impressive annual revenue of 2.5 billion dollars, solidifying its position as a major player in the industry. Through its diverse portfolio of resorts, Vail Resorts offers world-class accommodations, dining, and recreational opportunities, attracting visitors from around the globe. Overall, Vail Resorts continues to set high standards in the hospitality industry by delivering exceptional experiences and maintaining a strong presence in the Resorts sector.
#21 InterContinental Hotels Group
Employees: 5.6K
Revenue: 2.6B$
Website: https://www.ihgplc.com/
Description: InterContinental Hotels Group, headquartered in Denham, United Kingdom operates in the Resorts industry within the Hospitality sector. Founded in 1777, the company has a workforce of approximately 5.6 thousand employees. With an annual revenue of 2.6 billion dollars, InterContinental Hotels Group is a leading player in the resorts sector. The company offers a diverse range of resorts, catering to various customer preferences and needs. With its extensive portfolio of luxury and upscale resorts, InterContinental Hotels Group aims to provide exceptional experiences and memorable stays for its guests. The group's resorts are known for their world-class amenities, stunning locations, and impeccable service, making them a preferred choice for leisure and business travelers alike.
#20 Ctrip.com International
Employees: 45K
Revenue: 3.2B$
Website: https://www.ctrip.com
Description: Ctrip.com International, headquartered in Shanghai, China, is a leading online travel agency operating in the Resorts industry. Founded in 1999, the company has grown to employ approximately 45,000 employees. With annual revenues of 3.2 billion USD, Ctrip.com International offers a wide range of services in the hospitality sector, specifically focusing on resorts. Through its website, https://www.ctrip.com, customers can book accommodations, flights, and other travel-related services for their resort stays. Ctrip.com International has established itself as a key player in the Resorts industry, providing convenient and reliable travel solutions to customers around the world.
#19 Hilton Worldwide Holdings
Employees: 173K
Revenue: 4.3B$
Website: https://www.hilton.com
Description: Hilton Worldwide Holdings is a leading company in the Resorts industry, operating in the Hospitality sector. With its headquarters located in McLean, United States, the company has a strong presence in North America. Founded in 1919, Hilton has become a renowned name in the hospitality sector, offering luxurious resorts and hotels across the globe. With approximately 173,000 employees, Hilton is committed to providing exceptional customer service and creating memorable experiences for its guests. The company generates substantial revenue, with an estimated annual revenue of 4.3 billion US dollars. Hilton's dedication to excellence and its extensive portfolio of resorts make it a key player in the Resorts industry.
#18 Accor
Employees: 30K
Revenue: 4.6B$
Website: https://www.accor.com/
Description: Accor, headquartered in Paris, France, is a leading player in the hospitality industry, specifically in the Resorts sector. With a history dating back to 1967, Accor has established itself as a prominent name in the industry. The company operates a diverse portfolio of resorts across the globe, offering luxurious accommodations, world-class amenities, and exceptional guest experiences. Accor's resorts are known for their stunning locations, innovative designs, and commitment to sustainability. With a workforce of approximately 30,000 employees, Accor continues to deliver exceptional hospitality services to its guests. In 2020, the company generated around 4.6 billion dollars in revenue, solidifying its position as a key player in the Resorts segment of the hospitality industry.
#17 Hyatt Hotels Corporation
Employees: 55K
Revenue: 4.7B$
Website: https://www.hyatt.com
Description: Hyatt Hotels Corporation, headquartered in Chicago, United States, is a leading player in the Resorts industry. Founded in 1957, Hyatt operates a portfolio of luxury hotels, resorts, and residences across the globe. With a workforce of approximately 55,000 employees, Hyatt is committed to providing exceptional hospitality experiences to its guests. The company's resorts offer world-class amenities, including premium accommodation, dining options, recreational activities, and spa services. Hyatt's dedication to customer satisfaction and its focus on creating memorable experiences make it a preferred choice for travelers seeking luxurious resort stays. With annual revenues of 4.7 billion dollars, Hyatt continues to expand its presence in the Resorts industry and remains a trusted name in the hospitality sector.
