STR breaks down world's largest hotel markets
STR has published a set of top five lists ranking the five largest hotel companies by number of rooms and by developments in the pipeline. STR also breaks down the five largest brands, metro markets, and properties.
At the head of both the largest companies and largest pipeline lists is Marriott International, which acquired Starwood Hotels & Resorts in September 2016. On March 31, Marriott announced that its loyalty programs had reached more than 100 million members and that it is partnering with PlacePass to allow members to reserve a spot on tours and activities when they book a hotel room. STR reports that Marriott has 348,422 rooms under contract in its pipeline and that its 5,929 properties had 1,158,107 rooms as of December 2016.
Hilton Worldwide, which announced March 6 that it has 100,000 open hotel rooms in Europe, the Middle East, and Africa, and that it plans to open hotels in six German cities over the next two to three years, is ranked second by STR. STR places Hilton at 790,659 open rooms with another 274,483 rooms in construction or planning. And third on both the largest companies and largest pipelines list is InterContinental Hotels Group, with 727,820 open rooms and 221,281 rooms in the pipeline.
Ranked fourth and fifth on the list of largest pipelines are AccorHotels Group and Hyatt Hotels Corporation, respectively. The fourth largest company is Wyndham Worldwide, which in March was honored as the World’s Most Ethical Company by the Ethisphere Institute for its socially responsible business practices and support for local communities. The fifth largest company is AccorHotels.
InterContinental Hotels Group claims the top two spots on the largest brand list; its Holiday Inn Express Hotel brand ranks first, followed by Holiday Inn. Hilton takes the next two spots with its Hampton and Hilton brands. Ranked fifth is the Marriott Brand.
Beijing, which draws tourists to the Great Wall, the Forbidden City, and historic Tiananmen Square is the largest metro market with 228,623 hotel rooms. Second is Shanghai, which in February signed an agreement with Montreal; the cities plan to work together to promote tourism and business travel. STR reports that Shanghai has 224,546 open hotel rooms.
Third on the list is Las Vegas, which draws visitors to its casinos, conventions, and special events. Las Vegas has 162,498 hotel rooms. Next is Greater London, with 129,202 rooms; London welcomes business travelers to its financial sector and other industries, while tourists come for attractions such as the British Museum, Big Ben, the Tower of London, and the London Eye. And the fifth-largest metro market is Orlando, Florida. Orlando has 123,566 hotel rooms to accommodate visitors to its theme parks and conventions.
STR names First World Hotel in Genting Highlands, Malaysia, as the largest property in the world with 7,351 rooms. The hotel connects to a plaza with a theme park and shopping center. The next four properties on the list are all in Las Vegas: MGM Grand Hotel, Luxor Hotel, The Venetian, and Aria Resort & Casino.