In this article we discuss the 5 best luxury hotels in the world. If you want to read our detailed analysis of the hotel industry, go directly to the 15 Best Luxury Hotels in the World.
5. Four Seasons Hotel
Revenue: $4.2 billion in 2020 via Owler
One of the best-known luxury hotels in the world is the Four Seasons brand which now has over 100 properties located in 5 continents around the world. The Canadian company was founded in 1960 however its real breakthrough came when the Four Seasons in London opened. The company’s flagship hotel is the Four Seasons Toronto which has a 9.2 out of 10 rating given by booking.com. The company was made private in 2007 with investors like Bill Gates and Prince Al-Waleed bin Talal. The Four Seasons Hotel Toronto provides an award-winning hospitality experience, fine dining, a Spa and many more amenities in the heart of the city’s historic Yorkville quarter.
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4. Hilton Worldwide Holdings Inc. (NYSE: HLT)
Revenue: $4.3 billion in 2020 via Yahoo Finance
Hilton worldwide is one of the largest luxury hotel chains in the world. With a lodging empire of 6100 properties which comprise of 972000 rooms located in 120 countries, the company holds the — spot for on the 15 best luxury hotels in the world list. The company operates under names like the Doubletree, Hampton Inn, embassy suites etc. But its flagship brand is the Hilton which offers full-service upscale lodging. With more than 575 hotels across six continents, Hilton Hotels & Resorts provides the foundation for exceptional travel experiences. The company had a revenue of $4.3 billion in 2020 and has an enterprise valuation of $42.89 billion. The Hilton in Times Square, New York received a 4.5 rating by TripAdvisor on the basis of 8356 reviews. The hotel giant is set to open 9 more hotels in Egypt by 2026, as reported by Reuters.
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3. MGM Resorts International (NYSE: MGM)
Revenue: $5.16 billion in 2020 via Yahoo Finance
MGM Resorts International operated luxury hotels, casinos, and entertainment resorts in the US and in Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. MGM resorts hotels have a total of 45000 rooms. Its flagship hotel is the MGM Grand located in Las Vegas. The MGM Grand is the largest single hotel in the US with 6,852 rooms which range from $72 to $499 per night and executive luxury suites which range from $275 to $20500 per night. The casino and gaming floor is one of the main attractions in Las Vegas for tourists. The company reported a total revenue of $5.16 billion in 2020. MGM is also in the final stages of buying the Hard Rock casino Northfield Park in Ohio for $1.06 billion.
2. Huazhu Group Limited (NASDAQ: HTHT)
Revenue: $10.2 billion in 2020 via Yahoo Finance
Huazhu Group Limited, together with its subsidiaries, develops leased and owned, and franchised hotels primarily in the People’s Republic of China. It operates hotels under its own brands, such as Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, and Blossom Hill Hotels & Resorts. As of March 31, 2020, it operated 5,953 hotels with 575,488 rooms in 15 countries. Huazhu Group Limited was founded in 2005 and is headquartered in Shanghai, the People’s Republic of China. It has a market valuation of $52.17 billion as of 2020.
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1. Marriott International, Inc. (NASDAQ: MAR)
Revenue: $10.57 billion in 2020 via Yahoo Finance
Marriot International, Inc. is a Maryland-based multinational company that operates, franchises, and licenses lodging including residential, hotel, and timeshare properties. Marriott is the largest hotel chain in the world with over 30 brands with 7642 properties containing 1,423,044 rooms in 131 countries worldwide. The company also operated 20 hotel reservation centers. Marriott was also named one of Fortune’s 100 best companies to work for in 2020, which is a record 24th year in a row. Its hotel portfolio, which comprises nearly 1.4 million guest rooms, includes the premium Delta Hotels and Renaissance Hotels brands and its flagship Marriott Hotels & Resorts as well as the Ritz-Carlton, W Hotels, The Luxury Collection, and JW Marriott luxury brands. In the past 5 years, Marriott’s revenue has trended upwards although business dropped when the pandemic first began. Most of Marriott’s flagship hotels have received a 5-star rating by TripAdvisor. The companies’ luxury brand has boutique hotels worldwide with an occupancy rate of 73.7% as of 2019. There is no doubt that Marriott is one of the best luxury hotels in the world today.
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