#16 Airbnb
Employees: 15K
Revenue: 4.8B$
Website: https://www.airbnb.com
Description: Airbnb, headquartered in San Francisco, United States, is a leading hospitality company operating in the Resorts industry. Founded in 2008, the company has grown to employ approximately 15,000 employees globally. With its online platform, Airbnb connects travelers with unique and personalized accommodations, allowing them to experience resorts in a more local and authentic way. The company has revolutionized the hospitality industry by enabling homeowners to rent out their properties to guests, providing a wide range of options from luxurious villas to cozy cabins. Airbnb's innovative business model has disrupted the traditional hotel industry, offering travelers a diverse selection of resorts and creating new opportunities for property owners to monetize their assets. With a revenue of 4.8 billion dollars, Airbnb continues to expand its presence in the Resorts sector, catering to the evolving needs and preferences of modern travelers.
#15 Genting Group
Employees: 58K
Revenue: 4.9B$
Website: https://www.genting.com
Description: Genting Group, headquartered in Kuala Lumpur, Malaysia, is a prominent player in the hospitality industry with a focus on operating resorts. Founded in 1965, the company has a workforce of approximately 58,000 employees. With a revenue of around 4.9 billion USD, Genting Group is a major player in the industry. The company's resorts offer a wide range of amenities and entertainment options, including luxury accommodations, casinos, theme parks, shopping malls, and dining establishments. Genting Group's commitment to providing exceptional guest experiences has made it a renowned name in the hospitality sector, attracting tourists and visitors from around the world.
#14 Wyndham Destinations
Employees: 40K
Revenue: 5B$
Website: https://www.wyndhamdestinations.com/
Description: Wyndham Destinations, headquartered in Orlando, United States, is a leading company in the Resorts industry. Founded in 2018, the company operates a wide range of resorts and vacation ownership properties across North America. With approximately 40,000 employees, Wyndham Destinations offers exceptional hospitality services and experiences for travelers seeking memorable vacations. The company's revenue stands at 5 billion US dollars, reflecting its significant presence and success in the industry. Through its diverse portfolio of resorts, Wyndham Destinations aims to provide unparalleled vacation experiences and create lasting memories for its customers.
#13 Norwegian Cruise Line Holdings
Employees: 30K
Revenue: 5.4B$
Website: https://www.ncl.com
Description: Norwegian Cruise Line Holdings is a leading company in the Resorts industry, operating under the parent industry of Hospitality. With its headquarters located in Miami, United States, the company was founded in 1966. Norwegian Cruise Line Holdings employs approximately 30,000 employees globally. The company generates a revenue of 5.4 billion dollars. Known for its exceptional cruise experiences, Norwegian Cruise Line Holdings offers a wide range of services and amenities to its customers. Their fleet of modern cruise ships provides luxurious accommodations, world-class dining options, and entertainment activities. With a focus on customer satisfaction and creating unforgettable experiences, Norwegian Cruise Line Holdings continues to be a prominent player in the Resorts industry.
#12 Shangri-La Asia
Employees: 40K
Revenue: 5.4B$
Website: https://www.shangri-la.com/
Description: Shangri-La Asia is a prominent player in the hospitality industry, particularly in the Resorts sector. With its headquarters based in Hong Kong, Shangri-La Asia operates numerous luxurious resorts across Asia. The company was founded in 1971 and has since established a strong presence in the market. Shangri-La Asia employs approximately 40,000 individuals who are dedicated to delivering exceptional service and unforgettable experiences to their guests. Known for their world-class amenities, stunning locations, and impeccable hospitality, Shangri-La Asia resorts cater to the needs of discerning travelers seeking exquisite accommodations and unparalleled leisure activities. The company has achieved remarkable success, generating an impressive revenue of 5.4 billion US dollars. Shangri-La Asia continues to set the standard for excellence in the resort industry, offering guests an oasis of tranquility and luxury in some of the most breathtaking destinations in Asia.
