Leading hotel companies worldwide 2023, by number of properties
Global hotel chain, Wyndham Hotels & Resorts, leads the ranking of the top hotel companies by number of properties. As of June 2023, Wyndham accounted for over nine thousand units in its worldwide portfolio, making the company a key player in the global hotel industry. Its closest competitors were Marriot International and Choice Hotels International, who reported 8,353 and 7,467 properties, respectively.
The global hotel property market
The hotel industry is full of competition and continues to show growth due to a strengthening global traveler pool. The competitive nature of the industry means the number of properties a hotel company has to its name is subject to change. This is due to companies building, acquiring, or selling properties. For example, Wyndham’s subsidiary La Quinta Holdings added 918 hotels to its property portfolio in 2023.
The lodging construction pipeline
In 2022, the country with the highest number of lodging construction projects in the pipeline worldwide was the United States. There were over 5,000 properties in the development pipeline in the U.S. as of the fourth quarter of 2022. When it came to cities, Dallas had the highest number of new lodging projects in the construction pipeline worldwide, making the U.S. one of the most productive countries in terms of new lodging construction.
