Top 5 Hospitality Companies in the World

In this piece, we will take a look at the top five hospitality companies in the world. For more companies, take a look at Top 10 Hospitality Companies in the World.

5. Galaxy Entertainment Group Limited (HKSE:0027.HK)

Market Capitalization as of November 11, 2022: $25.49 billion

Galaxy Entertainment Group Limited (HKSE:0027.HK) is a Hong Kong based investment company that operates gaming and entertainment properties. The firm owns casinos, hotels, and resorts. It is headquartered in Central, Hong Kong.

Galaxy Entertainment Group Limited (HKSE:0027.HK) has not done well this year, and when compared to its global peers, the firm is struggling to recover from the effects of the coronavirus pandemic. The firm’s third quarter revenue of $2 billion marked a painful drop of 50% annually and 16% sequentially, as it failed to produce an operating profit. However, whispers in the market that China is finally moving away from its COVID lockdowns are injecting some life into the stock these days.

Despite a tumultuous year, Galaxy Entertainment Group Limited (HKSE:0027.HK) has a market capitalization of $25.49 billion.

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

Market Capitalization as of November 11, 2022: $33.10 billion

Las Vegas Sands Corp. (NYSE:LVS) is an American company that develops and operates integrated resorts. The firm has properties in the U.S. and in Asia. Its hotels are located primarily in China, along with some in the U.S. and in Singapore. Las Vegas Sands Corp. (NYSE:LVS) is headquartered in Las Vegas, Nevada.

Las Vegas Sands Corp. (NYSE:LVS) is one of the most strongly hit hospitality firms due to consistent lockdowns in China. However, despite this, the company has a strong brand image and reputation, which is evident from the fact that its properties in Macau are still valued at seven times their cash flow. The valuation is also evident in its market capitalization, which as of the latest reading sits at a cool $33 billion. Las Vegas Sands Corp. (NYSE:LVS)’s shares are also up by 11.5% year to date.

Ken Griffin’s Citadel Investment Group is Las Vegas Sands Corp. (NYSE:LVS)’s largest investor. It owns 3.6 million shares that are worth $121 million.

Baron Funds mentioned the company in its Q2 2022 investor letter. Here is what the fund said:

“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 (NYSE:LVS) 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. Las Vegas Sands Corporationis 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. It is currently valued at a significant discount to our assessment of replacement cost, and the company’s Macau operations are valued at only 7 times estimated cash flow.”

3. Hilton Worldwide Holdings Inc. (NYSE:HLT)

Market Capitalization as of November 11, 2022: $38 billion

Hilton Worldwide Holdings Inc. (NYSE:HLT) is an American hospitality chain and one of the oldest of its kind since it was set up in 1919 and is currently headquartered in McLean, Virginia. The firm has close to seven thousand properties with approximately one million rooms in its portfolio.

Hilton Worldwide Holdings Inc. (NYSE:HLT)’s third quarter results saw the firm report a 35% jump in revenue and a 30% jump in RevPAR – making it yet another hotel chain to recover from the pandemic. The firm expects its RevPAR to grow by 40% and 43% this quarter, and its earnings per share and revenue guidance are also above consensus estimates.

Hilton Worldwide Holdings Inc. (NYSE:HLT)’s market capitalization is $38 billion.

Bill Ackman’s Pershing Square is Hilton Worldwide Holdings Inc. (NYSE:HLT)’s largest investor through a $1 billion stake that comes via 9.9 million shares.

2. Oriental Land Co., Ltd. (OTCMKTS:OLCLY)

Market Capitalization as of November 11, 2022: $46.39 billion

Oriental Land Co., Ltd. (OTCMKTS:OLCLY) is a Japanese company that operates and manages theme parks and hotels. These include Disneyland and DisneySea theme parks and similar hotels. The firm is headquartered in Urayasu, Japan.

Oriental Land Co., Ltd. (OTCMKTS:OLCLY) financial results for the first half of its current fiscal year ending in March 2023 saw the company fire on all fronts. It delivered a whopping 109% in revenue growth and posted positive operating and net income, which were in sharp contrast to the year ago results that have seen the firm post massive losses. Oriental Land Co., Ltd. (OTCMKTS:OLCLY)’s balance sheet also remained healthy during the time period, as it did not take any new debt.

Oriental Land Co., Ltd. (OTCMKTS:OLCLY) has a $46.39 billion market capitalization.

1. Marriott International, Inc. (NASDAQ:MAR)

Market Capitalization as of November 11, 2022: $51.84 billion

Marriott International, Inc. (NASDAQ:MAR) is an American company that was formed in 1927 and is headquartered in Bethesda, Maryland. The firm has a host of different brands in its portfolio, which include Ritz Carlton, Sheraton, Delta Hotels, and Marriott Hotels.

Marriott International, Inc. (NASDAQ:MAR) is taking a unique approach to expand its business, as the company is one of the first large hotel brands to also expand into the apartment space. It announced in November 2022 that it is launching Apartments by Marriott Bonvoy. The company already operates Marriott Executive Apartments, and the new brand will provide the service in the U.S. and in Canada.

Marriott International, Inc. (NASDAQ:MAR) increased its dividend by 33% to 40 cents in November 2022, and the firm has a $52 billion market capitalization.

Marriott International, Inc. (NASDAQ:MAR)’s largest investor is Boykin Curry’s Eagle Capital Management which owns 8.8 million shares that are worth $1.1 billion.

Disclosure: None. You can also take a look at Goldman Sachs Energy Stocks and 13 Best Consumer Staples Dividend Stocks To Buy.

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