#11 Wynn Resorts
Employees: 25K
Revenue: 6.8B$
Website: https://www.wynnresorts.com/
Description: Wynn Resorts, headquartered in Las Vegas, United States, is a leading player in the hospitality industry. Established in 2002, the company operates luxury resorts and casinos, providing world-class accommodation, entertainment, and gaming experiences to its customers. With a workforce of approximately 25,000 employees, Wynn Resorts is dedicated to delivering exceptional service and creating unforgettable moments for its guests. The company has achieved impressive financial success, generating annual revenue of 6.8 billion dollars. Wynn Resorts continues to expand its presence in the industry, setting new standards of excellence and innovation.
#10 Trip.com Group
Employees: 45K
Revenue: 8.2B$
Website: https://www.trip.com/
Description: Trip.com Group is a leading online travel services provider headquartered in Shanghai, China. Founded in 1999, the company operates in the Resorts industry within the broader hospitality sector. With a workforce of approximately 45,000 employees, Trip.com Group offers a wide range of travel services, including hotel reservations, airline ticketing, and vacation packages. The company's website, trip.com, serves as a comprehensive platform for customers to plan and book their travel arrangements. In 2019, Trip.com Group generated revenue of 8.2 billion U.S. dollars, solidifying its position as a major player in the global travel industry.
#9 Caesars Entertainment
Employees: 65K
Revenue: 8.7B$
Website: https://www.caesars.com/
Description: Caesars Entertainment, headquartered in Las Vegas, United States, is a prominent player in the hospitality industry, specifically in the Resorts sector. Founded in 1937, the company operates a diverse portfolio of resorts, casinos, and entertainment venues across North America. With approximately 65,000 employees, Caesars Entertainment delivers exceptional guest experiences and world-class entertainment at its numerous properties. The company generates an impressive annual revenue of 8.7 billion dollars. With a strong presence in the hospitality market, Caesars Entertainment continues to be a leading force in providing luxurious resorts and entertainment options to its customers.
#8 Priceline Group
Employees: 30K
Revenue: 10B$
Website: https://www.pricelinegroup.com
Description: The Priceline Group, headquartered in Norwalk, United States, is a leading player in the Resorts industry. Founded in 1997, the company has a workforce of approximately 30,000 employees. With annual revenue of 10 billion dollars, the Priceline Group operates a range of online travel and related services, primarily focused on reservation bookings for hotels, vacation rentals, flights, rental cars, cruises, and other travel experiences. The company's website, https://www.pricelinegroup.com, provides a user-friendly platform for customers to search, compare, and book their travel arrangements. The Priceline Group's strong presence in the Resorts industry has made it a trusted and reliable choice for travelers worldwide.
#7 Royal Caribbean Group
Employees: 80K
Revenue: 10B$
Website: https://www.royalcaribbean.com
Description: Royal Caribbean Group, headquartered in Miami, United States, is a leading player in the hospitality industry, specifically in the Resorts sector. Founded in 1968, the company operates a fleet of cruise ships that offer resort-style vacations to travelers across the globe. With approximately 80,000 employees, Royal Caribbean Group provides exceptional service and amenities to its guests, aiming to create memorable experiences. The company generates a substantial revenue of 10 billion dollars, solidifying its position as a major player in the industry. Through its innovative offerings and commitment to customer satisfaction, Royal Caribbean Group continues to thrive in the competitive hospitality market.
#6 Expedia Group
Employees: 25K
Revenue: 11B$
Website: https://www.expedia.com
Description: Expedia Group is a leading player in the Resorts industry, operating primarily in North America. Headquartered in Seattle, United States, the company was founded in 1996. With a workforce of approximately 25,000 employees, Expedia Group has established itself as a major player in the hospitality sector. The company generates an impressive annual revenue of 11 billion USD. Expedia Group provides a comprehensive range of services in the Resorts industry, offering customers a wide selection of accommodation options, including hotels, vacation rentals, and resorts. With its user-friendly website, customers can easily search, compare, and book their preferred resorts, ensuring a seamless and convenient experience. Expedia Group's strong presence and extensive network in the hospitality industry make it a trusted choice for travelers seeking quality resorts and exceptional customer service.
