5 Most Valuable Hotel Companies In The World

3. Las Vegas Sands Corp. (NYSE:LVS)

Market Capitalization as of February 8: $43.839 billion

Las Vegas Sands Corp. (NYSE:LVS) develops, owns, and manages integrated resorts in Macau and Singapore. Its brands include The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, the Sands Macao, and Marina Bay Sands. As of December 30, 2022, Las Vegas Sands Corp. (NYSE:LVS)’s annual revenue stood at $4.11 billion, compared to $4.2 billion in the same period in 2021. With a market cap of almost $44 billion, Las Vegas Sands Corp. (NYSE:LVS) is one of the most valuable hotel companies. 

Baron Funds made the following comment about Las Vegas Sands Corp. (NYSE:LVS) in its Q4 2022 investor letter:

“Certain travel-related businesses remain cyclically depressed, not secularly challenged, and should rebound as economic strength re-emerges. For example, the business operations of Macau-centric casino and gaming companies such as Las Vegas Sands Corporation have yet to recover due to the ongoing COVID-19 challenges in China. We expect business to rebound sharply when economic growth recovers just as it did in Las Vegas.

Following strong absolute and relative share price performance in 2022 – Las Vegas Sands Corporation’s shares increased 23% while most other U.S. casino and gaming companies declined anywhere from 20% to more than 50% – we reduced the Fund’s position in Sands in the most recent quarter

The company is a global leader in the development and operation of luxury casino resorts in Macau and Singapore, and it maintains a liquid and investment grade balance sheet. We anticipate that management may begin to return capital to shareholders through dividends and share buybacks as Singapore and Macau recover.

We have maintained a position in the company because we expect business activity in Macau to recover in the next few years, and we believe the shares are attractively valued relative to our assessment of replacement cost and its two- to three-year cash flow prospects.”