The hospitality sector is booming, with global hotel revenues projected to surpass $443 billion by 2025, steadily rising towards $511.91 billion by 2029. As industry giants expand their portfolios, luxury experiences, and online sales are playing an ever-bigger role in driving revenue. But which companies are leading the pack? Here’s a look at the highest-earning hospitality brands, whose influence is shaping the future of global tourism in 2024.
1. Marriott International: Dominating Luxury At Scale
Revenue: $24.76 billion
Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram
Marriott continues to redefine luxury with a robust collection of eight prestigious brands, including Ritz-Carlton, St. Regis, JW Marriott, and W Hotels. With more than 530 iconic properties across over 70 countries, Marriott provides unparalleled experiences for the discerning traveler. The brand’s unique blend of opulence and global reach positions it at the top of the hospitality market.
2. MGM Resorts International: The Entertainment Powerhouse
Revenue: $17.26 billion
A major force in the global entertainment and gaming space, MGM Resorts is synonymous with luxury resorts and innovative live experiences. Operating 31 properties worldwide, including some of the most famous names in the industry, MGM attracts millions each year to its extravagant hotels, conference venues, and entertainment hubs. This is where high-stakes gaming meets top-tier hospitality.
3. Sands Corporation: Redefining Integrated Resorts
Revenue: $11.31 billion
Pioneering the integrated resort concept, Sands remains a global leader with flagship properties like The Venetian in Las Vegas and Marina Bay Sands in Singapore. Beyond lavish accommodations, Sands offers expansive meeting spaces, luxury shopping, and world-class dining experiences, solidifying its role in both tourism and business travel.
4. Hilton Worldwide: A Global Hospitality Leader
Revenue: $11 billion
Spanning 140 countries and featuring 24 iconic brands, Hilton has firmly entrenched itself as a global hospitality titan. From luxury resorts like Waldorf Astoria to extended-stay options under Homewood Suites, Hilton meets every traveler’s needs. With over 1.26 million rooms and an award-winning loyalty program, it’s a brand that consistently delivers exceptional experiences worldwide.
5. Wynn Resorts: The Epitome Of Luxury In Las Vegas
Revenue: $7.12 billion
Wynn Resorts has earned its place among the world’s most respected hotel brands, offering refined accommodations, gourmet dining, and cutting-edge entertainment. Known for its extravagant Las Vegas resorts, Wynn has garnered awards for its services and remains a leader in the high-end luxury space. With strong fourth-quarter results, Wynn’s profitable model continues to thrive.
6. Hyatt Hotels: Global Expansion With A Personal Touch
Revenue: $6.7 billion
Hyatt’s diverse portfolio includes over 1,400 properties across 79 countries. Known for its luxury offerings under brands like Park Hyatt and Alila, Hyatt is deeply committed to delivering exceptional experiences. The company’s global reach and inclusive approach to hospitality make it a top contender in the upscale market.
7. Genting Berhad: A Multinational Leader In Leisure And Hospitality
Revenue: $6.19 billion
With a footprint spanning across Asia, the US, and Europe, Genting Berhad is an investment powerhouse with significant holdings in leisure and hospitality. From its flagship Resorts World Las Vegas to international ventures, the company’s diversified portfolio includes luxury resorts, casinos, and integrated entertainment complexes. Under the leadership of Tan Sri Lim Kok Thay, Genting continues to expand its influence across the globe.
8. Accor: Transforming Hospitality With Bold Vision
Revenue: $5.58 billion
With more than 45 brands and 5,600 properties worldwide, Accor is reshaping the hospitality landscape. From luxury to budget-friendly offerings, Accor’s global presence is matched by its commitment to innovation and sustainability. The brand’s dedication to creating unique, high-quality experiences has made it a leader in both tourism and business travel.
9. Host Hotels & Resorts: Real Estate Meets Luxury
Revenue: $5.57 billion
As the largest lodging real estate investment trust, Host Hotels & Resorts focuses on premium, luxury, and upper-upscale properties. With 76 US-based properties and 5 international destinations, the company owns a substantial portfolio across some of the most iconic hotel brands, including Ritz-Carlton and St. Regis. Through strategic investments and asset management, Host is set to continue its growth in the luxury hospitality sector.
10. Hilton Grand Vacations: A Premier Vacation Ownership Brand
Revenue: $4.71 billion
Since its inception in 1992, Hilton Grand Vacations has become a leader in the vacation ownership market. With over 720,000 members and 200 properties across the globe, Hilton Grand Vacations continues to offer unparalleled vacation experiences. Its consistent service quality and strategic property expansions have made it a top choice for luxury vacation ownership.
A Glimpse Into The Future
As the hospitality market continues to evolve, these companies are leading the charge in redefining travel experiences, from luxury resorts to integrated business hubs. With projected growth rates and a focus on customer experience, these hospitality giants are not only making a significant impact today but are shaping the landscape of global tourism for years to come.
