by Mia Taylor
Last updated: 5:10 PM ET, Mon August 21, 2023
Marriott International had a very profitable year in 2022.
With a whopping $61.4 billion in systemwide room revenue, the hotel group is the top-ranked among 10 leading hotel groups globally, according to the 2023 Big Book of Travel Data, released by the travel insurer Allianz and produced in partnership with the IdeaWorksCompany.com.
The other top-ranked hotel groups for 2022, in order of revenue, include:
- Hilton Hotels: $41.5 billion
- IHG Hotels & Resorts: $25.8 billion
- Accor Group: $18.08 billion
- Hyatt Hotels Corp: $13.9 billion
- Wyndham Hotel Group: $12.1 billion
- Choice Hotels: $8.8 billion
- Huazhu Group Ltd.: $7.8 billion
- Best Western: $7.1 billion
- BTG Hotels Group: $2.4 billion
Holiday Inn Express Atlanta Galleria-Ballpark Area. (photo courtesy of IHG)
Hotel Brand Rankings for 2022
Looked at by individual brand (rather than entire hotel groups), the top-ranked hotel in terms of annual gross room revenue is Hampton by Hilton, which had nearly $10.2 billion in room revenue for 2022. The top 10 in this category however, is dominated by Holiday Inn brands and Marriott-labeled brands.
Additional individual brands that landed in the top 10 for 2022 (listed in order of earnings) include:
- Hilton Hotels & Resorts: $9.24 billion
- Marriott Hotels: $8.78 billion
- Holiday Inn Express: $8.46 billion
- Courtyard by Marriott: $7.13 billion
- Sheraton: $5.47 billion
- Holiday Inn: $5.26 billion
- Hilton Garden Inn: $4.93 billion
- Residence Inn by Marriott: $4.79 billion
- DoubleTree by Hilton: $.4.75 billion
With the exception of IHG Hotels, which publishes its systemwide
gross room revenues, hotel groups don’t reveal this information
publicly. The data in the Yearbook report is generated using other
statistics published by hotel groups.
As the report explains, its
rankings are created based on using the statistic of revenue per
available room, otherwise known as RevPAR. “If a hotel has 100 rooms and
generates room sales of $1 million per year, the RevPAR is
approximately $27.40 ($1 million divided by 100 rooms, divided by 365
days),” the report explains.
The 2023 Big Book of Travel Data
represents the second annual publication of this new report from Allianz
and IdeaWorksCompany.com. The report provides industry data for
airlines, hotel groups, car rental companies, and online travel
agencies.
Overall, the report indicates that the travel industry as a
whole is experiencing significant recovery from the COVID-19-era slump.
This is indicated through such figures in the report as overall
industry revenue, which reached $1.28 trillion in 2022 for airlines,
hotels, car rentals, and OTAs.
“By every measure, ours is a
travel industry in rapid recovery from the ravages of the pandemic. The
data shows that airlines, hotels and other travel providers last year
leapt from the pandemic plunge of 2020,” says the report.
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