The revenue of the worldwide hotel market is projected to reach $443.07 billion by 2025, with an anticipated compound annual growth rate (CAGR) of 3.68 percent from 2025 to 2029, according to figures from data specialists Statista. This growth will result in a market volume of $511.91 billion by 2029.
The number of hotel customers is expected to reach 1.81 billion by 2029, with user penetration rising to 22.5 percent by the said year, up from 17.4 percent in 2025.
The average revenue per user (ARPU) is forecasted to be $325.08. By 2029, it is expected that 80 percent of the total revenue in the hotel industry will be generated through online sales.
Here are the highest-earning hotel brands in 2024, according to a report from data experts Straits Research.
1. Marriot International
Revenue: $24.76 billion
With an unrivaled portfolio of eight dynamic luxury brands, Marriott International is creating authentic, rare, and enriching experiences sought by today’s global luxury seeker.
Spanning all corners of the world, Marriott International’s Luxury Group offers a network of more than 530 landmark hotels and resorts in over 70 countries and territories through The Ritz-Carlton, Ritz-Carlton Reserve, Bvlgari Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott, and W Hotels.
2. MGM Resorts International
Revenue: $17.26 billion
Listed on the New York Stock Exchange (NYSE), MGM Resorts International is a global gaming and entertainment company featuring best-in-class hotels, state-of-the-art meetings and conference spaces, live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings.
The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry.
3. Sands Corporation
Revenue: $11.31 billion
Sands pioneered the convention-based integrated resort model with the opening of The Venetian Resort Las Vegas in 1999. Today, Sands operates properties in Singapore and Macao, with its resorts contributing significant economic impact to host communities.
Sands’ integrated resorts offer an expansive experience with over 14,200 rooms and suites. The resorts also boast a massive 3 million square feet of meeting space, making them ideal for business events and conferences. With more than 200 restaurants, there’s no shortage of dining options to satisfy every culinary craving.
4. Hilton Worldwide
Revenue: $11 billion
Hilton is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. The company’s portfolio includes 24 world-class global brands and an award-winning customer loyalty program. The company operates 1,268,206 rooms and 8,447 properties across 140 countries and territories.
5. Wynn Resorts
Revenue: $7.12 billion
Awarded with several hospitality recognitions over the years, Wynn Resorts is among the most respected independent hotel companies in the world. Its resort offers award-winning restaurants, exciting entertainment and nightlife, spas, salons and luxury shopping.
NASDAQ-listed Wynn Resorts reported operating revenues of $1.84 billion for the fourth quarter of 2024. Net income attributable to Wynn Resorts was $277.0 million for the fourth quarter of 2024. Adjusted Property EBITDAR was $619.1 million for the fourth quarter of 2024, compared to Adjusted Property EBITDAR of $630.4 million for the fourth quarter of 2023.
6. Hyatt Hotels
Revenue: $6.7 billion
Hyatt Hotels Corporation is a leading global hospitality headquartered in Chicago. As of December 31, 2024, the company’s portfolio included more than 1,400 hotels and all-inclusive properties in 79 countries across six continents. The company’s offering includes brands in the luxury portfolio, including Park Hyatt, Alila, Miraval, Impression by Secrets, and The Unbound Collection by Hyatt.
7. Genting Berhad
Revenue: $6.19 billion
Genting Berhad is principally an investment holding and management company. While the Company was incorporated in 1968 and listed in 1971, the Genting Group was founded in 1965 and today comprises Genting Berhad and its listed companies; Genting Malaysia Berhad, Genting Plantations Berhad and Genting Singapore Limited, as well as its principal unlisted subsidiaries Genting Energy Limited and Resorts World Las Vegas.
Led by Tan Sri Lim Kok Thay, the group is involved in leisure and hospitality, oil palm plantations, power generation, oil and gas, property development, life sciences and biotechnology activities, with operations spanning across the globe, including in Malaysia (the group’s country of origin), Singapore, Indonesia, India, China, USA, Bahamas, UK and Egypt.
8. Accor
Revenue: $5.58 billion
Accor ranks among the biggest employers in the industry, with over 330,000 hospitality talents around the world. Accor’s bold and visionary approach reaches far beyond the traditional hotel model, reimagining and continuously transforming hospitality to craft and unlock exceptional experiences for clients, to give back to the communities, and to drive value for partners and all stakeholders.
The hotel brand portfolio boasts over 45 brands, with a vast network of 5,600 hotels and more than 850,000 rooms spread across 110-plus countries. Accor’s global presence is complemented by 10,000-plus restaurants and bars, providing diverse dining experiences.
9. Host Hotels & Resorts
Revenue: $5.57 billion
Host Hotels & Resorts is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The company currently owns 76 properties in the United States and five properties internationally totaling approximately 43,400 rooms.
The company also holds non-controlling interests in seven domestic and one international joint venture. Guided by a disciplined approach to capital allocation and aggressive asset management, the company partners with premium brands such as Marriott, Ritz-Carlton, Westin, Sheraton, W, St. Regis, The Luxury Collection, Hyatt, Fairmont, 1 Hotels, Hilton, Four Seasons, Swissôtel, ibis, and Novotel, as well as independent brands.
10. Hilton Grand Vacations
Revenue: $4.71 billion
Hilton Grand Vacations is recognized as the premier vacation ownership and experiences company with approximately 720,000 members and 200 resorts. Headquartered in Orlando, Florida, Hilton Grand Vacations develops, markets and operates distinct portfolios of high-quality, shared ownership properties in highly desired destinations.
Hilton Grand Vacations has a reputation for delivering a consistently exceptional standard of service synonymous with the Hilton name. From resort-like amenities to spacious suites, Hilton Grand Vacations provides unforgettable vacation experiences for members and guests.
Hilton Grand Vacations, established in 1992, has grown to become a prominent player in the vacation ownership industry. For the fiscal year 2024, Hilton Grand Vacations is projected to achieve contract sales of $3 billion, reflecting its strong position in the market and continued growth.
By Edward Liamzon