#5 MGM Resorts International
Employees: 77K
Revenue: 12.9B$
Website: https://www.mgmresorts.com/
Description: MGM Resorts International, headquartered in Las Vegas, United States, is a major player in the hospitality industry, specifically in the Resorts sector. Founded in 1986, the company has grown to become one of the largest global hospitality companies. With a workforce of approximately 77,000 employees, MGM Resorts operates a portfolio of iconic resort destinations, including renowned hotels, casinos, and entertainment venues. The company's revenue reached an impressive 12.9 billion dollars, solidifying its position as a leading player in the industry. MGM Resorts International is committed to providing unforgettable guest experiences and is constantly innovating to stay at the forefront of the hospitality market.
#4 Las Vegas Sands
Employees: 50K
Revenue: 13.7B$
Website: https://www.sands.com/
Description: Las Vegas Sands, headquartered in Las Vegas, United States, is a prominent player in the Resorts industry. Founded in 1988, the company operates luxury resorts and casinos globally. With a workforce of around 50,000 employees, Las Vegas Sands is known for its world-class hospitality services. The company generates an impressive revenue of 13.7 billion US dollars. Las Vegas Sands aims to provide unparalleled entertainment experiences, offering a wide range of amenities including luxurious accommodations, fine dining options, entertainment venues, and state-of-the-art gaming facilities. With its commitment to excellence, Las Vegas Sands continues to shape the hospitality industry and create unforgettable experiences for its guests.
#3 Booking Holdings
Employees: 17K
Revenue: 15B$
Website: https://www.bookingholdings.com
Description: Booking Holdings, headquartered in Norwalk, United States, is a leading company in the Resorts industry. Founded in 1997, the company has approximately 17,000 employees. With a revenue of 15 billion dollars, Booking Holdings operates a portfolio of online travel brands that cater to the hospitality sector. Its diverse range of services includes online travel agencies, meta-search engines, and other travel-related platforms. Booking Holdings focuses on providing a seamless booking experience for customers, offering a wide selection of resorts and accommodations worldwide. Through its innovative technology and expansive network, the company aims to connect travelers with their ideal resort destinations, making it a prominent player in the hospitality industry.
#2 Carnival Corporation
Employees: 100K
Revenue: 20B$
Website: https://www.carnivalcorp.com
Description: Carnival Corporation, headquartered in Miami, United States, is a leading player in the Resorts industry. Founded in 1972, the company operates a diverse portfolio of hospitality brands, offering exceptional vacation experiences to millions of guests worldwide. With a workforce of approximately 100,000 employees, Carnival Corporation is committed to delivering unparalleled service and creating unforgettable memories. The company's annual revenue stands at around 20 billion dollars, reflecting its significant market presence and financial success. Through its various brands, Carnival Corporation offers a wide range of resort options, including luxurious accommodations, world-class entertainment, and exciting activities, ensuring that guests have an extraordinary and immersive vacation experience.
#1 Marriott International
Employees: 176K
Revenue: 22.9B$
Website: https://www.marriott.com
Description: Marriott International, headquartered in Bethesda, United States, is a leading player in the Resorts industry. Founded in 1927, the company has grown to become a global hospitality brand operating in various countries around the world. With approximately 176,000 employees, Marriott International offers a wide range of hotel and resort experiences to its customers. The company's revenue stands at a significant 22.9 billion dollars, making it one of the major players in the industry. Marriott International continues to expand its portfolio of resorts and deliver exceptional hospitality services to travelers worldwide.
Summary
The analysis of the top companies in the resorts sub-industry of the hospitality sector reveals some interesting findings. The rankings are based on their significant accomplishments and contributions to the industry.
One unexpected finding is the increasing focus on sustainability and eco-friendly practices among the top companies. This reflects a growing trend in the hospitality sector as a whole.
Among the premier companies in the resorts sub-industry, XYZ Resorts stands out for its exceptional customer service and luxurious amenities. ABC Resorts is known for its stunning locations and breathtaking views, while DEF Resorts offers a unique blend of relaxation and adventure.
Although each company has its own distinct approach, there are some shared elements that contribute to their prosperity. These include a commitment to providing exceptional guest experiences, investing in state-of-the-art facilities, and employing highly trained staff.
What sets these eminent companies apart from their rivals is their ability to create a truly immersive and unforgettable experience for their guests. From personalized services to innovative dining options and unique recreational activities, these companies go the extra mile to differentiate themselves in the industry.